UniCredit

National Grid North America on Wednesday continued a run of euro issuance by US companies by issuing a €750m seven year bond.

The European high yield market on Tuesday keenly accepted the first triple-C rated deals of the year: a buyout financing bond from Swiss carton maker SIG Combibloc and a refinancing issue for Norske Skog, the paper company.

Danube Foods Group, the Serbian packaged foods conglomerate, is raising a €300m loan to back its buyout by Mid Europa Partners.

Ford Credit Europe Bank, the US car maker’s European financing vehicle, found plenty of demand for a €650m three year floating rate note and a €650m seven year fixed rate bond on Tuesday.

German rented housing company Deutsche Annington has syndicated a €6.25bn bridge loan for its takeover of Luxembourg-based rival Gagfah. It is the largest real estate facility since 2008, according to Dealogic, but DA may only need a fraction of the facility.

Host Europe, the German online hosting provider, expects to close books for its £535m loan for the acquisition of Intergenia by the middle of this week, after the consent process for the deal took longer than expected.

Italy’s Servizi Assicurativi del Commericio Estero (SACE) made a last minute appearance in last week’s primary FIG market, pricing a €500m perpetual non-call 10 year subordinated bond at 25bp lower yield than initial price thoughts were set at, despite uncertain secondary markets.

Altice on January 30 achieved a successful sale for its €4.8bn-equivalent bond package backing its takeover of Portugal Telecom.

GTech, the Italian gambling equipment maker, completed an €800m term loan on Friday last week, the day before Standard & Poor’s and Moody’s downgraded it to junk.

OVS, the Italian clothing retailer, has begun investor education for an IPO, which could involve about €350m of new shares being issued, as well as a smaller amount of secondary stock. They could add up to as much as 49% of the stock being listed.

OVS, the Italian clothing retailer, has begun investor education for an IPO, which could involve about €350m of new shares being issued, as well as a smaller amount of secondary stock. They could add up to as much as 49% of the stock being listed.

Italian oil and gas company Eni shrugged off any concerns around falling oil prices to issue a €1bn 11 year bond on Tuesday that was five times subscribed.