Santander

Swedish Covered Bond Corp (SCBC) and Bankinter issued €750m covered bonds this week, but after record issuance, their limp receptions may cause others to postpone funding plans.

Bunzl, the unrated FTSE 100-listed distribution and outsourcing company, has issued a $600m US private placement, agreed last week.

Santander’s dollar senior holdco deal became the latest casualty of investors' growing risk aversion this week, and pressure is growing on those still looking to issue debt by the end of the year.

UK property firm Hammerson has signed a €1bn revolving credit facility to buy a €1.85bn loan portfolio from Ireland’s National Asset Management Agency.

A dollar denominated senior unsecured deal from Santander has become a casualty of investors' growing risk aversion, as higher beta FIG paper suffers in secondary.

The message from market participants at the Euromoney/GlobalCapital Corporate Summit in Paris on Monday was clear: private placement investors need to go global.

Banco Popular Español (BPE) and Caja Rural de Castilla-La Mancha (CRCLM) issued Cédulas this week that were barely subscribed and relied heavily on demand from the European Central Bank.

The tug of war over the Spanish renewable energy company Abengoa ended on Thursday, with the founding family caving in to at least some of its banks' demands, in return for their underwriting a €650m capital increase.

Banco Santander has set out plans to boost its common equity tier one ratio to 11% by 2018. It comes as Spanish banks make noticeable improvements to their capital bases across the board.

Troubled Brazilian shopping centre owner General Shopping Brasil has launched a heavily discounted tender of its 10% senior perpetual notes in an effort to reduce its dollar debt, although Fitch says that a debt restructuring is “likely to occur in the near future”.

Two state owned corporations, La Poste and Adif Alta Velocidad, this week avoided paying the wider new issue premiums that many corporate issuers have been forced to concede.

Troubled Brazilian shopping centre owner General Shopping Brasil has launched a heavily discounted tender of its 10% senior perpetual notes in an effort to reduce its dollar debt, although Fitch says that a debt restructuring is “likely to occur in the near future”.