Natixis

Gecina, a French real estate investment trust, priced a €500m seven year senior unsecured bond at 92bp over mid-swaps on Wednesday.

Gecina, a French real estate investment trust, priced a €500m seven year senior unsecured bond at 92bps over mid-swaps on Wednesday.

German insurer Talanx appeared out of the blue on Wednesday in the senior market, taking advantage of improved sentiment and settling spreads with a £500m no-grow 12 year bond that was priced with an attractive new issue premium and continued to trade well in secondary markets.

Borrowers' continued confidence in the leveraged loans market is affecting deal structure, with private healthcare operators Générale de Santé and Quirón structuring their respective €1.1bn and €2.15bn deals to target term loan ‘B’s to banks, who usually prefer the amortising payments of term loan ‘A’s.

German insurer Talanx appeared out of the blue on Wednesday in the senior market, to take advantage of improved sentiment and settling spreads with a £500m no-grow 12 year bond.

Ghana's national cocoa board Cocobod is garnering interest from banks new to its lending group as the Friday response deadline approaches for its $1.6bn annual pre-export finance facility.

Générale de Santé, the French private healthcare group, has announced price guidance and covenant terms on the €1.75bn of loans backing its takeover by Ramsay Santé.

Europe’s corporate bond market was knocked sideways on Thursday by a gust of fear about peripheral Europe, after problems deepened at Portugal's Banco Espírito Santo. The market has not shut down, but ACS, the Spanish construction company, pulled a deal and no issuer managed to price tighter than its initial thoughts.

Private healthcare group Générale de Santé will hold a bank meeting this week for a €1.1bn loan to back its takeover by Ramsay Santé.

Three issuers launched covered bonds this week with varying results, which suggested that the converging trend between core and peripheral Europe has stalled. Banca Monte dei Paschi di Siena (MPS) struggled to attract anything like the demand seen in its previous covered bond as Portuguese woes outweighed the programme’s rating upgrade into investment grade territory.

French hotel chain B&B Hotels has allocated a €175m senior secured loan that will refinance existing debt.

Private healthcare group Generale de Santé will hold a bank meeting this week for a €1.75bn loan to back its takeover by Ramsay Santé.