Natixis

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.

Issuers across the credit spectrum were seen in covered bonds this week with Münchener Hypothekenbank pricing the tightest 10-year deal ever while Bankia priced a 10 year with one of the widest spreads seen this year.

Mandated lead arrangers and bookrunners Crédit Agricole, Natixis and Société Générale have begun placing a €400m loan to support a Chinese conglomerate's buyout of Club Méditerranée.

Outdoor clothing retailer AS Adventure has booked a Friday bank meeting for its €245m acquisition loan, with price talk reflecting investors’ wariness of retail borrowers.

French insurance broker Siaci Saint Honore launched its €285m acquisition loan this morning (Wednesday) and will guide pricing at a Monday bank meeting.