UniCredit

KazMunaiGas International, the Amsterdam-headquartered oil refining and trading company formerly known as Rompetrol Group, has signed a $200m five year term loan to refinance debt.

South Korea's Hankook Tire has obtained a €120m three year loan arranged by a quartet of Hungarian banks for its plant in Rácalmás, Hungary.

Borealis, the Austrian chemicals and fertiliser producer, has refinanced its €1bn five year revolving credit facility, originally signed in 2012, pushing the maturity out to 2019, with an additional two year extension option.

Covered bond issuers priced 10 benchmark sized deals this week, raising €11bn on the back of an aggregate €26bn of demand. Average order book sizes were boosted after the European Central Bank announced last week its intention to proceed with a third covered bond purchase programme.

Aareal Bank capitalised on the momentum created by the two successful French deals issued through mid-swaps on Monday and Tuesday by bringing forward plans to issue a euro-denominated Pfandbrief. It opened books on a three year deal on Wednesday rather than waiting until next week.

Delachaux - Co-op Pharmacy - Corialis - Averys - HSE24 - WMF - Cheminova

HSE24, the German shopping television channel, is marketing a €314m loan to refinance debt and pay a €94m dividend to its sponsor, Providence Equity.

The heavy flow of European corporate bond issues that bankers have been predicting for September began in earnest today, showing that the market’s strength has been no idle boast. Investors swallowed five roadshowed deals in euros and sterling and Vodafone launched a two tranche issue without warning. All were gobbled down with ease.

Santander and UniCredit reopened the door to the additional tier one market this week only to find what lay behind it was a very different dynamic from the one borrowers experienced before summer. An expected burst of supply is on the way and historically low coupons are causing investors to shy away from the AT1 from major European banks.

Corialis - KKR's Finedining Capital - Douglas Holding

Wednesday would have been the busiest day for European corporate bond issuance since the August break, even without Sanofi’s €3bn stormer.

UniCredit looks set to confirm that a sea change is afoot in the additional tier one (AT1) market, as it prepares to print its first euro denominated deal in the format in line with initial price thoughts and with what is likely to be a book smaller than €2bn.