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Pennon Group, the UK water, sewerage and waste management company, raised £100.3m on Thursday with a 3% equity capital increase to finance the acquisition of Bournemouth Water.

Morocco’s sole international corporate bond issuer returned for its second ever benchmark deal this week. The firm found size and tight pricing, printing a $1bn 10.5 year note well inside its secondary curve, said bankers on the deal.

Wells Fargo launched its first sterling bond issue in over two years on Wednesday, showing the appeal of euro funding for US banks has faded since January.

Abbey National and Länsförsäkringar Hypotek both priced seven year euro deals this week. The non-eurozone issuers played well to investors both in terms of yield and maturity.

Spain highlighted on Thursday the retracement in yields since the launch of eurozone quantitative easing, as it paid to borrow at pre-QE prices.

Nordic Investment Bank’s choice of Swedish kronor for the week’s third socially responsible bond paid off on Thursday as Transport for London announced plans to make it four.

Kommunalbanken on Thursday printed its longest ever dollar benchmark. Demand was strong enough for it to tighten pricing from the initial price thoughts level.

KfW sold its longest dated euro syndication in eight years on Thursday, establishing a new pricing point on its curve.

German building materials manufacturer Xella laid out price guidance for a loan extension and refinancing add-on at a bank meeting today.

Bahrain’s Ahli United Bank has mandated Goldman Sachs, HSBC and Morgan Stanley to arrange a tier one dollar bond.

Alcatel-Lucent's credit default swap spread has tightened sharply since news of its merger with rival telecoms equipment maker Nokia broke on Tuesday. Nokia’s spread, meanwhile, has recovered almost fully from an initial widening.

Vakifbank has mandated Wells Fargo to lead a consortium of international banks for a 367 day loan, in a break from other Turkish banks' recent offerings of 364 day and 367 day tranches.