Citi

German IT company SAP today priced €2.75bn of the €4bn bonds it said it would issue to fund its acquisition of US expenses software firm Concur. The deal generated huge demand, with order books across the three tranches bulging to €11bn.

The November deluge of dollar supply continued as companies from across the high-grade spectrum printed a total of $25bn in three days of issuance this week, led by nervous energy and resources companies.

Russian private bank Otkritie Financial Corp Bank (formerly Nomos Bank) this week became the first Russian bank to achieve a loan with international lenders since the EU and US imposed a deeper round of sanctions – specifically targeting loans to Russia – on September 12.

Finnish export credit agency Finnvera priced a third and last issue of the year on Thursday, with what is only its second deal in euros.

Malaysian conglomerate Sime Darby has picked four banks to supply the funds for its latest loan. The size of the fundraising is around $800m and it is split into a revolver and a term loan.

Bain Capital made Rp24.6bn ($400m) on November 6 by selling a chunk of its shares in India’s Hero MotoCorp in what was one of the largest block trades from the country this year. Strong appetite, particularly from long-only investors, meant the private equity firm raised almost double its initial target.

Bank of East Asia has launched its first Basel III bond, opening book building for a tier two dollar offering on Thursday. It becomes the second Hong Kong bank this year after Dah Sing Bank at the start of 2014.

AES Gener-owned Empresa Eléctrica Angamos is planning an $800m 14.5 year amortising senior secured bond to refinance project finance loans, according to sources close to the deal and rating agency reports.

Russian private bank Otkritie Financial Corp Bank (formerly Nomos Bank) has surprised the market by beating peer Promsvyazbank to sign a syndicated loan. In doing so, it becomes the first Russian bank to achieve a loan with international lenders since the EU and US imposed a deeper round of sanctions – specifically targeting loans to Russia – on September 12.

E-commerce firm Alibaba Group, which signed a $3bn revolving facility with four lenders on August 30, has allocated the financing following a limited syndication. The loan, which features looser covenants than Alibaba’s last fundraising, has set a precedent for future financings by the company, as well as for revolving credit facilities in Asia.

Philippine consumer food and beverage company Universal Robina Corp launched a NZ$750m ($586m) loan for its acquisition of New Zealand’s Griffin's Foods into senior syndication on November 11.

Hella Hueck, the family-owned German car lights and electronics maker, made its stock market debut on Tuesday and traded up by 2.3%.