NatWest Markets

Rabobank expanded its funding base with a £50m one year floating rate note that it sold to an investor that had never before bought paper from the borrower.

Tank und Rast, the German motorway services company, has softened a margin cut it is seeking on two tranches of a €1.45bn loan, after pushback from funds.

The offshore renminbi market continues to attract new borrowers with a pair Chinese companies preparing to make their debuts in the currency.

CMB Financial Leasing, a subsidiary of China Merchants Bank, opened up a $150m three year term loan into syndication on June 18.

Coventry Building Society drew more than £3.25bn in investor demand as it issued a unique — and likely its only — additional tier one capital deal, in move that could open the door for other mutuals to raise regulatory capital efficiently.

Eurobank on Thursday became the last of Greece’s big four banks to return to the capital markets after the country’s 2010 bailout. While the deal didn’t reach the blowout heights of some of its predecessors, it was received favourably and concluded a strong week of senior issuance that saw Dutch bank ING grab a hefty order book at an aggressive level.

Wm Morrison Supermarkets, the UK’s fourth largest supermarket chain, is preparing to issue a bond, after a period of bad publicity, when its results and strategy have been attacked by shareholders and in the press.

Webhelp, the French call centre operator, intends to add €120m to an existing €275m loan from June 2013.

Coventry Building Society is out with its innovative debut additional tier one, looking to raise £400m in deeply subordinated capital that would convert to equity-like core capital deferred shares (CCDS) that won’t exist unless the building society’s common equity tier one ratio falls below 7%, according to investor materials seen by GlobalCapital.

Charterhouse - Grupo Memora

Royal Bank of Scotland and broker dealer Close Brothers chose to hit the senior market before Wednesday afternoon’s Federal Open Markets Committee meeting, selling euro and sterling debt respectively. Both deals benefited from juicy spreads over swaps, according to syndicate bankers away from the trade.

Coventry Building Society, which on Monday began a roadshow for a sterling denominated additional tier one, is set to become the first issuer of AT1 bonds that will convert to an equity-like instrument that have not yet been issued.