Bank of America

Two equity block trades were launched in Europe on Thursday night, despite the ever-dwindling hopes of resolution to Greece’s debt crisis. Remarkably for such a day of political stress, the Euro Stoxx 50 spent part of the day in the green and ended exactly flat.

Heinz’s jumbo bond backing its acquisition of US foods group Kraft topped off the dollar market’s best ever quarter and half-year for high-grade corporate issuance.

Kennedy Wilson Europe Real Estate issued £300m of seven year bonds on Wednesday, dividing market opinion. Some bankers said the deal looked cheap and poorly supported.

The competition in the investment grade loan market this week was merciless, as Santander was announced as the third and final lender in IAG’s €1.4bn loan to buy Aer Lingus.

Turkey has opened the gates for its second stream of annual bank refinancings, just as the year’s first wave is ending, with Akbank back in the market for a loan.

British Airways has completed refinancing $1.25bn of credit facilities and has increased the loans to $1.75bn.

The fourth accelerated bookbuild in China Cinda Asset Management Co this year was completed even as Greece’s seemingly never-ending debt drama raged on, with Standard Chartered Financial Holding raising HK$1.64bn ($211.29m) from a sell-down on June 24.

Indian mortgage lender Housing Development Finance Corp is wrapping up a $500m club loan with a group of five banks. The borrowing comes close on the heels of a $300m pre-funded four year facility for HDFC that launched into general only in May.

Kennedy Wilson Europe Real Estate raised £300m of seven year bonds on Wednesday, but divided market opinion, with some bankers saying the deal looked cheap and poorly supported.

Ahold and Delhaize, the Dutch and Belgian food retailers, will not assume new debt for their all-equity merger. But with combined syndicated credit facilities of €1.4bn, there is room for refinancing ahead.

Korea Resources Corp (KoRes) has successfully secured an additional funding of $120m with a tap to its existing notes, while China SCE Property opened books for its first outing to the dollar bond market in two and a half years.

Standard Chartered Financial Holding is offloading a 3% stake in China Cinda Asset Management Co that could raise up to HK$1.67bn ($215m), the fourth accelerated share sale in the company this year.