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With just a month to go before travel retailer Dufry’s convertible bond matures, the Swiss company has launched an offer to allow noteholders to convert the bonds early.

Illinois Tool Works, the US machinery and components maker, issued its third euro bond on Tuesday, taking what bankers away from the deal judged a “conservative” approach by selling eight and 15 year tranches.

BMW issued its first public sterling bond of the year on Tuesday, achieving an attractive arbitrage against euros for a long five year maturity, according to bankers away from the deal.

Rexel, the French maker and distributor of electrical supplies, is roadshowing a €500m high yield bond that will refinance a dollar bond and be used for general business needs.

Spain’s nine month borrowing costs dipped below 0% at auction for the first time on Tuesday, as eurozone government bonds enjoyed strong demand in the secondary market during the morning.

The public sector dollar bond pipeline for Wednesday is filling up, with a series of issuers set to follow a three year dollar benchmark from the European Investment Bank on Tuesday.

Two shareholders in Spain’s Distribuidora Internacional de Alimentación (DIA) have exited the supermarket chain in a €408.5m block trade.

Market makers and investors have asked the UK’s Debt Management Office to look far along the curve for its next syndication.

KfW has opened books on its first Kauri bond, a trade that has been years in the making, according to lead bankers on the deal.

Strong markets at the start of the week tempted Simon Nixon, founder of MoneySuperMarket.com, to have another go at selling a chunk of the company, less than two months after a failed attempt.

The Italian equity capital market was at the centre of a big liquidity event on Monday, May 18, thanks to CVC Capital Partners raising €203.2m from an increased sale of shares in credit information provider Cerved.

One of HSBC's co-heads of Asian equity capital markets has left the firm, GlobalCapital Asia understands.