Santander

French supermarket group Casino Guichard-Perrachon made the most of a quiet week in the investment grade bond market when it priced a €900m 12 year bond on Wednesday at 125bp over mid-swaps, needing almost no new issue premium to bring in €2.6bn of orders.

French supermarket group Casino Guichard-Perrachon made the most of a quiet week in the investment grade bond market when it priced a €900m 12 year bond on Wednesday at 125bp over mid-swaps, needing almost no new issue premium to bring in €2.6bn of orders.

UK firm Imperial Tobacco has signed a $13.19bn-equivalent loan to back its acquisition of brands including Winston and Maverick from Reynolds American.

Chilean telecoms company Entel will meet investors from Monday to Wednesday ahead of a planned 144A/Reg S bond of up to $800m.

Europe’s corporate bond market was knocked sideways on Thursday by a gust of fear about peripheral Europe, after problems deepened at Portugal's Banco Espírito Santo. The market has not shut down, but ACS, the Spanish construction company, pulled a deal and no issuer managed to price tighter than its initial thoughts.

Ferrovial, the Spanish company that calls itself the world’s leading private investor in transport infrastructure, issued a €300m 10 year bond on Tuesday, in a tough market.

Galp Energia, the Portuguese oil and gas company, issued on Monday its first bond since November, and was able to tighten the pricing to a slim new issue premium despite cool markets.

Carrefour, the French supermarket group, launched its first bond issue on Monday for over a year. Despite markets being weaker than last week, the deal attracted a much bigger book than any of last week’s issues.

Chilean state copper company Codelco priced its debut euro-denominated bond issue inside where it could have priced a dollar deal on Wednesday, according to a banker on the deal, as European corporate buyers jumped at the chance for some EM-flavoured yield.

Chilean state copper company Codelco became the latest in a run of EM issuers to debut in euros on Wednesday, taking advantage of strong demand for yield and a beneficial basis swap to price inside where it could have priced a dollar bond, according to a banker on the deal.

Chilean copper company Codelco has set the final spread for the a 10 year euro issue at 93bp over mid-swaps, inside the 95bp-100bp range indicated earlier on Wednesday. The deal’s size is indicated at around €500m, but has not been set, said a syndicate official.

Odebrecht’s oil and gas arm reopened recently issued perpetual notes on Tuesday, taking advantage of a strong market to raise another $150m in an opportunistic trade.