UK rolling stock lessor Porterbrook Rail
has offered £520m (€628m) of bonds to investors today (4 June),
according to reports.

The sale is said to have saved issuance
from falling to the lowest ever in Europe this week, after a record
low in the week beginning 16 May.

Prior to this, deals from Air Liquide,
the world’s largest producer of industrial gases, and state-owned
German rail company Deutsche Bahn, on 2 and 3 June, had failed to
keep issuance from heading towards a total short of €2.1bn.

Derby-based Porterbrook reportedly
priced two portions of bonds with different maturities, although it
is believed an official announcement has yet to be made.