Commerzbank

EMEA loans are down sharply this year and few are optimistic that the second half will provide a boost. However, the Schuldschein market has ploughed ahead with deals in another year of strong issuance volumes despite the UK’s Brexit vote last month.

Bankers expect supply to build in the euro FIG market after a steady start to the week, but analysts and economists urged caution on calling the bottom of the “post-Brexit” rally.

Refresco Gerber, the Dutch drinks bottling company, lost one bank and added two new ones to its syndicate in its €872m refinancing which saw strong demand, the firm said.

After a freeze brought about by the UK’s Brexit vote, the European capital markets are thawing. While only a tap, the German State of Hesse has reopened public sector bond markets. Perhaps it was no coincidence that Frankfurt, in Hesse, is eager to raise its profile as an alternative for financial firms wanting to leave London.

United Arab Bank’s has signed up four more banks to join the three initial leads on its latest $150m two year loan.

Just one bank was absent from French automotives parts manufacturer Faurecia’s amend and extend deal signed June 24.

Turkiye Sinai Kalkinma Bankasi (TSKB) signed its annual 367 day loan refinancing on Tuesday, raising slightly more euros and slightly fewer dollars than last year.

Amid the chaos in global markets on June 24, the IPO of Veneto Banca reached its expected conclusion: the book closed almost empty and the listing was cancelled, leaving Fondo Atlante, the Italian bank rescue fund, to provide the €1bn of capital Veneto had to raise.

The European Central Bank could soon rule German senior debt ineligible for repo transactions, dealing a blow to the country’s plans to subordinate the asset class.

Swedish firm AR Packaging this week began marketing €240m of loans to fund its acquisition by CVC Partners from Ahlstrom Capital and Accent Equity.

The European Central Bank could soon rule German senior debt ineligible for repo transactions, dealing a blow to the country’s plans to subordinate the asset class.

Equipment manufacturer CNH Industrial has renewed its €1.75bn revolving credit facility, extending the maturity to June 2021 from November 2019 on "improved terms".