BNP Paribas

Cinven has mandated three banks to arrange a leveraged loan financing for its acquisition of Tractel, the French provider of equipment for working at height.

Second quarter numbers for the big French banks tell the tale of two divergent markets – equities, which has had a buoyant quarter on the back of volatility, especially in Asia, and fixed income, which has languished as credit markets caught fright.

German cable company Tele Columbus is allocating a €435m leveraged loan that backs its acquisition of rival Primacom, setting out its ambitions for consolidation in the sector.

Pricing has been widened on the £300m sterling cov-lite loan backing Clayton, Dubilier & Rice’s acquisition of Motor Fuel Group, the UK petrol station forecourt operator.

BNPP Paribas made redundant another banker in its CEEMEA DCM team.

Lufthansa succeeded on the third attempt at its debut hybrid deal on Tuesday, shrugging off any fears of sleepy summer markets by gathering a more than three times subscribed book for the trade.

Chinese banks now hold four of the top five spots in SNL Financial’s ranking of the world’s largest banks, while Europe’s global footprint is shrinking.

German cable company Tele Columbus is allocating a €435m leveraged loan that backs its acquisition of rival Primacom, setting outs its ambitions for consolidation in the sector.

The European Investment Bank added another deal to its recent burst of issuance in euros on Monday, as a German state mandated banks for a €500m August 2019 deal.

Lufthansa is set to make a third attempt at its debut hybrid bond, mandating banks on Monday for a deal that could be priced as soon as Tuesday.

A strong global markets performance helped BNP Paribas post sharply improved second quarter results from a record loss last year, as the bank’s fixed income, currency and commodities revenues outdid its peers.

David Spegel, head of EM research at BNP Paribas, has quit the firm after only just over a year at the bank.