News content

Unilever, the UK-Dutch consumer goods company, highlighted growing demand for short dated bonds and FRNs on Wednesday, when it gathered a hefty order book at arguably no new issue premium for a three year floater.

Commerzbank said on Wednesday that it had exercised the over-allotment option for Sixt Leasing’s Frankfurt listing, increasing the deal by €24.26m.

Massimo Zanetti Beverage Group, the Italian coffee company, is set to close its IPO on Thursday May 28, though it has only recently reached full coverage, and no revised price guidance has been given yet.

Air Liquide, the French producer of industrial gases, returned to the bond market on Wednesday after a one year absence, and won a strong order book, enabling it to pay a minimal new issue premium.

Retail Estates on Tuesday sold about 880,000 preferential subscription rights in an accelerated private placement to shed the part of a rights issue that its shareholders had not bought up.

A tantalising glimpse of a final resolution to Greece’s negotiations with its creditors sent periphery eurozone yields plunging on Wednesday, ahead of an Italian auction on Thursday.

A Nordic agency is set to tackle the 10 year part of the dollar curve — a tenor SSAs have largely shunned so far in May.

The European Financial Stability Facility enjoyed a calmer euro market compared to the last few weeks with its second benchmark this month on Wednesday — but still opted for a defensive tenor.

Holcim and Lafarge have accepted an offer letter from CRH of Ireland to buy €6.5bn of their assets. CRH will issue €1.9bn of bonds in the next six months as part of the financing package.

BSN Medical, the German bandage maker, has won a strong response to its new term loan 'C', and has decided to cut pricing on both that and a pre-existing term loan 'B'.

International Airlines Group, owner of British Airways and Iberia, will use a €1.4bn loan to finance its cash offer of the same size for Aer Lingus.

Nexans, the French cable manufacturer, said on Wednesday it wanted to issue €250m of high yield notes to refinance €212.6m of convertible bonds maturing on January 1 next year.