UniCredit

Douglas Holding, the German perfumery chain, has enlivened the leveraged loan market this Monday, launching a €1bn deal that will contribute to its buyout by CVC.

Shares and rights of the two Italian banks going through recapitalisation rights issues made big moves again on Thursday, but bankers believe the deals for Banca Monte dei Paschi di Siena and Banca Carige will still succeed.

Schenck Process became the latest casualty of the levfin buy side this week, as investors stood firm on the borrower's aggressive €605m leveraged loan deal.

CMA CGM, the French shipping group, raised €175m on Tuesday by tapping its €550m senior unsecured bond, sold on Wednesday last week, when it abandoned a planned dollar tranche.

Despite a shortage of deals, leveraged loan investors are winning some battles against aggressive borrowers. The latest casualty is Schenck Process Group.

The second of Italy’s big bank rights issues this year has begun — the €850m issue for Banca Carige.

Bankers are eagerly awaiting a second course of international Russian loans in June to follow Uralkali’s April starter, and this week two more borrowers emerged to whet the appetite.

MarketAxess, the fixed income electronic trading platform, data and post-trade services provider, has hired veteran credit trader Scott Eaton as its chief operating officer for Europe.

Yorkshire Building Society mandated leads for a roadshow on Wednesday to market a euro denominated benchmark covered bond, the issuer’s first in a year.

Muenchener Hypothekenbank returned to covered bonds for the second time this year to fill out its curve with an eight year deal. The bond size was increased following strong demand, partly driven by the recent rise in Bund yields.

CMA CGM, the French container shipping company, has ditched the dollar tranche from its planned €715m-equivalent high yield bond issue and just raised €550m in euros.

Metalloinvest, the Russian iron miner, has obtained a €267m export credit agency agreement from international banks, but is still in talks on a separate syndicated loan.