Europe

CVC owned Douglas, the German retailer, held a lender call on Wednesday for a €300m incremental term loan, backing its acquisition of Leading Luxury Group, the Italian beauty chain.

Crédit Mutuel Arkéa was rewarded with an "enormous" cost saving for its first non-preferred senior bond on Tuesday, paving the way for other small borrowers to enter into the format.

Vakifbank has opened books on a drive-by five year senior trade as Turkish financial supply trickles into the primary market.

Germany's Daimler has rapidly returned to the Panda bond market, pricing a dual-trancher last week. Its deal was followed by China Power New Energy Development Company (CPNE)’s debut green Panda, a rarity in the renminbi market.

Moody’s now takes a more lenient approach to rating covered bonds compared to newcomer DBRS, DZ Bank covered bond research analysts have revealed. The change should help protect its share of the market which may be shrinking due to the prevalence of covered bonds with only one rating.

Moody’s ratings for covered bonds are now almost as lenient as newcomer DBRS, DZ Bank covered bond research analysts have revealed. The change should help protect its share of the market which may be shrinking due to the prevalence of single covered bond ratings.

International consumer finance company Home Credit Group is syndicating a slice of its €500m fundraising to Asian banks.

Matej Chytil has left Crédit Agricole’s covered bond trading team to return to National Bank of Slovakia where he used to work.

The Skr1.4bn (€143m) IPO of Boozt, the Nordic online fashion retailer, was this week covered at its maximum size throughout its price range.

Nova Ljubljanska Banka, Slovenia's largest bank, has sold its entire 13.1% stake in Istrabenz, the conglomerate, ahead of NLB's long awaited reprivatisation, according to a regulatory filing on Monday.

The euro high yield market will be dining on small portions this week, far from the recovery in bond issuance volumes of the past four months but indicative of times ahead, bankers and analysts agreed — that is, unless the European Central Bank increases short term interest rates.

The Export-Import Bank of Korea (Kexim) priced a five year euro benchmark on Monday, nipping in with a one day execution ahead of a trio of deals scheduled for Tuesday.