French Sovereign

Natixis has appointed a new head of credit research and a new head of equity research, both internal promotions.

Unibail-Rodamco, the French property company, achieved tight pricing on its latest eight year euro issue thanks to strong demand from across continental Europe.

French building firm Spie pulled its IPO on Thursday, as increasingly selective investors avoided the deal amid falling equity markets.

French hotel investment firm Foncière des Murs is set to raise €200m through a capital raise announced on Thursday.

Crédit Agricole’s wholly owned insurance subsidiary Crédit Agricole Assurances made its subordinated debt debut this week, taking care not to cadge too much from investors who have been spooked by recent underperformance in financials sub debt.

BNP Paribas on Monday leaped through a narrow window and avoided a souring in sentiment later in the week to sell its second tier two deal in euros this year.

BNP Paribas took advantage of improving sentiment and strong demand from US investors to print its first dollar tier two trade since 2005, while also issuing in euros (see separate story).

Unibail-Rodamco, the French property company, achieved tight pricing on its latest eight year euro issue thanks to strong demand from across continental Europe.

Crédit Agricole’s wholly owned insurance subsidiary Crédit Agricole Assurances is set to price its inaugural subordinated bond — and the first subordinated debt from a new market entrant since the recent selloff — following big demand from BNP Paribas’ dual tranche tier two on Monday.

Euro Disney, the company that owns French theme park Disneyland Paris, is set to launch a €1bn recapitalisation supported by the Walt Disney Company, the parent that could assume ownership of the whole company if the deal fails.

After a volatile few weeks, BNP Paribas took advantage of improved sentiment on Monday morning to launch a benchmark size tier two capital issue at what bankers away from the deal said was an attractive initial level for investors.

Eiffage, the French construction and concessions company, has signed a €1bn five year revolving credit facility with 16 banks. The deal was 25% oversubscribed.