Europe

US metal packaging manufacturer Crown Holdings on Thursday priced a dual currency note that will refinance its loans.

Instituto de Crédito Oficial showed on Wednesday that the strong demand present in the dollar market over the last few months is not solely the preserve of the highest rated issuers.

WPP, the UK advertising and public relations firm, came to the sterling bond market on Wednesday for a £400m 30 year issue that included a novel choice of bookrunner.

After loan volumes nosedived this year, participants looked to the private placement market as an area of opportunity at the Loan Market Association's annual conference in London on Wednesday.

Schaeffler Verwaltung Zwei, a holding company which owns 75% of bearings manufacturer Schaeffler, has signed a €800m credit agreement with four banks as part of a €3.3bn refinancing package.

The head of European high yield credit trading at Citigroup is leaving the bank to pursue a career away from rival banks.

German consumer goods group Henkel touched negative yields as it tapped three currencies for a €2.2bn equivalent four tranche bond deal on Tuesday, pulling in a monster order book.

The German subsidiary of Natixis issued its first publicly syndicated covered bond on Wednesday, selling the 10 year issue mainly to German based investors.

Société Générale raised $1.5bn of additional tier one capital on Tuesday, following in the footsteps of four of its European peers this summer.

After a muted Monday, when British American Tobacco’s sterling and Hemso’s euro trades were the only deals on screens, the European corporate bond market has surged as buy-side demand supported negative yields and hefty order books.

Belfius Bank has priced the first Belgian covered bond inside a French covered bond and with virtually no new issue concession.

Advent International and Bain Capital this week completed their second block trade of shares in Worldpay, the UK payment services provider, since its IPO in October last year, raising £987m via an accelerated bookbuild.