Barclays

Dealogic could be one of the last leveraged loan deals to close in 2017. With allocations of its dividend recapitalisation loans due on Friday, the deal is likely to cap what has been an all-time record year of issuance in the European leveraged loan market.

The rump auction following the rights issue of Banca Carige, the Genoese bank, was closed early after two days on Monday, but participants in the deal have to wait till Thursday to find out how many of the buyers will subscribe for the up to €167m of shares.

Reliance Industries has allocated its $2.49bn multi-tranche fundraising among 31 banks, with plans to transfer in the new lenders before the end of the year, said bankers close to the trade.

European Central Bank president Mario Draghi struck an upbeat note on the currency bloc’s growth prospects at a press conference following a governing council meeting on Thursday, but analysts still expect borrowers to enjoy supportive conditions for some time yet. The meeting — and the approaching year end — meant euro supply was thin on the ground, but Iceland did take the opportunity to return after several years away.

Rating: A3/A/A

Savannah Petroleum, the UK oil and gas company focusing on African exploration, has announced a range of 40p to 50p a share for a follow-on share placing to fund its acquisition of the Nigerian oil and gas assets of Seven Energy.

Asian bond volumes soared this year, breaking records with $350bn of issuance. Can 2018 possibly be any better? Addison Gong attempts to find out.

Guirenniao Co was forced to pull its dollar bond on Tuesday as a result of unfavourable market conditions, as thinning liquidity in Asia at the year end took a toll on the issuer.

Iceland was awash with orders on Wednesday for its first deal since 2014, which came alongside a tender offer for the sovereign’s July 2020 bonds.

Three Chinese issuers hit the market on Tuesday with dollar deals, but each saw a very different outcome. One company sealed a successful trade, another locked up a private placement style bond, while the third was forced to pull its transaction.

This week, bankers and investors in the European high yield market sounded a message of confidence to potential issuers of bonds with triple-C ratings, even after BMC cancelled one such deal.

India’s Rural Electrification Corp raised $400m from a three year bullet on Monday, opting for an unusual tenor for a credit from the country, but still finding more than enough support for its deal.