Société Générale

CPI Property, which owns real estate in Berlin and central and eastern Europe, entered Tokyo’s Pro-Bond market on Friday, raising ¥11bn ($97m) across three and 10 years tranches.

Fosun Tourism Group, a subsidiary of Chinese conglomerate Fosun International, is being spun-off and has started bookbuilding for its HK$4.28bn ($547.19m) Hong Kong IPO.

Austrian oil and gas company OMV sold its first senior corporate bonds of 2018 on Monday after it attracted €3.9bn of demand for a pair of €500m notes with five year and 10 year tenors.

French postal operator La Poste saved the corporate bond market in Europe from registering a blank week when it sold its first green bond last Friday. On Wednesday, Deutsche Post followed its peer’s lead by announcing a deal with the same tenor.

Edenred, the French operator of employee benefit schemes, discovered on Thursday that investors still have cash to put to work in the corporate bond market, even though eight deals had been priced in the first three days of the week and the end of the year is in sight.

Borealis, the Austrian petrochemicals maker, sold its largest corporate bond tranche on Wednesday. The deal came two days after Austrian oil and gas company OMV, which owns more than a third of Borealis, had issued its own dual tranche deal.

Mercuria Energy Group bagged a bigger-than-expected $1.35bn from its latest annual revolver in Asia, after 36 banks joined the deal.

Private equity firms Bain Capital and Cinven are financing their purchase of a further 28.3% stake in Stada Arzneimittel, the German pharmaceutical group, in the euro leveraged finance markets this week, and are having to contend with investors who are in a risk-averse mood.

French postal operator La Poste saved the corporate bond market in Europe from registering a blank week when it sold its first green bond on Friday. Despite the negative sentiment that had pervaded the market throughout the week, the company paid a new issue concession at the lower end of the range paid by deals the previous week.

Bankers in the corporate bond market still have a number of deals on their pads to try to execute ahead of the end of 2018. None was successful this week, but that hasn’t dented their ambition.

Solarpack Corp Tecnologica, the Spanish solar power generation company, has begun bookbuilding for its €101m IPO on the Spanish Stock Exchanges after the deal prospectus was approved by market regulator CNMV on Tuesday.

Société Générale followed BPCE into the covered bond market on Tuesday, also taking the opportunity to pre-fund ahead of what many market participants expect to be a busy start to 2019.