NatWest Markets

Goodman European Logistics Fund (Gelf) priced a €400m seven year bond in a crowded market on Friday, but managed to stand out enough to get a €1bn book.

Beijng Infrastructure Investment has been a regular in the offshore debt market this year, and printed its third bond on November 13. But there was a strategy behind its frequent appearances, the first two testing the water ahead of a much larger trade this time around.

Sterling investors got a rare treat on Thursday from Yorkshire Building Society, which re-entered the tier two market for the first time in years, building a four times oversubscribed book.

Yorkshire Building Society is set to sell its first tier two bond in years, building a substantial book for a £250m 10 year non-call five year.

Beijing Infrastructure Investment is looking to cement its place in the international market by tapping it for the third time this year. But unlike its previous attempts, the company has now opted for a slightly funkier structure via a dual-tranche offering on November 13.

CNP Assurances benefited from a lack of insurance supply when selling a perpetual tier two deal on Wednesday, setting the stage for other insurers to tap the market over the coming week.

Beijing Infrastructure Investment Hong Kong is due to kick off a series of investor meetings as it seeks buyers for its maiden offshore dollar bond to finance its capacity expenditure and general corporate purposes.

On Friday Nestlé extended by a year €5bn five year revolving credit facility it had signed in October 2013. The Swiss foods producer also replaced a €5bn-equivalent short term facility with a new facility of €6bn.

Alliance Automotive, the French-UK car parts distributor, is set to issue €325m of high yield bonds to refinance its acquisition by Blackstone and the company's founders from Weinberg Capital Partners in August.

Reliance Jio Infocomm’s $1.5bn dual tranche loan that opened in September has received around $280m in commitments from five lenders during general syndication. At least five more banks are processing approvals for the loan and the deadline for commitments has been extended to November 24 to allow them to come in.

Ireland took a firm step towards joining the eurozone core this week by extending its curve to 15 years with a bond that market participants said was the clearest sign yet that it was pulling away from the rest of the periphery. But the gap between Europe’s top borrowers and weakest names may be about to narrow further very soon. This could be in response to moves by European Central Bank president, Mario Draghi, who opened the door a little further to full blown quantitative easing.

Gambling equipment provider GTech SpA and its subsidiary GTech Corp have completed a $2.6bn five year multicurrency revolving facility in dollars and euros.