Commerzbank

News reports on Monday afternoon that Greece had authorised a debt repayment to the International Monetary Fund are likely to help clear out some of the corporate bond market’s busy pipeline.

Ghana National Cocoa Board (Cocobod) has entered the early bird senior phase of its annual loan, according to bankers involved in the deal.

Swiss cement maker Holcim is in a stand-off with its relationship banks over whether it can receive negative interest payments on its Swiss franc revolving credit facility, amid deeply negative interest rates, writes Elly Whittaker.

Freenet, the German internet provider, has signed a €100m Schuldschein bond. The book was oversubscribed but Freenet did not increase the size, according to a banker on the deal.

Turbulence in currencies and commodities helped Commerzbank’s Corporates and Markets division beats last year’s performance by more than 15%.

Spain is likely to pay higher borrowing costs than at any point this year at an auction on Thursday, as a volatile period for eurozone government bonds rumbles on from last week.

Xella, the German building materials manufacturer, has closed books on a €533m refinancing and amend-and-extend loan procedure that was oversubscribed, allowing for price cuts.

Poland's mBank has mandated Commerzbank, Credit Suisse, HSBC and JP Morgan to arrange a bond, with investor meetings starting early next week.

UBM Group, the UK marketing and communications company, has signed a £400m five year revolving credit facility with its core relationship banks.

Commerzbank took advantage of its strong quarterly results to sell new shares on Monday night to bolster its capital ratio, via an accelerated bookbuild that raised €1.378bn.

Mahle, the Stuttgart-based car and lorry parts maker, has hired five banks for a three day bond roadshow starting on May 4, after its annual results are released.

Vossloh, the German rail technology company, has signed a €500m three year loan with 11 banks, part of which will be used to repay a bridge loan it used to take out its US private placement notes.