Santander

K+S, the German potash processor and mining group, launched on Thursday its first bond since losing its investment grade ratings.

Shares in Neinor Homes, the Spanish home builder owned by Lone Star Funds, closed 3% above their IPO price on Wednesday after it made its debut in Madrid, in a show of investor confidence in the economic recovery in Spain.

French cable manufacturer Nexans launched a €200m bond on Wednesday, bringing back the bookrunners on a bond sale it had to cancel two years ago — but this time, the market was ‘diametrically different’, said bankers.

Chatter about the 'Trump Dump' as investors lose confidence in US economic stimulus may be intensifying, but it has not produced the equity correction predicted, and capital markets in Europe are ploughing ahead, unfazed by the UK's triggering of Article 50 on Wednesday.

Instituto de Crédito Oficial brought some rare short dated euro paper to the market on Monday, as it raised €500m with a long three year deal that drew heavy interest from investors outside Spain.

Banks were forced to pay higher new issue concessions to get deals done as concerns about President Donald Trump’s ability to deliver on his legislative agenda hit global markets.

Another day, another €1.5bn of high yield bond offerings was what Tuesday’s deals from Aramark, Anglo American and Arrow meant for a European market awash with double-B rated paper. But too much of a good thing is putting off some traditional high yield buyers.

Spearhead International, a central and eastern Europe based agriculture company, has signed its first syndicated loan for €167m.

Shares in Prosegur Cash, the Spanish cash handling company, closed 3.75% higher in Madrid after it made its stockmarket debut on Friday, having priced its IPO at the top of its revised price range on Thursday.

The IPO of Neinor Iberica, the Spanish property developer owned by Lone Star Funds, is oversubscribed at its fixed price of €16.46 on the first day of its bookbuild.

Two more IPOs of significant size were announced this week in Western Europe, and with four weeks to go until the start of the Easter holidays, they are likely to be the last of this IPO season to be launched.

BNP Paribas Fortis issued Belgium’s first covered bond of the year on Thursday, taking advantage of the strong market conditions that followed Dutch elections to price a €500m seven year with a tiny new issue concession.