Bank of America

UK biscuit maker United Biscuits has given guidance on the currency split of the £760m-equivalent term loan ‘B’ slice of its leveraged buyout by Yildiz.

Reliance Jio Infocomm’s $1.5bn dual tranche loan that opened in September has been allocated among 26 lenders, 11 of which joined during general syndication. Thin pricing did not stop Taiwanese, Japanese and Middle Eastern lenders from piling into the deal, as it gave them a chance to form a relationship with India’s biggest private sector company.

BBVA is raising €2bn of fresh equity this 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.

Fresenius Medical Care, the US subsidiary of Fresenius SE, is closing books on a $4.2bn refinancing loan today, offering margins at a level more familiar to investment grade borrowers than double-B credits like Fresenius.

Informa, the UK business-to-business publishing and events group, launched a cash box placing on Tuesday morning, hoping to raise about £275m to fully fund an acquisition of Hanley Wood Exhibitions, a US events business, which was announced simultaneously. Informa got the deal done, but only raised £207m after some top shareholders said they preferred a smaller deal.

Fomento de Construcciones y Contratas, the Spanish building and environmental services company, is close to reaching agreement with its creditors on a debt restructuring, according to a spokesman for the company.

Shui On Development raised $500m via a bond sale as the borrower continues a year-long liability management exercise.

Feiyu Technology International Company, a Chinese mobile game developer, is gauging investor appetite for a Hong Kong IPO of around $100m and is predominantly targeting Asia to drive the trade.

Publicis Groupe's $3.5bn loan for its acquisition of Sapient, the marketing and consulting company, is near closing, according to a banker working on the deal. A syndicate of relationship banks has been invited.

CGN Power started pre-marketing its IPO of around $3bn on Monday, November 17, as the company prepares to take the gong for the second-largest Hong Kong listing of this year.

[First published 06.15, November 17, 2014. Updated with the final price.] Shui On Development came back to the dollar bond market on Monday in what has been a busy year for the borrower. The Chinese developer has made multiple outings in 2014 as part of a liability management exercise.

A flood of financial institution bond issuance this week concluded on Friday with a brace of tier two deals, from Standard Chartered and Italy’s Generali.