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UK metals recycler Eco-Bat Technologies will price a larger than expected Eu250m 10 year payment-in-kind (PIK) bond today (Friday) to yield 10% area.

Bankers in London reported a steady flow of investor enquiry in the EuroCP market this week. Total new issuance for the week finished on $55.8bn at the close of play on Wednesday.

The Dominican Republic finished a fortnight of bondholder meetings this week, during which it aired the possibility of including a two year coupon capitalisation in its restructuring of $1.1bn of Eurobonds.

Euronext has mandated ABN Amro, Barclays, BNP Paribas, Calyon, HSBC, Morgan Stanley, SG CIB and UBS to arrange the debt financing for its potential bid for the London Stock Exchange.

Lunar New Year celebrations across Asia on Wednesday this week meant that there have been no new international bond issues since last Friday — but a clutch of tantalising rumours has got Asian debt capital markets bankers looking ahead with eagerness to the period after the holiday.

Euro Disney completed its Eu253.35m capital increase this week, although the success of the issue will not be known until next week as a result of French market regulations.

Euronext on Wednesday continued its campaign for the takeover of the London Stock Exchange, giving details of its proposed bid for the exchange. Euronext did not go so far as to announce an offer price for the LSE, but instead concentrated on why it would make a better partner than rival bidder Deutsche Börse.

A clutch of European banks reported good results this week, suggesting that many investment bankers, well into bonus season, should start putting down the deposit on that place in the sun already.

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SA Home Loans this week tapped the international asset backed markets for the first time with its fifth securitisation of residential mortgages, closing oversubscribed to domestic accounts, and one European buyer. The group is already planning to market its second deal this year to European investors, taking advantage of the rabid European appetite for assets offering either diversity or spread. Investors in Thekwini 5, priced by JP Morgan for SA Home Loans on 7 February, were split between conduits and asset managers on the domestic market and one Greek investor.

Dutch leasing firm Athlon this week provided one of the most striking examples of how far surging demand has slashed tiering between different European asset backed securities.