Italy

Pantheon Healthcare, the pharmaceutical developer owned by Permira, is marketing a €300m loan to finance the acquisition of Telematic and Biomedical Services with bankers saying demand for leveraged loans shows no signs of abating.

The IPO of DoBank, the Italian non-performing loan manager, has been priced at €9 a share, a third of the way up the original €8.35 to €10.25 initial range, making the deal worth €312m, including the increase option, which was exercised in full.

DoBank, the Italian non-performing loan manager, has trimmed the price range on its €260m IPO, and will close the book today (Tuesday June 11).

The up to €292m IPO of DoBank, the Italian non-performing loan manager, will close a day earlier than initially planned, according to a regulatory filing on Friday morning.

Cooperativa Muratori & Cementisti (CMC), the construction firm, proved there are pockets of demand for the industry, despite the recent troubles of another Italian cooperative, Manutencoop.

Predictions that financial institutions would ebb as the mainstay of equity capital markets business after the major post-crisis wave of recapitalisations had been completed have proved premature.

Italian toll road operator, Atlantia, was the only issuer in the euro corporate bond market on Thursday. The €1bn 10 year deal could be used to finance Atlantia’s proposed acquisition of its Spanish rival Abertis.

EU finance ministers are expected to agree at an Economic and Financial Affairs Council (Ecofin) meeting next Tuesday on an action plan to tackle the eurozone's €1tr of non-performing loans (NPLs) and to prevent the emergence of more in the future.

Pasubio, the Italian maker of speciality car upholstery, is funding its buyout by CVC with a leveraged loan and revolver launched on Wednesday in an issuer-friendly market.

Italy's Banca Monte dei Paschi di Siena (MPS) has spelt out its plans to return to stability and profitability, after a long running brush with resolution ended with a ‘precautionary recapitalisation’ by the Italian state this week.

UBI Banca, the Italian bank, completed its €400m rights issue on Friday June 30, when the tiny rump of 6.7m rights, not subscribed for during the subscription period, were all sold on the stockmarket in the first few minutes they were offered.

After another busy week, the corporate bond market had no new issues to consider on Friday. However, over €12.5bn-equivalent of deals had been priced earlier in the week, 10% more than the week before.