Santander

Water management provider Suez Environnement on Thursday launched the only deal of the day, a €500m note that printed with a small new issue premium.

William Hill, the UK bookmaker, will begin a roadshow on Friday for its benchmark sterling bond, indicating an estimated deal size of between £250m and £300m.

US biopharmaceutical firm Johnson & Johnson on Wednesday issued a four tranche bond, including 19 year notes, amid much competition in a market that absorbed 17 deals this week.

The UK’s LSL Property Services has extended its existing £100m credit line to May 2020.

Spain showed that a 50 year euro benchmark is not just the preserve of core eurozone sovereign issuers on Wednesday and had plenty of leftover demand to suggest that Italy could follow with a half century bond of its own.

Santander Consumer Finance launched its third deal of the year on Wednesday, raising €750m in five year senior funding.

Uncertainty regarding the outcome of the US Federal Open Market Committee’s (FOMC) meeting in June drove public sector borrowers to target the short end of the dollar curve this week, said bankers.

Spain has nipped in ahead of its eurozone periphery peer Italy, mandating banks for a debut 50 year euro benchmark on the same day that the Community of Madrid had a strong showing at the short end and Greek yields rallied across the curve.

The Community of Madrid is preparing its first syndicated bond in a year, as the Republic of Italy considers following the lead of France and Belgium by publically issuing a 50 year bond.

French motorways operator Autoroutes du Sud brought a €500m no-grow bond to the market on Wednesday, drawing in a €2.2bn order book.

With Ascension Day putting a cap on activity in euro-denominated bonds, the sterling market glided into action as Travis Perkins issued a £300m deal.

Spanish car parts maker Gestamp on Wednesday priced a €500m secured bond to redeem all of its old euro notes at first call.