Commerzbank

African Export-Import Bank is on course to wrap up its two year loan this week, said bankers, and is likely to go bigger than its original $700m.

Sunrise Medical, a German wheelchair maker, will hold a bank meeting on Friday to market a €315m acquisition loan. Like many leveraged finance borrowers this year, it has preplaced the second lien.

CVC Partners on Tuesday offered a €1bn two tranche bond, which will fund its acquisition of German cosmetics retailer Douglas Holding from Advent International.

Commerzbank has added to its credit trading capabilities in London by hiring an experienced structured credit specialist.

A 10bp new issue premium was not enough for HSH Nordbank to attract a fully subscribed book for a €500m seven year Pfandbrief issued on Monday. Though it was cheap to the curve, the deal was much more expensive than other higher rated, shorter dated agency debt offered at the same time.

The Loan Market Association has added four new board members, as its membership has just surpassed 600 organisations.

British Airways is refinancing $1.25bn of credit facilities in a deal that is separate from the €1.4bn loan its parent company, International Airlines Group, is using to buy Aer Lingus.

Skandinaviska Enskilda Banken (SEB) and Swedish Covered Bond Corp (SCBC) issued covered bonds of almost identical credit standing this week, but with very different outcomes.

The inflation linked market for eurozone governments showed itself to be resilient in the face of volatility in conventional bonds this week — boding well for one potential new entrant.

Schenck Process became the latest casualty of the levfin buy side this week, as investors stood firm on the borrower's aggressive €605m leveraged loan deal.

Neopost, the French postal machinery maker that has used a wide variety of financing markets in recent years, issued its third convertible bond on Thursday June 11, in an unusual structure that will give it equity credit.

African Export-Import Bank might enlarge its loan, having received around $1bn of commitments.