Commerzbank

German wheelchair maker Sunrise Medical’s €315m acquisition loan has begun trading in secondary markets after being priced in line with initial guidance.

South Korea’s Nonghyup Bank made a rapid return to the offshore bond market on July 15. Having learned lessons from its reduced outing last year, the Korean lender shuffled its banks and opted to raise just $300m. More importantly, bankers believe this deal could act as price guidance for Kookmin’s upcoming covered bonds.

Tianjin Binhai New Area Construction & Investment Group Co and Nonghyup Bank braved volatile market conditions to open books for their respective US dollar bonds on Wednesday, as the world waits for signs of a concrete debt restructuring deal from Greece.

Turk Eximbank closed a €500m loan on Tuesday with its novel two-year tranche proving popular with banks.

African Export-Import Bank has named the banking group Afreximbank for its completed syndication of a $458m and €406m dual tranche term loan, its largest ever.

After a week’s hesitation, Deutsche Pfandbriefbank has gone ahead with its IPO, in a sign of confidence in the market – despite the ever uglier masses of cloud building over Greece and China. If it is completed, the deal will raise over €1bn, and be almost certainly the largest IPO left in the European market before the August lull.

European Investment Bank has printed in Ecoop format for the second day in a row, as conditions improved for eurozone periphery sovereign issuers — aside from Greece.

A few IPOs remain in the market, although several have been pulled in the last few days — or, like that of Germany’s Deutsche Pfandbriefbank, put on hold.

Turkiye Sinai Kalkinma Bankasi, the industrial development bank, has closed a €256m-equivalent refinancing loan with banks, increasing it from the deal it signed last year.

Turkish financial institutions have taken no notice of the slowdown of deals elsewhere in the CEEEMEA region, with several deals progressing this week.

Halkbank has agreed a $888m equivalent loan with banks, making use of the novel 364/367 day tenor structure introduced by peer Turkish banks this year.

Public sector borrowers are snapping up opportunities in the medium term note market, as Greece’s bail-out negotiations and imminent US non-farm payroll data stifle syndicated supply.