Europe

BRFkredit, the Danish mortgage bank, has mandated leads for a roadshow.

Delta Lloyd Bank’s €500m Dutch RMBS deal was priced on Tuesday and benefitted from strong technical support as investors scramble for paper. The swapless bonds also feature more than usual credit enhancement as well as low risk NHG-guaranteed collateral that may soon become scarce.

The successful distribution of a jumbo loan for ChemChina’s acquisition of Syngenta shows that Chinese banks have learned quickly from past mistakes. And as the trend of Chinese companies snapping up prized assets overseas intensifies, they will only get better at arranging large, complex deals.

China’s curb on capital outflows means the Panda bond market is yet to live up to the excitement generated by a series of high profile transactions last year. But György Barcza, CEO of the Hungary Government Debt Management Agency, is committed to pushing out a transaction even if the ability to repatriate proceeds offshore remains uncertain. Rev Hui reports.

Citigroup has hired an equity capital markets banker from Deutsche Bank to help its business in the German-speaking region.

Koninklijke BAM Groep, the Dutch construction company, raised €125m on Monday with a rare subordinated convertible bond issue, which becomes its only traded debt instrument.

Dong Energy has narrowed the price range for its IPO, cutting off the bottom end of the range, after a banker on it said: “it’s about as strong an IPO as we’ve seen in a long time”.

Norwegian debt collector B2Holding has narrowed the price range for its IPO to between Nkr11.50 and Nkr12 a share.

Ireland's largest fibre network operator, Eircom Holdings, on Monday brought a rare offering from the telecoms industry to the high yield market.

German bund yields have dipped below the ECB’s main deposit rate of minus 0.4%, meaning that they are no longer eligible for purchase under the ECB’s asset purchase programme.

Île-de-France will open books for its fourth green bond on Tuesday morning, in spite of troubling US jobs data.

Sberbank believes around $20bn of the $30bn of non-distressed Russian corporate Eurobonds maturing in 2017-2018 could be bought back or replaced with new, longer-dated bonds in the near future.