UK rolling stock lessor Porterbrook Rail has offered £520
million (€628 million) of bonds to investors today (4 June),
bringing total corporate bond sales in Europe to €2.8 billion this
week, 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 €2.1 billion.

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

Claire Hack