Citi

KfW tapped a December 2019 sterling line on Tuesday, printing £200m to round off the agency's strongest year in sterling since 2008.

Groupe SEB has set a new record for a French borrower tapping the booming Schuldschein market, raising a whopping €800m to help it buy a German company.

US based-Novelis, part of Indian company Aditya Birla Group, has lined up a syndicate of 10 lenders to arrange an Asia loan that refinances a $1.8bn US term loan B from last year.

A A$484.2m ($361.5m) five year facility to support Philippine company Universal Robina Corp’s acquisition of Snack Brands Australia has been allocated, with 17 new lenders coming in.

South African gold miner Sibanye has agreed to buy US palladium miner Stillwater for $2.2bn and will raise a $2.7bn loan to pay for the acquisition. Sibanye joins South African borrowers Steinhoff and Aspen in raising large loans for M&A this year.

Two firms with Asian links canned their US floats this week, with InnoLight Technology Corp and Ironshore announcing they have dropped their listing plans.

Laurus Labs, the Indian pharmaceutical firm, is on track to raise Rp13.3bn ($197.0m) after it wrapped up bookbuilding on Thursday and was more than 4x covered.

Ecuador, the highest yielding single B sovereign in the world, issued $750m of 10 year bonds on Thursday, becoming the second Latin American credit in a week to take advantage of the recent rally in oil, following Mexican state-owned oil giant Pemex’s $5.5bn bond.

Goldman Sachs printed a $3bn trade on Thursday to push dollar FIG issuance to an all-time high.

Nigeria has picked three banks to manage its first sovereign trade since July 2013.

Bank Negara Indonesia is wrapping up a $750m borrowing with nine mandated lead arrangers and bookrunners, returning to the loan market after a two year break. As liquidity is still abundant, the borrower is raising its biggest syndicated deal, with bankers saying that government backed names from the country will remain popular. Shruti Chaturvedi reports.

Citi and ING have named new heads for their respective Asia debt syndicate teams, while Natixis has recruited a DCM banker from Commerzbank.