Europe

The holding company of French motorway operator Société des Autoroutes du Nord-Est de la France, Holding d’Infrastructures de Transport, printed a €200m tap on Tuesday as the primary market remained quiet.

German car parts maker Schaeffler on Monday issued a full redemption notice for all bonds issued by its holding company as it seeks to create a new financing structure.

A German agency is set to bring the second dollar benchmark from an SSA this week — quadrupling the number of such deals in September so far.

The UK Debt Management Office was this week able to print an increase of its 2068 linker at the tight end of guidance.

The world needs a strong, stable eurozone. And that requires a strong, stable Greece. The talks necessary to make that a reality must not be placed on hold while Europe’s leaders fret and argue over the growing refugee crisis. Europe will only be a true source of hope to the needy outside its borders when it engenders faith from those within.

Spain’s sold short term debt at the lower end of its size target on Tuesday, just a few days before a crucial regional election in the country.

Coty, one of the world’s largest beauty companies and owner of brands including Calvin Klein and Marc Jacobs, is arranging a $1bn term loan 'B'.

Vallourec, the French tubular solutions company, has signed a €400m four year revolving credit facility to replace bilateral loans of the same amount.

Deals issued on Tuesday from Westpac New Zealand and Spain's CRCLM failed to gain much traction despite attractive pricing. Another from Bawag, its first in three years was more comfortably oversubscribed.

UBS made a successful holdco debut in the US markets on Monday. More than $13bn of demand propelled the triple tranche note inside Credit Suisse’s indicative secondary curve.

Swedbank defied a tricky market on Tuesday to raise €1.25bn in five year covered bonds, in a deal described by a rival banker as “outstanding”.

ABN Amro surprised the covered bond market on Tuesday with a deal that was both punchy in size, tenor and coupon. The 15 year transaction illustrated strong demand for duration and confounded the view that the market is oversupplied.