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Klöckner Pentaplast, the German plastic film maker, has accelerated syndication on a €831m-equivalent loan in euros and dollars, designed to refinance debt and pay its shareholders a dividend.

UBS, Bank of America Merrill Lynch and JP Morgan are tonight selling a 1.34% stake in Abertis Infraestructuras, the Spanish construction and concessions company, to hedge a derivative transaction with Obrascon Huarte Lain.

Solairedirect, the French solar power developer and asset manager, began the bookbuild on Thursday for its Paris IPO, which it hopes will value the company at €375m to €444m, as it seeks to quicken its installation of solar parks.

Covered bond supply surged this week with investors piling into deals that offered little new issue concession and negative spreads, leading to concern that an inflection point was at hand.

There was a very interesting moment for Leak this week when sifting through the responses from MTN bankers asking about voting in this year’s Bond Awards.

Top Right, the UK information and events group owned by Apax, has allocated its £435m-equivalent refinancing loan with a small change to the deal’s dollar tranche.

A three year tap from Commerzbank this week highlighted diverging appetite for German senior financial debt.

BayernLB printed the fourth German dollar covered bond of 2015 on Tuesday. Short dated Pfandbrief issuers are being forced into dollars as issuing in euros would result in negative yields.

Investors were eager to buy German media company Bertelsmann’s €1.25bn debut hybrid bond on Thursday, and it achieved tight pricing.

Some senior unsecured FIG borrowers in euros were met with a less than stellar response from investors this week.

Albaraka Türk — Danube Food — Xella — Pets at Home

Türkiye Sinai Kalkinma Bankasi (TSKB) sold a $350m five year bond with a 15bp new issue concession on Wednesday. Other Turkish banks are looking for their own issuance opportunities.