Natixis

BPCE declared that investors had been given enough of a break from seven year supply on Wednesday, and it found demand undiminished in the market’s sweet spot.

Labeyrie Fine Foods, the French seafood and foie gras business, wants to sell some €275m of debut bonds.

Olam International, a supplier of agricultural products and food ingredients, is seeking a loan of around $900m and is due to mandate banks at the top level soon.

The European market will have to wait. After talk that Ceva Santé Animale, the French maker of veterinary vaccines, would raise the first euro-only covenant-lite leveraged loan since the financial crisis, it has now emerged that the €700m transaction will also include a dollar tranche.

Landesbank Baden-Württemberg (LBBW) returned to the covered bond market on Monday to issue a €500m 15 month Pfandbrief. The short dated funding was driven by the issuer’s asset liability matching needs and provided cheaper funding than it could have found in the money markets.

The European market will have to wait. After talk that Ceva Santé Animale, the French maker of veterinary vaccines, would raise the first euro-only covenant-lite leveraged loan since the financial crisis, it has now emerged that the €700m transaction will also include a dollar tranche.

The Islamic Development Bank has given initial price thoughts of mid to high 20bp over five year mid-swaps for a benchmark dollar sukuk.

Casino Guichard-Perrachon, the French supermarket group, launched its first bond of the year on Friday, after announcing strong full year results on Tuesday last week.

Commodities companies are keeping loans bankers busy in western Europe, as UK broker ED&F Man joined Amsterdam Commodities and Trafigura in the market.

The covered bond primary market lived up to supply expectations this week with five issuers tapping the market in the first two days of the week. BNP Paribas stood out, showing the strength of its brand, and the market, by pricing the tightest French covered bond deal of the year.

Veneto Banca was attempting to transform a €350m three year deal from January into a benchmark trade with a tap on Wednesday, as the sub-investment grade credit made its third visit to the public senior unsecured market in the last six months.

GazTransport & Technigaz's (GTT) €675m IPO was covered on Tuesday, the day after bookbuilding began. Bankers hoped the deal could capture demand as investors move towards defensive stocks.