Bank of America

The world’s fourth largest mobile service provider, Bharti Airtel, raised Rp21.4bn ($349m) on August 7 by offloading parts of its stake in Bharti Infratel through a trade that was almost double the size the seller originally planned.

Brazilian meatpacker Minerva took advantage of an empty Latin America new issue market to fetch a well oversubscribed tap of its outstanding 2023s with a narrow premium on Thursday, increasing the planned size of the tap in the process.

Cosmetics packager HCP Global has postponed its US targeted syndication for $380m, with bankers attributing the decision to a summer lull and a tough US market. A new timeline for the loan was being worked out, said bankers close to the deal.

Argentina’s default on exchange bonds on July 30 has inspired in Argentina no inclination to budge from its position that it will refuse to pay holdout creditors more than the 30 cents on the dollar that exchange bondholders received in 2005 and 2010.

The world’s fourth largest mobile service provider, Bharti Airtel, raised Rp21.4bn ($349m) on August 7 by offloading parts of its stake in Bharti Infratel via a trade that was close to double the size of what the seller originally planned.

Landlocked South American sovereign Paraguay surprised some with its timing by issuing its second ever international bond on Monday. But though bankers away from the deal said the 30 year deal created a steep curve, others said the borrower’s strategy was spot on.

The chief financial officer of Latin American development bank Corporación Andina de Fomento (CAF) said the lender’s return to the public dollar markets on Tuesday for the first time in two years showed its new-found appeal to SSA-dedicated bond investors.

A pair of supranationals enjoyed strong liquidity at the short end of the curve. The Asian Development Bank priced a long two year early in the week, days after the World Bank printed a similar maturity with both deals attracting enough demand to be increased from the minimum target size.

Huvepharma - Orion Engineered Carbons - Delek Group - Emsland – Stärke

Delek Group, the Israeli energy conglomerate, has allocated the €655m loan that backs TDR Capital’s purchase of its petrol station and convenience store operations in Benelux and France.

The Asian arm of Louis Dreyfus Commodities has closed syndication of its three year revolver at $500m, higher than its launch size of $300m, with the borrower’s relationship banks coming into the deal.

Cosmetics packager HCP Global is targeting a US syndication for a $380m financing, banking on a strong reception from a market that is happy to invest in cov-lite deals. The facility is split into three and has a trio of banks at the top level.