BNP Paribas

Valeo Foods, the Irish food producer, has launched a €595m loan that includes a second lien tranche, to refinance debt and fund an add-on acquisition.

The US high-grade market continued its hot streak this week, with more than $23bn of new corporate deals being priced in three days despite heightened volatility.

The long end of the French, Belgian and Dutch covered bond market is in effect closed for primary issuance because it is too expensive compared with government bonds.

World Bank on Thursday closed the subscription window for its first index-linked green bond marketed to US retail investors.

An experienced sterling credit trader has left BNP Paribas and is heading to Credit Suisse to help build out a similar desk there, say market sources.

French media group Lagardère has refinanced a €1.25bn credit facility and replaced one of its relationship banks.

The pipeline for corporate bonds is swelling rapidly, with three issuers mandating for European roadshows on Tuesday, including two from the eurozone’s periphery.

Cofinimmo, the Belgian property company, has made a return to equity capital markets after a two year hiatus, raising €285.4m ($320m) via a one-for-six rights issue.

J Sainsbury, the UK supermarket chain, has refinanced a trolley of loans, removing covenants and securing the loans on its properties, after announcing its worst earnings for a decade last week.

Valeo Foods, the Irish food producer, has launched a €595m loan that includes a second lien tranche, to refinance debt and fund an add-on acquisition.

Indonesian tower company Solusi Tunas Pratama’s latest borrowing has received $185m in commitments. The deal, which will refinance what is left of a bridge it sealed with five banks in December last year, is due to close imminently.

Three banks have sent out invitations for a $300m four year facility for Indian mortgage lender Housing Development Finance Corp. The loan, which was prefunded by the leads, is offering a yield of below 130bp in general syndication.