Citi

Huhtamaki, the Finnish food and drink packaging maker, has refinanced a €400m revolving credit facility and extended the tenor by a year.

Citi held onto its top spot in the CEEMEA bond league tables this year and continued its grab of market share even though absolute volumes were destroyed. Meanwhile, Deutsche Bank, BNP Paribas and Goldman Sachs lost ground as Barclays, Société Générale, Unicredit and Standard Chartered Bank rose through the ranks.

Another foreign issuer has joined the German Schuldschein market, as Sweden's Saab signs its first ever deal. It was arranged by two non-German banks.

Finnish pulp and paper maker Stora Enso has tightened margins again on its €700m revolving credit facility, this time by 20bp, after having already reduced margins on the deal by 35bp two years ago.

Over €30bn of covered bond supply is expected from borrowers in Spain and Italy next year but with nearly €40bn of Cédulas redeeming, the technical backdrop is most constructive in Spain.

The covered bond market is likely to see more supply in 2016 than it did in 2015 even as the European Central Bank reduces covered bond purchases in favour of other asset classes, said analysts this week.

Dentsply International, the US dental equipment maker, printed a dual tranche private placement Swiss franc note on Tuesday, as a part of its private placement funding programme.

Amid the boardroom turmoil, strategic rethinks and headline grabbing megadeals, Europe’s most senior corporate financiers tell GlobalCapital’s David Rothnie why 2015 was a letdown and why 2016 will be better.

Indian hospital chain Narayana Hrudayalaya launched bookbuilding for its Rp6.13bn ($92m) IPO on Thursday, bagging the Singapore sovereign among its anchor investors.

Chinese technology firm Tencent Holdings has closed its borrowing at $2.45bn, nearly double the original launch size.

Kenya’s two year sovereign loan grew from $600 to $750m in syndication, boosted by the lack of syndicated loans elsewhere in Africa this year.

Terex, the US lifting and material solutions company, has allocated $900m equivalent across two term loan facilities yesterday, widening the pricing on both.