Commerzbank

Cairo headquartered African Export-Import Bank (Afreximbank) has requested proposals for an international loan of around $500m, said bankers.

Volkswagen launched an unexpected hybrid bond on Tuesday, into a corporate bond market weakened by falling rates and heavy supply, and failed to tighten the pricing from initial guidance.

Eran Klein has departed Commerzbank, where he had been head of emerging market sales for three years.

Faurecia, the French car parts supplier, sold its €500m unsecured bond on Tuesday to yield 3.125%, joining a parade of high yield cost-saving refinancing issues in March.

British motorway service area operator Moto on Wednesday priced a £175m five year non-call two year second lien bond to yield 6.375%, with which it will redeem a CCC+ rated issue sold in 2011.

Faurecia, the French car parts maker, said on Monday it wanted to issue€500m of bonds to redeem a note due 2019, in a market that has already seen refinancing issuers achieve substantial price cuts.

Korea’s Woori Bank (WB) is due to sign a $500m multi tranche financing this week. The self arranged club loan is paying banks razor thin margins.

Turkish bank Akbank has mandated six banks for a five year dollar bond.

Noble Group, a supplier of commodities, was expected to send out term sheets to its relationship banks for a borrowing of $3bn on March 6.

Indonesia Eximbank has zeroed in on seven banks to helm its latest $750m dual trancher. The banks are due to sign the mandate sometime next week.

Nord/LB attracted a large and well diversified book for its inaugural benchmark sized €500m no grow five year public sector Lettre de Gage on Monday.

Svenska Cellulosa Aktiebolaget, the Swedish paper, pulp and consumer goods manufacturer, issued €600m of five and 10 year bonds on Thursday.