UBS

Australian gaming products company Aristocrat Leisure plans to market its $1.3bn seven year senior secured term loan to US investors. The company is raising the money to fund its acquisition of US gaming operator Video Gaming Technologies and to refinance debt.

Rob Ellison will join the UK bank as head of global banks, reporting to Ed Thurman, head of financial institutions relationship management.

Corialis, the Belgian aluminium products group, launched its €483m acquisition loan on Tuesday afternoon and will market the deal at a bank meeting on Thursday.

Poland printed a seven year Swiss franc deal on Wednesday. The issuer visited the market — its first time since May 2012 — to refinance a five year bond in the currency set to redeem later this month, according to bankers in Zurich.

Metropolitan Life hit screens with a trio of senior unsecured deals on Wednesday morning, looking to print in euros, Australian dollars and Swiss francs. Strong appetite for insurance company paper is expected to assure the issuer of a warm reception for its trio of deals.

After a botched deal in January, China’s Powerlong Real Estate Holdings is back in the dim sum market, opening books for a Rmb1.5bn ($244m) three year paper on September 10. Gone is the issuer’s previously aggressive approach to pricing: the new deal is coming at a huge discount to its existing curve.

Origin Energy, the Australian electricity and gas group that issued an innovative hybrid capital bond in euros in 2011, returned to the market on Monday with a much more conventional — and hence, in the present climate, crowd-pleasing instrument.

Belgian aluminium supplier Corialis will launch its €483m loan by Wednesday this week to avoid clashing with another borrower’s bank meeting.

The subordinated debt market for European financials was back in full swing with four deals out on Monday morning boosted by the European Central Bank's policy decisions made last week.

Australian gaming products maker Aristocrat Leisure is eyeing the US market for a $1.3bn seven year senior secured term loan. The company plans to use the money to fund its acquisition of US gaming operator Video Gaming Technologies and to refinance debt.

Santander and UniCredit reopened the door to the additional tier one market this week only to find what lay behind it was a very different dynamic from the one borrowers experienced before summer. An expected burst of supply is on the way and historically low coupons are causing investors to shy away from the AT1 from major European banks.

The wave of acquisition financings kicked off this week as Marathon Petroleum exploited the recent sharp rally rates and caught investors in eager mood following the August lull.