Natixis

French luxury goods holding company Kering has issued a €500m seven year bond.

European Central Bank’s limited options for hitting its €60bn/month public sector purchase programme target could be made easier as a new agency nears a debut deal.

Nationwide and Caixabank launched the only two covered bonds this week. Despite both issuers getting the funding they wanted, the final outcome was poor in comparison to past standards.

BPCE made its debut in the offshore renminbi (CNH) market on March 18, pricing a 10 year non call five trade. The transaction meant the French lender joined a series of non-Chinese banks that have tapped the dim sum bond market to beef up their Basel III tier two capital buffer.

Repsol, the Spanish oil company, has issued a €2bn hybrid bond as part of the long term financing for its $8.3bn (€6.6bn) acquisition of Talisman Energy.

The €245m loan supporting PAI Partners’ acquisition of AS Adventure, the branded outdoor and travel products retailer, has an original issue discount of 99.

France’s BPCE has begun taking orders for its Basel III complaint tier two debt in the offshore renminbi (CNH) market, opening books to what looks to be its debut dim sum bond on Wednesday. If it goes ahead with its plan, it will be the fifth non-Chinese bank to tap the CNH market to boost its Basel III tier two capital buffers.

Hong Kong listed Fosun International's $500m facility entered general syndication this week. Seven banks are leading the loan, which they are syndicating on a best efforts basis.

Paprec Group, a French waste reprocessing company, is set to issue its first high yield offer with a €480m bond that it will use to refinance senior debt invested in eligible recycling projects.

Spanish construction company Actividades de Construcción y Servicios has issued its first non-convertible bond: a €500m five year.

A European sovereign and agency have opted to bring euro benchmarks at the long end of the curve on Tuesday, after hiring lead managers on Monday.

Air France KLM has hired five banks for a potential hybrid bond issue, as the unrated, high yield airline's €661m convertible bond approaches maturity.