Natixis

The US FIG market returned to normality after the deluge of the previous week’s supply subsided.

Covered bond issuers priced 10 benchmark sized deals this week, raising €11bn on the back of an aggregate €26bn of demand. Average order book sizes were boosted after the European Central Bank announced last week its intention to proceed with a third covered bond purchase programme.

The covered bond market passed another milestone this week with Caisse Française de Financement Local (Caffil) and Compagnie de Financement Foncier (CFF) attracting book sizes that were reminiscent of the high yielding peripheral transactions seen a year ago, but at spreads well through mid-swaps.

Lagardère, the unrated French media group, returned to the bond market on Wednesday with a successful €500m issue that showed how it has repositioned its credit as an investment grade issuer.

Lagardère, the unrated French media group, returned to the bond market today after a two year absence with a successful €500m issue that showed how it has repositioned its credit as an investment grade issuer.

Delachaux, the French industrial company, has launched a €765m loan that will refinance debt and enable it to pay a dividend to shareholders.

The subordinated debt market for European financials was back in full swing with four deals out on Monday morning boosted by the European Central Bank's policy decisions made last week.

Europe’s corporate bond market burst into full scale action on Wednesday, after two weeks of sporadic new issuance. A €3bn deal from Sanofi, the French pharmaceuticals company, was joined by €1bn from Toyota Motor Credit Corp, €500m from property company Foncière des Régions and yet another small deal from Volvo (see separate stories).

Europe’s corporate bond market burst into full scale action today, after two weeks of sporadic new issuance. A €3bn deal from Sanofi, the French pharmaceuticals company, was joined by €1bn from Toyota Motor Credit Corp, €500m from property company Foncière des Régions and yet another small deal from Volvo (see separate story).

Ask LatAm DCM bankers about their competition, and Natixis is not the first name on many lips. But the head of the French bank’s one year-old Latin America platform reckons 12 months of solid progress making a mark on the lending league tables have put the institution in a good position to make the most of recent hires across several product areas.

Natixis posted solid results on Thursday as it reported a 26% increase in net income, and confirmed the close of its ‘bad bank’ GAPC at the end of June.

Générale de Santé, the French private healthcare provider, allocated its €1.1bn acquisition loan on Tuesday after cutting the margin on the term loan ‘B1A’ to 350bp over Euribor.