NatWest Markets

Daimler has tapped the sterling bond market for a £250m six year trade, the latest in a steady line of names from the auto sector to do so in a maturity below the market's preference.

Tim Skeet, head of covered bond origination, has been put at risk of redundancy at Royal Bank of Scotland.

Cooper, the French pharmaceuticals distributor, has priced the term loan ‘B’ for its acquisition by Charterhouse at 475bp over Euribor, with an original issue discount of 99.5, the wide end of initial talk that began at 450bp.

Legal & General Investment Management, the UK asset manager, which has been involved on the fringes of the private placement market for some years, is making a concerted push to increase its activity, with the hire of a former banker at Royal Bank of Scotland.

Royal Bank of Scotland has signed up three buyside firms to fund a planned expansion of its UK mid-market private equity origination business. AIG Asset Management, Hermes and M&G are all entering the sector for the first time, and will have privileged access to new originations from the British bank.

General Electric has terminated an agreement to sell its appliance business to Swedish household appliance producer Electrolux, toasting bankers' plans to provide bridge financing.

Aegon Bank issued its first covered bond on Tuesday, a €750m five year conditional pass through (CPT).

Danone returned to the corporate bond market on Monday for the second time this year, with a €750m 8.5 year bond.

CRH, the Irish building materials group, breezed through the new issue market on Wednesday with a deal of more than €1bn in euros and sterling.

BMW has kept its bond issuance going apace in the past fortnight, since it returned to the market for the first time after the Volkswagen emissions cheating scandal.

Coopération Pharmaceutique Française, the French pharmaceuticals distributor known as Cooper, has bank meetings scheduled on Wednesday for more than €350m of new debt for its leveraged buyout by Charterhouse.

BMW has kept its bond issuance going apace in the past fortnight, since it returned to the market for the first time after the Volkswagen emissions cheating scandal.