Commerzbank

Shanghai listed textile dye maker Zhejiang Longsheng Group (Lonsen) has raised a $300m loan from a club of seven banks, said a banker on the deal.

Imerys, the French industrial minerals supplier, tapped its 2.5% November 2020 bond for €100m ($124.34) and issued a new €500m 10 year on Wednesday.

After many days in which bankers have wondered why more sellers were not bringing block trades to what are very strong equities markets, today a burst of deals hit the screens.

Imerys, the French industrial minerals supplier, has mandated six banks for a tap of its 2.5% November 2020 bond and a new 10 year benchmark issue.

A pair of German states jumped into the euro market at the start of the week, grabbing the opportunity to source cheap funding as speculation that the European Central Bank could start buying government bonds pushed Bund yields to record lows. But despite the luscious funding conditions, bankers are struggling to find supply.

RPC, a plastic packaging manufacturer in the UK, has refinanced a revolving credit facility to £490m as it looks to buy Icelandic competitor Promens.

Supportive secondary markets and tightening credit indices have deceived issuers of senior and covered bonds in the FIG market, causing five to pull the plug on new transactions over the span of five trading days. That left market participants wondering if the year is over for FIG issuance, as investors happy with returns on the year have avoided taking on further risk — despite issuers offering spreads that have previously led to successful deals, writes Nathan Collins.

A supranational and an agency nipped in to print tightly priced taps of euro-denominated debt this week.

German jewellery chain Christ is allocating its €220m acquisition loan this week, in a bank-friendly deal that was priced in line with guidance.

German jewellery chain Christ is allocating its €220m acquisition loan this week, in a bank-friendly deal that was priced in line with guidance.

Front end volatility trades in G10 currency pairs are likely to trend in the first quarter of 2015, particularly in the euro against the dollar, as strategists expect any significant spot movements in the pair to occur in Q1.

The European Union will this week tap its most recent bond to fund more lending to Ukraine, after mandating banks for a deal on Tuesday. The mandate came as the European Stability Mechanism completed its bond business for 2014 with its second ever tap.