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Two Italian companies have announced plans for debt buybacks, with Finmeccanica and Telecom Italia both expected to complete tender offers next week.

The UK’s Debt Management Office will have a little less work to do this financial year after it cut its 2015-16 target by £14bn on Wednesday.

European high yield borrowers have pushed out many of their maturities beyond 2018 and face low needs to refinancing in the short term, according to a research paper published by Moody's on Wednesday.

Pemberton Capital Advisors, a UK asset manager, has won €547m of commitments for a fund that will lend to mid-market companies in the UK and Europe, adding another player to this increasingly crowded market.

European Investment Bank has printed in Ecoop format for the second day in a row, as conditions improved for eurozone periphery sovereign issuers — aside from Greece.

Switzerland-headquartered engineering group Cavotec has increased its revolving credit facilities to €95m, saying it will use the additional funds to support mergers and acquisitions and growth.

Standard Chartered’s Renminbi Globalisation Index (RGI) fell for a second consecutive month, to 2,145 in May from a revised 2,150 in April. But the bank said it would pick up in the second half of the year.

French home building company LMA unseated supranationals and agencies to be the most active Euro-commercial paper issuer in the first half of this year, printing 75% more than in the same period of 2014.

Volkswagen Financial Services China on Wednesday priced a Rmb1.9bn (€283m) auto ABS transaction, the second renminbi ABS for the parent group.

Credit Suisse has made a strategic move into the Samurai market and is marketing a multi-tranche yen denominated bond.

Bank St Petersburg (BSP) was one of two Russian borrowers to complete a tender offer this week, and debt bankers expect the Russian asset liability management sector to stay busy in the coming months.

The Austrian subsidiary of Steinhoff International, the South African furniture retailer, has issued an inaugural Schuldschein for €650m, the second largest of the year.