Natixis

Vakifbank has launched its €500m bond to yield 3.65% — the tight end of guidance and inside its own dollar curve.

Gates Global - Sport Group - Intralot - Homair Vacances

Danske Bank’s first covered bond of the year offered an attractive spread relative to its Nordic peers, making it a straightforward sell for its lead managers. But even so, the final pricing level was just one third of Danske’s differential against top tier Swedish covered bonds issued a year ago.

Albioma, the French renewable energy generator, has joined the growing number of companies using Euro private placements to fund, but MTN bankers are unsure whether forthcoming standardised documentation for the Euro PP market will cut into their business.

Yorkshire Building Society issued its first euro issuance in four years and the second only UK deal in euros on Wednesday. Bankers said it offered a generous spread to fellow UK names but that it was justified.

BBVA returned to the covered bond market for the first time in more than a year on Wednesday with a 10 year Cédulas that attracted 115 investors into the book. The coupon paid was the lowest ever for a 10 year in the history of the Spanish market.

Carlyle Group has mandated Natixis and Société Générale to arrange financing for its potential acquisition of a majority stake in France's Homair Vacances.

With the growth of floating rate note issuance in Europe recently, it is perhaps surprising that RCI Banque, the finance arm of Renault, had not yet joined the trend. But the revival of FRN investors’ appetite, in terms of size, credit quality and maturity, has been fairly recent, making now the right time to bring RCI, bankers said.

Air France-KLM is preparing to issue a new bond, just as Ryanair, an airline that is in many ways from the other end of the spectrum, is also roadshowing for its first ever bond.

French insurer CNP Assurances highlighted the scale of demand for sub debt from insurance companies on Tuesday, drawing a monster order book for its first deal in almost a year.

A growing sector of the medium term note market could receive an extra injection of diversity, after a new report from Moody’s this week predicted that swingeing cuts to French local and regional governments’ budgets will increase debt levels.

The primary covered bond market is set to pick up next week, with deals from issuers in the UK, Germany and New Zealand in the offing. Yorkshire Building Society announced its intention to go on the road and bring its first euro deal in five years, Westpac New Zealand has said it also launch a roadshow next week to market the first covered bond since the country enacted a legal framework and Dexia Kommunalkreditbank is set to return with its first deal since 2011.