Europe

Ufinet, the telecommunications firm with headquarters in Madrid, and Ammeraal Beltech, the Dutch conveyor belt manufacturer, both marketed dividend recapitalisations on Thursday. One senior market observer said that the regularity of such deals was reflecting poorly on the private equity community.

Semperit, a rubber and plastic goods manufacturer, has come to the Schuldschein market with a uniquely diverse deal; as an Austrian firm issuing to a largely German market, in Polish and US currencies.

ANZ pulled in the lowest coupon for a 10 year senior bond since the financial crisis on Thursday, as it joined BPCE and NIBC in a FIG market buoyed by the Federal Reserve’s decision to leave rates unchanged.

mBank priced a new four year euro denominated bond through its existing curve on Wednesday as investors shrugged off concerns over Polish bank risk.

Veolia Environnement became the first French issuer to tap China’s onshore debt market this month, pricing its debut Panda bond on September 1. The firm was also one of the first corporates to be allowed to repatriate funds out of China despite existing capital controls, according to its treasurer.

Fertiliser producer EuroChem signed a $800m pre-export finance facility (PXF) refinancing last week, with the borrower shuffling its bank group as Chinese lenders play a growing role in Russian corporate loans.

Russia wasted no time reopening its 2026s after the US Federal Reserve left rates unchanged on Wednesday. Now Euroclearable, the tap is expected to achieve plenty of demand from investors who didn’t play the first time round, but some say a moral dilemma remains.

Swedish banks may have to pay more than their European peers to issue Additional Tier One (AT1) and Tier Two bonds, after the country’s government included plans to tax the securities in its 2017 budget.

Ubisoft, the French computer games publisher, raised €400m on Wednesday in a highly successful convertible bond issue that was the first capital markets deal in its stock since 2010.

The European Securities and Markets Authority has proposed making it mandatory to trade the iTraxx Europe and Crossover credit default swap indices on a regulated market or other recognised trading facility.

Nets, the largest digital payments processor in the Nordic region, will close the books for its Dkr10.4bn to Dkr16.8bn ($1.6bn-$2.5bn) IPO two working days early after receiving strong demand.

The Cover’s 10th annual covered bond awards took place this year at the Rheinterrace in Düsseldorf on Thursday, September 15.