UniCredit

Turkey’s state-owned Ziraat Bank on Monday morning took orders of $1.25bn to print its second senior trade of the year in what bankers said was a notably softer market.

CPI Property, a big owner of real estate in central and eastern Europe, took to euros for its first international bond on Wednesday, and in doing so priced the biggest ever real estate bond from the region.

Automotive finance companies rarely issue corporate bonds with tenors longer than four or five years, due to the assets they need to fund. This week, however, three of them sold five year bonds.

ING is planning to bring on a director of leveraged capital markets from Société Générale early next year.

Both investment grade corporate bond new issues on Wednesday came from French issuers. Surprisingly, Total issued its first euro bond of 2017, while PSA Banque France sold its second.

Varta AG, the German maker of micro-batteries for hearing aids and wireless headphones, has resurrected its plans for an IPO, after posting record earnings in the first half of 2017.

Last week saw the revival of a once glorious tradition; the spurious big bank M&A rumour. The trigger was an article suggesting UniCredit had approached the German government about buying Commerzbank, which was followed, in short order, by a suggestion that BNP Paribas was the preferred suitor.

Tuesday proved to be hybrid day in the European corporate bond markets with Aroundtown tapping its dollar hybrid bond for €200m while German electric utility, RWE, announced it was tendering for up to €550m equivalent of its own equity-like debt.

Volkswagen Leasing brought its second euro corporate bond deal of 2017 on Monday. The €2.25bn dual tranche offering took Volkswagen’s total issuance this year to €17.25bn. This is more than twice as much as General Electric, the next highest issuer by volume.

Turkey’s state-owned Ziraat Bank on Monday morning took orders of $1.25bn of its second senior trade of the year.

The €350m IPO of GIMA TT, the tobacco packaging machinery division of IMA, is covered throughout its price range and is expected to be priced near the upper end.

Irish aircraft lessor Goshawk is eyeing up a return to the Schuldschein market, less than a year after its $95m debut last October.