UniCredit

Two European IPOs reached conclusions on Friday, March 31. That of Ambea was heavily oversubscribed, while UniEuro's had to be shrunk and restructured to get it over the line.

Credit Bank of Moscow reopened the new style tier two market for Russian issuers in style on Wednesday with a $600m deal that was five times subscribed.

Saipem, the Italian oil and gas engineering group, entered the high yield bond market on Wednesday, backed by a return to profit and rising oil prices, in a deal set to attract the company’s home crowd.

Russian Railways, a regular issuer in the bond market, has made a return to syndicated loans by signing a $420m club deal at the end of last week, according to a banker on the trade.

Hochtief, the German construction firm, has raised €500m with a Schuldschein issue, more than triple the €150m it initially sought, as domestic and international investors welcomed a favourite issuer back to the market.

UK luxury sports car maker Aston Martin will hit the road for a senior secured deal in sterling and dollars on Friday to repay bonds coming due next year.

German auto parts maker Adler Pelzer Group drove into a European high yield bond market already loaded with offerings from other six borrowers on Wednesday, but it stood out as a rare chance for investors to buy a single-B rated bond.

Volkswagen stormed back into bonds on Thursday for the first time since its emissions test cheating scandal 18 months ago. And the €8bn blowout that paid investors a chunky premium to allay their fears about the company is just the start of the firm’s market rehabilitation, writes Michael Turner.

UniCredit has named Andrea Maffezzoni head of strategy and M&A, a role formerly occupied by Marina Natale.

The heightened prices Turkey's banks are having to pay to refinance loans has attracted more banks to the latest syndication, a €100m deal for Isbank AG.

UniCredit’s former head of group finance Waleed El-Amir has left the bank to join advisory boutique Evercore.

Halkbank became the latest Turkish bank to throw its hat into the tier two ring on Wednesday, announcing plans for a three day roadshow in the US and UK.