Natixis

Dutch insurer NN Group enjoyed a favourable reception for its debut senior print on Wednesday, shaking off any concerns about a weaker secondary market to attract a comfortable oversubscription.

Faurecia, the French car parts supplier, sold its €500m unsecured bond on Tuesday to yield 3.125%, joining a parade of high yield cost-saving refinancing issues in March.

Euro covered bond issuers launched benchmarks this week and showed the unrelenting momentum in the compression of spreads has continued unabated.

Survitec, the UK survival equipment provider, allocated its £250m acquisition loan late last Friday (February 27), reverse flexing to more borrower-friendly terms for the second time.

A jump in green bond issuance and investment over the last few years has led to a group of high profile investors to call for the industry to develop global uniform standards. But with the buyside divided over how to classify green bonds and the need for more rules, progress is expected to be slow, writes Christina Khouri.

The bank’s acquisition of Banca Leonardo’s French M&A operations is a game changer, writes David Rothnie.

Madrid has raised 15 year cash with its second bond in as many weeks — and the borrower’s sovereign could break its yield record at a similar tenor on Thursday.

Survitec, the UK survival equipment provider, allocated its £250m acquisition loan late on Friday, reverse flexing to more borrower-friendly terms for the second time.

Six European covered bond borrowers launched deals worth a total €5bn this week and, despite setting new spread records, all were easily digested and performed well.

UniCredit issued its inaugural conditional pass through covered bond on Thursday flat to where it would have priced a deal from its soft bullet programme.

Foncia, the French property management firm, has launched a €270m add-on to acquisition debt from its leveraged buyout by Bridgepoint in 2011.

UK survival equipment provider Survitec is aiming to allocate its £250m loan on Friday, as investors review the deal’s documentation.