Bank of America

The recent run of Turkish loans continues with Garanti concluding a deal on Friday and Ulker set to sign on Monday.

Indian high yield issuers are really starting to make their presence felt with another two – Reliance Communications and Lodha Developers (LDPL) – planning to meet investors for what could be would be their debuts in the offshore dollar market.

Privately owned US-based power company ContourGlobal is preparing to issue a 144A/Reg S bond via its Peruvian subsidiary Energía Eólica, just three months after it started operations at the two largest wind farms in Peru.

Syndication for the $3.2bn portion of Tata Steel’s $5.6bn borrowing is progressing well, with the deal already receiving $750m worth of commitments, said a banker. Nine banks have committed so far and a handful more are expected to join before close.

BBVA raised €2bn of fresh equity on Wednesday evening, to finance its acquisition of a 14.89% stake in Turkey’s Garanti Bank — taking its stake in the bank to 39.9%. The €2bn will pay for the whole stake.

Two US blue chips issued a combined €4.8bn of bonds a day apart this week, demonstrating the euro market's attractiveness to US issuers and its capacity to absorb large amounts of paper. Bankers expect more US companies to dive in soon, while the swap market remains favourable.

AT&T, the US's largest telecoms company, returned to the euro bond market on Thursday, a day after technology firm IBM, this time with a whopping €3.8bn three tranche deal.

Yildiz Holding, the Turkish food manufacturer, has announced details of the debt package that will back its buyout of United Biscuits, in advance of a London bank meeting on Friday.

Fomento de Construcciones y Contratas's shareholders approved a €1bn capital increase at an extraordinary shareholders meeting on Thursday in Barcelona, allowing the Spanish building and environmental services company to begin restructuring a €4.5bn loan.

High-grade issuers swamped the dollar market in the early part of the week trying to get in before Alibaba’s debut $8bn offering on Thursday while expecting a deluge of M&A related financings.

Fresenius Medical Care, the US subsidiary of German global healthcare group Fresenius, is closing books on a $4.2bn refinancing loan this week, offering margins at a level more familiar to investment grade borrowers than those in the double-B pocket.

Heavyweight borrowers Citigroup and Westpac Banking Corp printed deals tailored to capture investor preference for short-dated paper in the US market this week.