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The European Financial Stability Facility passed a tricky test in euros on Wednesday — but bankers were divided over whether it had opened the market for others.

French media group Lagardère has refinanced a €1.25bn credit facility and replaced one of its relationship banks.

FedEx has obtained a €2bn loan to buy its European competitor TNT Express, but will also finance the deal with balance sheet cash.

Flint Group, the Luxembourg-headquartered UK provider of products and supplies for the printing and packaging industries, is seeking a price cut on a €1.5bn-equivalent loan.

DP World shook off turbulent markets on Tuesday to take a $3bn book for its $500m trade. While the borrower may have been pushed to issue to avoid blackout, pricing still came inside the borrower’s existing curve.

Belfius Bank is now the sixth bank in the capital deal pipeline, and there is growing concern that persistent rates volatility will make it hard for them to avoid running into each other in the primary market.

China General Nuclear Power Corp (CGNPC) managed to price a $600m 10 year deal this week, despite launching with a fairly aggressive price guidance. Investors were undeterred by the tactic which allowed the borrower to price inside fair value.

The Egyptian Electricity Holding Co is oversubscribed on a loan to build power stations, said bankers on the deal.

Weak German GDP figures helped drive a bid for Bunds on Wednesday morning, bringing a degree of stability after two weeks of volatility in eurozone government bonds.

Drug research firm Syngene International has started gauging investor interest for its $100m-$150m IPO on the Indian Stock Exchange with the offering expected to hit the market in June.

Four lenders have joined Joint Stock Commercial Bank for Investment and Development of Vietnam’s (BIDV) $100m loan during the senior phase. The deal is now open in general syndication and comes at a time when banks are eager to book sovereign-backed Vietnamese assets, while dealflow from southeast Asia is lacklustre.

Rates volatility has slowed the stream of CEEMEA new issues, but some borrowers are still finding their way through to market. Middle East Dubai’s DP World, the world’s fourth biggest shipbuilder, managed such a feat this week.