Santander

The UK Debt Management Office built its largest ever order book for a syndicated bond on Tuesday, but bankers away from the deal felt it was the trade’s timing that was particularly impressive.

Abengoa, the Spanish renewable energy company, suffered yet another unsteady trading session on Thursday over revelations in a leaked KPMG report of a €250m cash deficit.

The UK Debt Management Office built its largest ever order book for a syndicated bond on Tuesday, when it printed a deal with the longest duration in its conventional Gilt portfolio.

Energía & Celulosa (Ence), a Spanish producer of eucalyptus pulp and biomass energy, opened a roadshow on Wednesday for €250m of bonds, in a high yield market that bankers see as slowly reviving.

Bank of Ireland and Caja Rural Unidas issued this week’s only two covered bonds from Europe’s periphery, both offering attractive concessions.

European and US banks paid up this week as they unleashed a torrent of dollar supply amid improving market conditions.

The UK Debt Management Office has named banks for its latest 50 year syndicated bond.

The UK's Football Association has signed a £300m refinancing agreement with banks to replace a previous facility it used to build Wembley Stadium.

UK real estate company Grainger has refinanced an existing £120m facility, reducing the margin by 85bp.

The Republic of Poland printed an impressive €1.75bn six year bond on Wednesday with a skinny new issue premium, adding to the pile of successful CEEMEA bonds printed this week.

Poland has released price guidance for a six year euro benchmark at a level which bankers away from the deal said offers a reasonable new issue premium.

Santander fell victim to market spasms this week, pulling a dollar trade amid extreme volatility.