Europe

Fugro, the Dutch geosciences company, turned to the convertible market on Wednesday to meet a specific corporate finance need, much as Rallye did in a different situation on the same day.

Rallye, the French listed holding company that controls supermarket group Casino, on Wednesday became the first issuer to use an equity-neutral structure on an exchangeable bond, rather than a convertible.

Kommunalbanken printed its third ever green bond on Wednesday, using the "extra selling point" of the green factor to pull in an impressive book for the four year deal and pricing it through its curve.

Italy’s corporate sector extended its run of new bonds intended to fund buy-backs on Wednesday, with multiutility Acea the latest borrower to use the manoeuvre.

Advent’s €2.43bn acquisition of French software solutions firm Morpho is supported by 13 banks, according to one banker, with up to €2bn of loans expected to be marketed by early November.

Bank of America Merrill Lynch has reshuffled the senior management of its debt capital markets and corporate banking teams in London.

TUI AG, the German tourism company, on Wednesday became one of only five double-B rated borrowers which have been able to print sub 2.5% coupons this year.

CME Group is set to introduce six currency futures on its European exchange, taking the number of crosses it has available to 36.

Bayer has released the names of the banks in its $56.9bn loan for the acquisition of Monsanto, the jumbo deal tickets have bumped up some lenders in European league tables.

The Irish and Luxembourg subsidiaries of Depfa Bank confirmed that they bought a combined €4.8bn covered bonds from FMS Wertmanagement (FMS-WM) which will be cancelled with the underlying assets sold back to the state-owned wind down agency, of which it is a wholly owned subsidiary.

Food and drinks giant Nestlé has signed €10.5bn of loans to refinance five and one year deals. The company refinanced to secure a similar group of banks in both deals, according to one banker.

The rate of the European Central Bank's covered bond purchases slowed again in the latest reporting period reflecting a scarcity of secondary market offers and a lack of new supply rather than a deliberate attempt to taper.