JP Morgan

The UK government will sell the next chunk of Lloyds Bank shares using an unusual dribble-out trading plan, in which shares will be sold piecemeal in the secondary market, rather than in a large block, as it has done twice before.

The Russian economic crisis this week boosted participation in a tender offer for Evraz's 2015 bond. Investors accounting for $278m of Evraz's $576.7m 2015 notes agreed to a company buyback of the note at just over par.

Terna — Vattenfall — Gamesa

Wereldhave, the Dutch shopping centres and offices group, on Tuesday completed the €550m rights issue it launched on December 1, as it raises money to finance its acquisition of six shopping centres in France.

Fiat Chrysler Automobiles raised $3.46bn on Wednesday, when it priced its $2.5bn mandatory convertible bond and $957m share offering, designed to strengthen its balance sheet and gain a new investor base in the US.

The US market slowed down after the previous week’s blockbuster but a handful of smaller trades were sufficient to take December's haul to a record. Four corporate trades worth $2.8bn pushed issuance to $43bn, making it the busiest December ever.

The Spanish and Portuguese electricity businesses of E.ON are teasing the leveraged loan market with a pre-launch glimpse of €315m of loan facilities backing their €2.5bn buyout by Macquarie and Wren House Infrastructure Management, owned by the Kuwait Investment Authority.

United Biscuits has cut the margins and rejigged the structure of the £985m-equivalent loan package it is seeking to finance its takeover by Turkish foods group Yildiz Holding.

Two German companies used hybrid bonds to finance acquisitions this week, underlining how corporate hybrid capital has come into its own in 2014 as a useful instrument in the corporate finance toolbox, especially for acquisitions. Merck's €1.5bn deal was its first hybrid, while Deutsche Annington's €1bn issue came just nine days after it had announced its acquisition, writes Richard Metcalf.

Armenia’s Ardshinbank has become the first private sector entity from the country to issue a private placement and its CFO said it will “definitely” be back again.

Russian steelmaker Evraz Group is offering to buy back its 2015 bonds at just over par. While the offer is reckoned to be on the tight side, analysts expected investors will jump at the opportunity as Russian risk continues to increase.

Cheil Industries became the biggest listing from South Korea since 2010 when it priced its W1.52tr ($1.4bn) IPO at the top of the range on the evening of December 5. The blockbuster demand for the trade posed a big challenge during allocations, with a handful of investors ending up with no stock at all while many bidders received just token allocations.