Société Générale

The FIG market could be set for a spate of issuance from the eurozone’s periphery in the coming weeks, with bankers tipping other financial institutions to follow Spanish pair CaixaBank and Ibercaja into the primary market.

Orange Switzerland on Thursday priced below guidance a four tranche, dual currency Sfr2bn bond that includes a Sfr150m dividend for its new owner, Xavier Niel’s fund NJJ Capital.

ZF Friedrichshafen is preparing to launch its long-awaited first public bond, to refinance its acquisition of TRW Holding of the US last year.

Société Générale reaped the rewards of nipping into the dollar market ahead of first quarter earnings blackout with a $1.5bn tier two deal which attracted huge demand and enjoyed tight pricing.

Noble Group, a commodities supplier that launched a $2.25bn fundraising recently, is fending off further criticism of its financials and debt levels, with research firms Muddy Waters and GMT having issued new reports on the company.

Siaci Saint Honoré, the French insurance broker, has tightened pricing on a €285m acquisition loan and is due to allocate the facility today (Friday).

Commercial property investor Unibail-Rodamco this week launched four simultaneous straight bond and equity-linked transactions, which included the sale of a new, negative-yielding, and highly popular convertible deal.

Commodities trader Gunvor Singapore has mandated six banks to lead its latest $550m financing, which is split into a one year and a three year. The roadshow schedule for the transaction shows the leads are hoping to secure Middle Eastern liquidity for the oil trader.

Noble Group, a commodities supplier, has launched into general a $2.25bn financing that is being led by a 15-strong group of banks.

After a late rush from several sovereign borrowers, CEEMEA international bond volumes finished the first quarter of the year at $32bn from 44 deals, almost on par with Q1 2014s $34.7bn via 39 deals.

A pipeline of financial institution deals is assembling following the Easter break, with ING hitting the road for its additional tier one deal in three continents and Achmea announcing a senior unsecured transaction.

French satellite group Eutelsat has refinanced €800m of loans with a syndicate of nine.