Société Générale

Société Générale has appointed a new global head of infrastructure finance with nine year's experience in infrastructure project financing at the French bank.

Aroundtown Property Holdings, the German-focused property company, raised €300m on Tuesday, as it launched, upsized then closed a convertible bond in the last full week before Christmas.

Russian steel company Evraz raised $750m from a bond that was printed tight to secondary levels on Thursday as it benefited from huge pent up demand for Russian corporate paper, even in a volatile market for metals and mining firms.

Repsol, the Spanish oil producer, issued a €600m five year 2.125% bond on Wednesday, in a torrid week for commodity markets, to finance a buyback of some Talisman Energy bonds.

Legrand, the French electrical fittings manufacturer, issued a €300m bond on Wednesday, carving out a successful trade in the face of frantic activity.

Goodyear Dunlop Tires, the US tyre maker, issued €250m of eight year senior notes on Wednesday. The notes are rated Ba1/BB, with a coupon of 3.750% and non-call protection of three years.

Legrand, the French electrical fittings manufacturer, issued a €300m bond amid busy action on Wednesday, carving out its own success in the face of frantic activity.

Russian steel company Evraz has set the yield on a long five year benchmark at 8.25% area, a level that bankers away from the deal said was roughly in line with where he calculated fair value for the bond.

Repsol, the Spanish oil producer, issued a €600m five year 2.125% bond today, in a torrid week for commodity markets, to finance a buyback of some Talisman Energy bonds.

Corporate bond bankers are busy, for this time of year. While they are usually up for doing deals, it is clear investors, too, are in no hurry to close their books for the year, but are keen to buy paper, despite the let-down of the European Central Bank’s lukewarm QE boost last week.

Corporate treasurers across Europe will be thanking Daimler today, as the German car maker took the lead on Tuesday and showed that the bond market is wide open for deals.

India’s Reliance Industries has selected a group of 13 lenders for a $1bn loan that will refinance a borrowing raised in 2010.