Société Générale

French automotive equipment supplier Faurecia on Tuesday printed a €200m tap of its €500 3.125% senior unsecured bond, then it returned to the high yield market for €100m more.

Cassa Depositi e Prestiti tightened pricing on a bond by 10bp-15bp on Tuesday — but bankers on and off the deal said such a wide move was necessary given the market environment.

France's Veolia Environnement has issued a 12.8 year bond as part of a liability management exercise.

Poland printed its new 12 year note with a 0.875% coupon on Monday, making a big saving on where it priced a 2024 at 3% last January.

Bayer, the German pharmaceutical company, has issued a €1.3bn 60 year non-call 7.5 year hybrid bond, as its hybrid issued in 2005 approaches its first call date.

Trafigura Beheer, the Dutch commodities trading group, has refinanced its flagship revolving credit facilities and increased the loan from $4.7bn to $5.3bn.

The high yield market's selectivity towards new issues, despite the bullish pressure of quantitative easing, was highlighted again on March 27 when Touax pulled its deal.

Bulgaria has repaid a $1.5bn bridge loan to banks after issuing the largest ever euro bond from an emerging market sovereign earlier this month.

Poland on Monday announced a €1bn 12 year note, its first euro-denominated offering since January 2014.

UK broadcaster Sky has issued its first floating rate note, a €600m five year.

Société Générale has given seven of its bankers the title of senior banker, meaning they are top of the coverage tree for their business lines.

The spate of very large and strategic block trades has continued this week, with sales of stock in Accor, Dassault Aviation, the London Stock Exchange and Havas, totalling an expected €5.2bn.