Barclays

Allnex, the Brussels-headquartered coating resins business, has allocated its €730m cov-lite seven year term loan after transferring €30m to the dollar tranche and further increasing it.

TBC Bank, Georgia’s second largest London-listed bank, is to follow its bigger rival Bank of Georgia by swapping its global depositary receipts for a full premium listing on the London Stock Exchange.

The wave of rights issues and capital raisings in the market this summer is so far going smoothly, with good news this week for Banco Popular Español, as its shares and rights perked up in trading.

The US private placement market has hosted a few whopper deals from European issuers this year, but overall dealflow has been underwhelming. Meanwhile, the Schuldschein market has had its second busiest quarter ever and has already led bankers to raise their full year volume predictions. Rob Cooke and Elly Whittaker report.

Banca Popolare di Milano and Banco Sabadell issued covered bonds which, despite their negligible new issue concessions, met with exceptionally strong demand.

Abu Dhabi's Mubadala has tightened the margin on its $1.75bn three year refinancing, despite the price on the original loan already being “eye-wateringly low”, according to one banker.

Aspen Pharmacare Holdings, the largest drug manufacturer in South Africa, has nearly completed syndication of a large dollar loan, according to bankers.

Irish airport authority DAA returned to the European investment grade corporate bond market after an eight year absence on Wednesday, as it tapped the long end with a €400m 12 year bond.

Imperial Capital Group, an investment bank, has made three hires from Barclays and Bank of America Merrill Lynch for its emerging markets sales and trading group.

Three Russian corporates are looking to hammer out deals in the wake of the sovereign’s return to the bond market last week. All are refining their debt profiles with a combined buyback and new offer.

The CEEMEA bond market is in full flow as issuers jump in ahead of the FOMC meeting, Brexit vote and Ramadan. Two issuers are out with initial price thoughts and a string of others have mandated for new bonds.

Insurance firm Delta Lloyd has agreed its first revolving credit facility for €600m but the borrower has no immediate plans to draw on the facility, according to the Dutch firm’s chief financial officer.