Europe

Goldman Sachs sold a Skr2.4bn ($281m) block of B shares in Loomis on Wednesday. The Swedish cash handling firm took a serious hit in trading the next day.

Prodware Group, the French software vendor, has issued a €79m Euro PP.

Action in euros was focused on the long end this week, with a trio of issuers printing benchmark deals in maturities beyond 10 years as the market prepared for next week’s European Central Bank (ECB) meeting.

BPCE fully exited its stake in French real estate firm Nexity on Tuesday, as it sold €283m-worth of shares through a block trade led by Société Générale.

Investment fund Aurelius attempted to sell its entire 51% stake in German beverage group Berentzen Gruppe on Tuesday, but eventually cut the offering by more than half when it realised it would not get the price it hoped for.

British Telecommunications plc (BT) on Thursday joined the surge of blockbuster multi-tranche deals that has hit the euro bond market since mid-February as it raised €3.9bn of bonds across three tranches.

Porsche AG has grown its Schuldschein from the launch size of €200m to €1.1bn, in another big deal for the private debt market.

Petroceltic, the Irish oil and gas exploration firm, has told shareholders that the company's future rests on the willingness of its lenders to continue to offer waivers on loan repayments.

Montenegro has released initial price thoughts for a five year euro denominated bond at 6% area, offering around a 50bp new issue premium, according to a banker away from the deal.

Banks are making their commitments for ED&F Man's annual loan refinancing and no banks have declined to roll over their commitments yet, according to a lead banker.

A group of four banks have launched a $300m three year bullet that marks Santander Consumer Finance’s (SCF) debut in the Asian syndicated loan market.

Bodgan Klimaszewski is no longer deputy director of the public debt department. Instead, Robert Zima has been promoted into the job.