JP Morgan

The international Finance Corporation has taken another step in furthering the internationalisation of Indian rupee bond markets by issuing the first London listed bond in the currency. The deal also marks the longest dated offshore Indian rupee bond.

mBank, Commerzbank's Polish unit previously known as BreBank, is roadshowing a euro-denominated bond via Barclays, Commerzbank, Credit Suisse and JP Morgan.

Serco, the UK outsourcing group, had a horrible day in the stockmarket on Monday, as its shares plummeted by 32% after it announced £1.5bn of impairment charges and a £550m rights issue. After that, the shares remained stable for the next three days.

Beijing-based Momo, a mobile-based social networking platform, is looking to raise at least $300m from an IPO on the Nasdaq and has filed a preliminary prospectus with the Securities and Exchange Commission.

On Friday Nestlé extended by a year €5bn five year revolving credit facility it had signed in October 2013. The Swiss foods producer also replaced a €5bn-equivalent short term facility with a new facility of €6bn.

French telecoms group Altice announced its €7bn offer to buy the Portuguese assets of Portugal Telecom from Oi, the Brazilian telecoms company, on Monday, firing the first round in what looks to be a political bidding war.

SEB got the additional tier one market back on to a strong footing on Thursday, selling the first AT1 from a European bank for almost two months to a rapturous reception. National Australia Bank was also active in the subordinated market, overcoming concerns over a novel structure to sell the first Basel III-compliant tier two deal from an Australian issuer in euros.

Gambling equipment provider GTech SpA and its subsidiary GTech Corp have completed a $2.6bn five year multicurrency revolving facility in dollars and euros.

Dutch paint and chemicals company AkzoNobel beat the rush to the euro market, which has been busy this week, by bringing a rare €500m 10 year bond last Friday.

Alliance Boots’ £12bn leveraged buyout in 2007 was a titanic and totemic deal, which symbolised the height of the pre-crisis LBO wave. This week, the financing was done that will remove the UK pharmacy group’s name from the corporate landscape, merging it with US chain Walgreens into WBA — Walgreens Boots Alliance.

Ford Credit Europe Bank, the American car maker’s UK-based European financing vehicle, came to the sterling unsecured bond market for the second time this year to issue a £400m five year on Thursday.

Gazprom’s potentially market re-opening $700m one year bond has been twice subscribed. US investors have even been calling the company to complain about being scaled back in the allocation process on the Reg S/144A deal, signalling a u-turn in investor appetite for Russian risk.