Santander

The senior unsecured market saw a spark of life despite the holiday shortened week, with €4.66bn equivalent getting away in two business days.

Dufry, the Swiss travel retail operator, has launched a term loan of up to €800m to finance its acquisition of World Duty Free. It will mainly be syndicated to relationship banks.

The spark of life was seen in the senior unsecured market on Wednesday, with Credit Suisse’s senior unsecured bond, issued from its holding company, quickly achieving blowout status during the bookbuilding process.

Dufry, the Swiss travel retail operator, is assessing how it will use the capital markets to finance its €3.6bn cash acquisition of World Duty Free, announced on Monday.

Swiss travel operator Dufry is set to launch around €1.5bn of loans and bonds backing its €3.6bn acquisition of World Duty Free after the Easter weekend.

French automotive equipment supplier Faurecia on Tuesday printed a €200m tap of its €500 3.125% senior unsecured bond, then it returned to the high yield market for €100m more.

Talgo, the Spanish train manufacturer, looks set to finally launch its Madrid IPO, four years after first floating the idea.

The AA’s traditional investors on Friday helped the UK car breakdown insurance company price £735m of class ‘B’ notes inside price guidance.

Poland printed its new 12 year note with a 0.875% coupon on Monday, making a big saving on where it priced a 2024 at 3% last January.

Dufry, the Swiss travel retail operator, will look to raise at least Sfr2.2bn (€2.1bn) from a rights issue funding its takeover of World Duty Free, over half of which is secured by three cornerstone investors.

Dufry, the Swiss travel retail operator, is assessing which capital markets to use to finance its €3.6bn cash acquisition of World Duty Free, announced this morning.

Land Securities, the UK’s largest listed commercial property company, has signed a five year loan for £1.3bn with two new banks in the syndicate.