Bank of America

Delta Lloyd, the Dutch insurance firm, received shareholder approval on Wednesday for a rights issue to strengthen its solvency, after a bitter fight with some of its investors, who publicly criticised the planned deal.

Senvion, the German wind turbine maker, pulled its €700m IPO on Wednesday morning, after a difficult bookbuild that failed to deliver a covered book.

Moody’s has released figures reflecting just how poorly leveraged finance in Europe fared in February, with loan issuance falling 70% from January's high.

There has been €6.5bn of euro FIG supply across most asset classes in the first two sessions this week, with issuers riding a turnaround in sentiment after the European Central Bank announced more monetary stimulus last week.

Hyundai Motor Company has kicked off the sale of approximately 4.9m shares in Korea Aerospace Industries, which could net it W348.5bn ($292m).

South Korea’s Kia Motors Corp is finally looking to make a comeback to the dollar bond market after an absence of five years and has mandated banks to prepare a proposed 144A outing.

Kommuninvest was able to price $600m of March 2019 paper at the tight end of initial price thoughts on Tuesday, making it the largest ever green bond from a Nordic issuer.

Western Digital, the US computer data storage manufacturer, had bank meetings Wednesday in London for its $9.5bn loan package, backing its $17bn acquisition of SanDisk.

Bank of America Merrill Lynch has hired Fredrik Reinfeldt, the former prime minister of Sweden, as senior advisor to its EMEA business.

Delta Lloyd’s largest shareholder continues to oppose the Dutch insurance company’s planned rights issue, which it said on Monday was “massively dilutive” and would “unnecessarily overcapitalise the company at the expense of shareholders”.

The $400m loan for South Africa's Investec Bank will be oversubscribed, despite the bank being put on review for a downgrade, according to a banker on the deal.

Bank of America Merrill Lynch has promoted a new head of global capital markets from its leveraged finance division.