Citi

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%.

Faurecia, the French car parts manufacturer, has refinanced a €1.15bn undrawn loan facility, hiring 10 banks.

Egypt's Euroget de Invest, has widened price guidance to 12% yield for a $258m bond, proceeds of which will be used to build nine hospitals in Ghana. The deal is expected to be priced on Wednesday with books going subject at 10am in New York.

Austrian oil and gas company OMV came to the euro bond market on Monday for the first time for almost a year, and priced a €750m four year deal.

Spreads of EU and US high yield corporate bonds began to tighten in November, yet their Norwegian counterparts have continued widening, pushed by the current global oil price depression. Many issuers in Norway's busy high yield market are linked to the offshore oil industry.

The Islamic Republic of Pakistan has ditched plans to sell some of its shares in Oil & Gas Development Corp (OGDCL) as investors shunned the paper due to discontent with the pricing.

On Friday Nestlé extended by a year €5bn five year revolving credit facility it had signed in October 2013. The Swiss foods producer also replaced a €5bn-equivalent short term facility with a new facility of €6bn.

Reliance Jio Infocomm’s $1.5bn dual tranche loan that opened in September has received around $280m in commitments from five lenders during general syndication. At least five more banks are processing approvals for the loan and the deadline for commitments has been extended to November 24 to allow them to come in.