NatWest Markets

Pittsburgh-based glass and industrial coatings company PPG issued a €1.2bn dual tranche euro bond today, its first since 2005.

Noble Group, a supplier of commodities, was expected to send out term sheets to its relationship banks for a borrowing of $3bn on March 6.

RBS has hired Peter Duenas-Brckovich as head of EMEA credit trading.

Michigan-headquartered Whirlpool, which makes kitchen and bathroom appliances, issued a €500m five year bond on Thursday.

Barclays, RBS and Standard Chartered have explained how they plan to meet new total loss absorbing capital (TLAC) rules — although the rules are not yet finalised and will not come into force until 2019.

Hindustan Petroleum Corp’s (HPCL) $400m 39 month facility has entered general syndication. The deal is being led by seven banks that will prefund the money this month.

German cable company Unitymedia has continued its refinancing run in robust fashion, pricing €700m of 12 year non-call six senior unsecured bonds at 3.75% on Monday.

Moody’s issued a €500m 12 year bond on Friday, its first in euros, crowning a week in which US issuers dominated the European bond market.

A £340m seven year term loan ‘B’ for Sky Bet is trading up in the secondary market, despite investor pushback during its syndication.

Borrowers partied in dollars this week as a lack of supply and an attractive euro/dollar basis swap combined to allow them to print at attractive levels at the short end.

Sir Howard Davies will replace Philip Hampton as chairman of Royal Bank of Scotland, the bank confirmed as part of its results announcement on Thursday.

Royal Bank of Scotland announced on Thursday that it will sell around £2bn of additional tier one capital in 2015, as it reported its seventh consecutive annual loss.