Barclays
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Electricity Supply Board, the Irish power company, has amended and extended a €1.44bn loan facility with Intesa Sanpaolo and Santander joining the syndicate for the first time. -
Sky Bet, the UK online gambling business, allocated its £340m seven year term loan ‘B’ at around 10am on Monday morning, having further flexed the deal's terms in favour of investors.
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Qatar National Bank has mandated international banks for a $3bn loan, its first dollar facility since 2012.
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London-listed book publisher the Quarto Group has refinanced a $95m four year loan. The deal comprises a revolving credit facility and term loan.
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Greece’s olive branches to its creditors failed to impress sovereign DCM and syndicate bankers and investors this week as its bonds were routed once again. But the fortunes of the Hellenic Republic — the first eurozone country to seek a bail-out — were in stark contrast to those of the first country to leave one as Ireland sold a triumphant debut 30 year benchmark.
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SIG Combibloc has followed Altice's recent example by demonstrating the European market’s keen appetite for large leveraged M&A deals. SIG has tightened pricing on the loans in its €2.8bn deal and replaced some of the deal's bonds with loans.
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Swansea Bay tidal lagoon — APRR — Esmalglass — Danube Foods
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Italy’s Servizi Assicurativi del Commercio Estero (SACE) made a last minute appearance in last week’s primary FIG market, pricing a €500m perpetual non-call 10 year subordinated bond at 25bp lower yield than where initial price thoughts were set despite uncertain secondary markets and an ostensible lack of comparables.
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Chinese tech firm Tencent Holdings made its eagerly anticipated return to the dollar bond market on February 4 with a $2bn dual tranche offering that drew a frantic response from investors. That resulted in an 8.5 times covered book, which the issuer was able to leverage to price inside its rival Alibaba.
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Barclays is seeking a stronger footing in Asia Pacific ECM, with the creation of a new role of head of blocks origination. The bank has struggled to make headway in terms of market share in the region, but its strong Japanese franchise, accompanied by its new emphasis on the more profitable blocks business, shows the firm is moving in the right direction, reports Rashmi Kumar.
