Europe

Deutsche Pfandbriefbank attracted an unusually large order book for its €500m four year deal on Monday, as the German lender returned to the public senior market for the second time this year.

Investors threw more than €6.5bn at a perpetual non-call five year additional tier one trade from Rabobank on Tuesday, the bank’s first such deal since it revised its governance structure.

Alliander, the Dutch energy network group, issued its first green bond on Monday, a €300m 10 year note that enjoyed "a little help" from environmentally minded investors.

Natixis and Korea's KB Insurance (KBI) have signed a pact to co-invest in infrastructure and aviation debt that will be originated by the French lender.

Société Générale has named Frank Drouet as its new head of global markets, promoting him from his position overseeing global markets for Asia Pacific.

Distribuidora Internacional de Alimentación, the Spanish discount food retailer, issued €300m of five year bonds on a busy Monday when there were two other deals in the market.

The first task of the Fondo Atlante, the Italian bank rescue fund that politicians and financial leaders have put together over the past few weeks, moved a step closer to achievement today, with the announcement that it will sub-underwrite the IPO of Banca Popolare di Vicenza — as long as regulators agree.

Bertelsmann, the German broadcaster and publisher, issued a €500m bond on Monday that attracted a book of nearly €2bn, but kept the initial size as pricing inside guidance stirred investor sensitivity.

Eurofima was the sole issuer testing the euro waters on Monday, with bankers expecting a quiet second half of the month in the market after a frantic start to April in which issuers placed 12 benchmark deals.

The Asian Development Bank and Oesterreichische Kontrollbank hit screens with dollar deals on Monday, with ADB adding more supply to a burst of dual tranche trades that included deals last week by the World Bank and the Japan Bank for International Cooperation.

NRW.Bank has appointed Nord LB managing board member Eckhard Forst to be its managing board chairman when the incumbent Klaus Neuhaus retires at the end of October.

Swiss franc corporate bond issues from international borrowers have declined in the last month as foreign companies have taken advantage of more stable conditions in the euro and dollar markets, according to syndicate bankers in Switzerland.