Ireland

Ireland is focused on broadening its approach to bond issuance, and will look to sell its first benchmark inflation-linked trade "in the coming years', following its successful second privately-placed linker in March.

Rating: A2/A+/A+

Ireland set a new order book record when it issued a curve-extending long 30 year bond on Thursday.

Ireland appointed banks on Tuesday for its second syndicated bond of the year, which will extend its euro benchmark curve to 2050 (31 years).

Kingspan, an Irish insulation company, has made a €700m offer for two units of Belgium’s Recticel, but will sell one of them if the deal goes ahead.

In this round-up the Ministry of Finance cut the subsidy for purchasing new energy vehicles by more than half, Ireland-domiciled funds gained a new way to access the Chinese interbank bond market, and China's central bank opens up

A trio sovereigns went to the MTN market over the past week, including Italy, which issued a yen bond for the first time since 2009. The deal, led by Nomura, was also its first issue in a foreign currency since 2010.

Ireland is eyeing a benchmark linker after a successful private placement on Tuesday.

Ireland raised €300m through an inflation-linked bond in the private market on Tuesday. The note is Ireland’s second of this type, after a €609.5m private placement in April 2017.

Demand for Ireland-based aircraft leasing company Avolon's unsecured loan took off, allowing it to sign the deal at $500m this week, as the company attempts to gain an investment grade rating.

Greencoat Renewables, the Irish wind farms fund managed by Greencoat Capital, returned to the equity capital markets on Monday with a €105.5m fundraising following the release of its 2018 earnings.

Tip Trailer, the Dutch trailer services company, has refinanced its revolving credit facility (RCF), ramping the size up to €967m as it gathers funding for a range of growth plans.