Europe

Egger, the Austrian wood-based panel maker, is returning to the Schuldschein market after one year and looking for tighter pricing, according to one banker.

Greek gaming company Intralot is looking to refinance €200m of loans following the completion of the merger of its Italian unit with Italian gaming firm Gamenet.

FIG market participants may be braced for a busy start to the week in primary as issuers try beat the European Central Bank's policy meeting on Wednesday but Caisse Federale du Crédit Mutuel Nord Europe was the only FIG issuer active in euros on Monday morning.

Aviva and Prudential were looking to issue new tier two bonds at the beginning of the week, with insurers looking to profit from recent resilience in spread levels and strong appetite for UK risk.

Compagnie de Financement Foncier (CFF) enjoyed a strong reception for its fourth covered bond of the year, the seventh 10 year issue in little over two weeks. Despite the surfeit of 10 year supply and meagre spread to OATs, the transaction was smoothly executed.

Telefónica announced on Monday an intention to sell a portion of its telecommunications infrastructure subsidiary, Telxius. It is part of the largest listed Spanish company's attempts to reduce its debt, along with a listing of UK mobile firm, O2.

Unione di Banche Italiane’s (UBI) €1bn 10 year Obbligazioni Bancarie Garantite was priced tighter than UniCredit’s €1bn 10 year and well through BTPs, though it relied more heavily on domestic buyers.

ICBC Standard Bank has hired Vikram Khanna as head of advisory, a newly created position.

Dutch-based commodity trading firm Vitol has launched its $8bn refinancing with 21 bookrunning mandated lead arrangers, and the borrower has tightened margins from last year's rate, according to one banker.

Segro, the UK property developer, has raised £324m through an accelerated bookbuild it launched on Friday morning after saying that the Brexit vote had not affected its operational performance.

As the European Central Bank’s corporate sector purchase programme (CSPP) pushes investors into more highly levered, smaller companies, the yields they chase will disappear, erasing the incentive that the regulator hopes will result in an increased flow of credit to small businesses in Europe, a Moody’s report says.

Russian development institution Vnesheconombank signed a Rmb10bn($1.5bn) loan from 10 Chinese banks at the Eastern Economic Forum in Vladivostok this week.