UniCredit

German aircraft engine manufacturer MTU Aero Engines issued a €500m seven year convertible bond on Wednesday to refinance a previous vanilla bond more cheaply.

Escaping the €1.5bn sole underwriting commitment to Banco Popolare di Vicenza, through the establishment of the Atlante rescue fund, cost UniCredit around €118m in capital, according to the bank’s first quarter numbers.

KfW is back in the green bond game, after mandating banks for what Dealogic data shows will be its longest dated deal in the format yet.

Uncertainty regarding the outcome of the US Federal Open Market Committee’s (FOMC) meeting in June drove public sector borrowers to target the short end of the dollar curve this week, said bankers.

Airbus’s defence electronics unit has launched a €425m term loan ‘B’ backing private equity firm KKR’s €1.1bn acquisition of the business.

The €640m loan for German hardware manufacturer Stabilus will include a €115m bridge to equity facility.

French motorways operator Autoroutes du Sud brought a €500m no-grow bond to the market on Wednesday, drawing in a €2.2bn order book.

UniCredit has appointed Filippo Pappalardo as head of Americas multinationals.

The world’s largest salt producer, K+S AG, has signed its first Schuldschein, a €600m deal.

The failure of the IPO of Banca Popolare di Vicenza leaves full responsibility for the bank’s future with the hastily put together Fondo Atlante — and is a poor omen for the listing of Veneto Banca, due to roll forward after a shareholder meeting this week.

Daimler’s thirst for euro denominated debt was on show once again on Tuesday as it tapped the market for a €3.25bn triple tranche deal, the third time this year it has used the structure.

KommuneKredit and the State of North Rhine-Westphalia (Land NRW) joined NRW.Bank in lining euros deals on Tuesday in a week bankers had expected to be hobbled by holidays.