Société Générale

Ooredoo, one of the largest telecommunications firms in the Middle East and Africa, is refinancing a $1bn three year revolving credit facility, according to two bankers.

Ceské dráhy, the 100% state-owned Czech national railway operator, launched its €400m seven year bond on Wednesday after tightening price guidance twice.

After the extremes of recent weeks, with enormous order books and sometimes negative new issue premiums, Europe’s corporate bond market has reached a steadier cruising speed this week.

Swiss chocolate manufacturer Barry Callebaut was on Tuesday five times subscribed on a bond offering after testing European investors’ palates during a five day roadshow.

DP World, one of the world’s largest port operators, has mandated nine banks for a dollar sukuk and is looking to price the deal next week.

Citi and Société Générale met with healthy receptions for their respective senior unsecured transactions on Tuesday, as issuers piled into the market following the close of the first quarter earnings period.

Maisons du Monde, the French furniture retailer, launched its IPO bookbuild on Monday, with UK, Dutch and South African companies as the main comparable stocks. On Thursday, the leads said the deal was covered.

The IPO of Philips Lighting, though smaller than some bankers had expected, has got off to a good start, achieving coverage on Tuesday night, after the bookbuild began on Monday.

Redes Énergeticas Nacionais, the Portuguese electricity and gas transmission grid operator, said on Monday that it will issue new bonds after completing a tender of outstanding notes.

Spanish property developer Metrovacesa on Friday printed a €700m deal, winning a healthy order book that proved the European corporate bond market still has legs despite heavy supply.

ASIT Biotech, a Belgian company developing remedies for allergies including hay fever, priced its IPO on Wednesday, raising €23.5m, and made its debut on Euronext Paris and Brussels on Thursday.

Spain made a storming entrance to the 50 year benchmark club this week, lending weight to the possibility that the tenor could become a more common maturity as eurozone rates scrape along at record low levels.