Europe

Dentsply International, the US dental equipment maker has printed a dual tranche private placement Swiss franc note on Tuesday, as a part of its private placement funding programme.

The council of Stockholm County, Stockholms läns landsting (SLL), signed the first ever green revolving credit facility on Friday, adding to the pair of green bonds it previously issued.

Finnish Stainless steel producer Outokumpu reduced the size of its revolving credit facility and pushed out maturities on other existing loan agreements as part of a wider deleveraging effort.

France is expected to issue the second highest volume of covered bonds next year after Germany, but with redemptions exceeding supply, the overall size of the market will contract again in 2016. House prices are expected to stabilise next year after falling since 2011, but new loan origination will remain subdued, according to a range of predictions made by covered bond analysts.

RPC Group, the London-listed plastic products maker, is raising £232.6m in a rights issue to back its acquisition of GCS Group, the manufacturer of lids and dispensers.

National Australia Bank has laid out its plans to float its UK mid-sized bank unit CYBG in London early next year.

Italian oil drilling company Saipem has revealed its bank group following the company's debut loan syndication.

Kommuninvest is set for a hefty increase in its funding target next year — which could include a long awaited debut green bond during the first quarter.

David Lloyd Leisure, the UK gym and spa firm, has final replies due at close of business on Monday for its £380m loan recapitalisation.

Germany is expected to lead the way in covered bond supply in 2016, with research analysts estimates’ ranging between €23bn and €30bn. Growth in mortgage lending, high redemptions and a weak private placement market are the main drivers of growth. And, in the event the European Central Bank scales back covered bond purchases, Pfandbrief spreads should be the most stable.

Finnish electricity provider Fingrid increased the size of its revolving credit facility and rejigged the lending group in a refinancing deal that could provide liquidity until 2022.

Italian oil refinery company Saras signed a €265m loan on December 10, cutting its margin on the refinanced facility by about 150bp.