UniCredit

Deutsche Hypothekenbank, NordLB’s commercial real estate subsidiary, opened books on Monday for its first Pfandbrief of the year. This is the first time for more than four years that a German issuer has priced a deal in the second half of July but leads still attracted a heavily oversubscribed order book.

Net4Gas, the Czech gas transmission system operator, launched its first bond on Thursday, raising €460m with a two tranche deal.

Maire Tecnimont, the unrated Italian company that builds large hydrocarbon and chemical plants, will issue its first bond after a roadshow.

Borrowers' continued confidence in the leveraged loans market is affecting deal structure, with private healthcare operators Générale de Santé and Quirón structuring their respective €1.1bn and €2.15bn deals to target term loan ‘B’s to banks, who usually prefer the amortising payments of term loan ‘A’s.

Grupo Hospitalario Quirón, the Spanish private hospital operator, has launched a €2.15bn loan to back its merger with rival chain Idcsalud, owned by CVC.

Food oil firms Creative Group and Kernel are greasing the way for Ukraine's syndicated loan market to reopen, after violent unrest that began in March caused just $11m of loans to be signed last quarter.

Paper and packaging company Mondi has signed a deal to extend the maturity of a €750m revolving credit facility from 2016 to 2019.

Europe’s corporate bond market was knocked sideways on Thursday by a gust of fear about peripheral Europe, after problems deepened at Portugal's Banco Espírito Santo. The market has not shut down, but ACS, the Spanish construction company, pulled a deal and no issuer managed to price tighter than its initial thoughts.

The Inter-American Development Bank took advantage of strong demand for dollar paper this week to sell its largest dollar benchmark, while Bank Nederlandse Gemeenten also visited the market, suggesting that appetite remains robust despite many investors getting ready to embark on summer holidays.

Italian defence contractor Finmeccanica has signed a €2.2bn revolving credit facility, €200m smaller than the 2010 facility being refinanced.

Three issuers launched covered bonds this week with varying results, which suggested that the converging trend between core and peripheral Europe has stalled. Banca Monte dei Paschi di Siena (MPS) struggled to attract anything like the demand seen in its previous covered bond as Portuguese woes outweighed the programme’s rating upgrade into investment grade territory.

Italian defence contractor Finmeccanica has signed a €2.2bn revolving credit facility, €200m smaller than the 2010 facility being refinanced.