JP Morgan

Rabobank took advantage of tightening spreads to grab €2bn of long dated senior funding on Monday,and after the European Central Bank’s latest round of stimulus measures more banks are expected to follow this week.

Chinese e-commerce group Alibaba has launched its latest loan at $3bn, less than a week after it signed an agreement with eight mandated lead arrangers and bookrunners. However, the financing could be even bigger, with the top group hoping demand will be strong enough to increase it to $4bn by the end of syndication.

ArcelorMittal’s share price shot up on Friday March 11 after the Amsterdam-listed miner and steel maker set the terms for its $3bn rights issue, but then dived on Tuesday morning and though it has recovered, is now lower than last week.

Doosan Bobcat, part of South Korean chaebol Doosan Group, has roped in six banks to lead its IPO.

Delight spread through Europe's high yield market on Thursday afternoon, as LeasePlan, the Dutch car finance bank that had ignominiously pulled a €1.55bn LBO financing in February, succeeded in pricing the deal on its second attempt, writes Victor Jimenez.

After a string of strong syndications and auctions from the eurozone periphery during the last seven days, issuers from the region could be set to enjoy even lower yields thanks to the latest monetary stimulus package from the European Central Bank.

Bank Nederlandse Gemeenten brought a 10 year dollar benchmark this week that sparked much debate about whether other issuers would be able to follow in the tenor. Although with a flurry of other trades this week, it is clear that other options are available once next week’s US Federal Reserve meeting is held.

Bankers pitching to lead the first loan for Saudi Arabia in more than 20 years say the borrower will tussle for tight pricing even though the Gulf’s other sovereigns and blue chips face further downgrades, write Elly Whittaker and Virginia Furness.

Immofinanz sold €171m of shares in residential property developer Buwog on Wednesday night, in what a banker said was the only block trade to hit the screens before the European Central Bank monetary policy meeting on Thursday.

Berlin Hyp (BHH) issued the first negative yielding fixed rate euro covered bond on Tuesday, days before the European Central Bank lowered the discount rate further into negative territory.

Italian luxury sports car manufacturer Ferrari sped into the capital markets ahead of the ECB’s monetary policy committee meeting on Thursday with a €500m debut bond.

Southern Gas Corridor Company has started investor meetings for a bond fully guaranteed by Azerbaijan.