UBS

Cabot Financial, the UK distressed consumer debt collector, is marketing its third high yield bond. The Gbp175m of senior secured seven year notes will replace a bridge loan signed to finance Cabot’s takeover of peer Marlin Financial Group.

Swiss travel agency Bravofly Rumbo launched a €120m IPO on Wednesday, as a run of IPOs jump in before the Easter break.

Promsvyazbank sold $100m of privately placed seven year subordinated bonds on Friday via Goldman Sachs, ING and UBS, the same banks that were last month mandated to arrange a public subordinated dollar deal for the Russian bank.

Rallye, the unrated French holding company that owns 49% of Casino, the French supermarket chain, and 90% of retailer Groupe Go Sport, launched a bond issue today that investors jumped on, relishing its 4% yield. The €300m issue was increased to €500m.

Virgin Media underlined its credit quality and the strength of its owner Liberty Global by issuing a three tranche high yield bond with 10.75 year and 15 year maturities on Friday.

IT outsourcing business iGate is seeking to raise $325m of senior unsecured notes. The deal is being run from the US but is also being marketed to European investors.

Anima Holdings launched an €600m IPO on Monday, as the asset management firm hopes to lure investors with the rare promise of southern European financial institution exposure without the worry of banks' troublesome balance sheets.

ANZ became the first Australian bank to print an offshore Basel III-compliant bond when it priced an $800m tier two bullet this week.

ISS, the Danish facilities services company, traded up on its first day on the Copenhagen stock exchange on Thursday, after completing the largest Danish IPO since 2010 with a Dkr8.1bn ($1.5bn) offering.

The heyday of the Spanish Cédulas market may be long gone with the product presenting something of a rare commodity in the primary market these days, especially at the long end of the curve. But this week investors got their chance to buy when CaixaBank issued Spain’s second only covered bond of the year and the second only 10 year in two years, even though the issuer admitted it did not need the funding.

Over €10bn of orders proved inadequate insurance against a shift in sentiment this week as the tightest additional tier one debt deal yet — KBC Group’s €1.43bn perpetual non-call five — widened in secondary trading. The pullback followed the deal emerging even further inside 6% than its landmark predecessor.

Virgin Media, the UK cable TV, mobile and fixed line telephone and internet group, has announced its first bond issue since the financing for its takeover by US cable investment group Liberty Global in February 2013. The deal is set to be the largest sterling high yield issue of 2014 so far.