Germany

The closest things to European corporate bond issues in euros on Thursday were a €200m sole-led issue for Deutsche Telekom, reported by Dealogic, and a €500m floater for LeasePlan, the Dutch car leasing bank.

UK petrol station operator EG Group launched a jumbo leveraged loan facility on Thursday, totalling €3.5bn-equivalent, to finance its acquisition of Esso sites in Italy and Germany. Bank meetings are due to be wrapped up by the end of this week.

Germany’s HeidelbergCement, rated Baa3/BBB-/BBB-, has signed a new €3bn-equivalent multi-currency revolving credit facility, refinancing debt early to lock in better terms.

The Schuldschein and US PP markets pride themselves on rigorous credit analysis, but both were caught flat-footed when UK outsourcing firm Carillion fell into liquidation this week. The likelihood of private debt investors getting their money back is slim, and the knock-on effects on both markets are being disputed, write Nell Mackenzie and Silas Brown.

NIBC, Raiffeisenlandesbank NiederÖsterreich-Wien (RLB NW) and BayernLB were easily able to sell 10 year covered bonds issued this week, thanks to their small size and European Central Bank demand.

German property firm Aroundtown became the first issuer from its sector to raise Swiss franc debt not driven by reverse enquiry.

The Loan Market Association is consulting with US private placement investors about creating European PP documentation that is more similar to what they are used to — in the hope that the lenders will be more drawn to European companies as a consequence.

Dermapharm Holding, the German pharmaceuticals company, has begun investor education for the first IPO on the Frankfurt Stock Exchange this year.

There have been high levels of issuance in the long end of the Aussie dollar curve this week, with a trade from KfW on Wednesday taking advantage of an increase in demand.

The UK building and services company had borrowed Schuldschein loans, which are unlikely to be paid in full — and the Schuldschein market couldn’t care less.

China's listed companies are set to sell stock directly to European investors. The first listing of an A-share company on the China Europe International Exchange (Ceinex) in Frankfurt will happen by June this year. Investment banks have already been mandated, GlobalCapital Asia's sister publication GlobalRMB has reported.

There has been little immediate impact on the broader Schuldschein market after the breakdown of talks between the UK government and Carillion’s creditors over the weekend, which has led to the UK building and services company going into liquidation.