UniCredit

Survitec, the UK survival equipment provider, allocated its £250m acquisition loan late last Friday (February 27), reverse flexing to more borrower-friendly terms for the second time.

Rating: Ba1/BB/BB

Croatia's €1.5bn 10 year bond drew praise for a tight result but also criticism for having released initial price guidance too wide.

Croatia has tightened talk for its 10 year euro-denominated bond to 270bp area over mid-swaps, as the book for the deal climbed to past €5bn.

Survitec, the UK survival equipment provider, allocated its £250m acquisition loan late on Friday, reverse flexing to more borrower-friendly terms for the second time.

Six European covered bond borrowers launched deals worth a total €5bn this week and, despite setting new spread records, all were easily digested and performed well.

The Italian state sold a 5.74% stake in power company Enel through a €2.2bn block trade over Wednesday night. It was very punchily underwritten and the leads were left long - but said they were happy.

Constantia Flexibles, the Austrian food packaging company, cut margins on its €1.15bn leveraged loan for the second time since hitting its deadline for commitments.

UniCredit issued its inaugural conditional pass through covered bond on Thursday flat to where it would have priced a deal from its soft bullet programme.

The Italian state sold a 5.74% stake in power company Enel through a €2.2bn block trade over Wednesday night. It was very punchily underwritten and the leads were left long, but said they were happy.

Croatia has picked four banks to arrange a euro-denominated bond. The roadshow for the deal starts on Monday.

Prosafe, a Norwegian company which operates semi-submersible accommodation vessels called flotels, has raised $1.3bn of loans to refinance $1.5bn of debt.