Commerzbank

German ball bearing producer Schaeffler has set price guidance on its €1.8bn-equivalent term loan ‘B’.

German ball bearing producer Schaeffler has launched a €1.8bn-equivalent six year term loan ‘B’ to refinance debt raised earlier this year.

Korea Exchange Bank (KEB) is looking to become the third Korean lender to tap the dollar market with a tier two bond, mandating four banks to handle the transaction.

Eiffage, the French construction and concessions company, has signed a €1bn five year revolving credit facility with 16 banks. The deal was 25% oversubscribed.

Four issuers launched covered bonds from Germany, Sweden, Norway and Austria this week. The transactions were all well subscribed and priced tightly but the greatest degree of price tension was seen in deals that are expected to be eligible for the European Central Bank’s purchase programme.

While the financial world has been enduring lay-offs and that ugly word “downsizing” at every turn over the last few years, Commerzbank’s Andrew Nicola has been fighting the tide by producing an army of mini-MTNers.

WMF, the German kitchenware producer, widened pricing on its €615m leveraged acquisition loan this week, becoming the latest in a run of borrowers to do so in September as lenders find more lucrative opportunities in the US.

SIG, a Sheffield-based specialist building products company, has refinanced a £250m revolving credit facility that was due to mature in May 2015.

Norma Group, the German engineering company specialising in pipe fixings and connectors, has agreed a €100m term loan and €50m revolving credit facility. It will use the money to pay back the rest of its bank loans signed in 2011, which were due in 2016.

Qatar’s Ahli Bank has closed a $200m debut syndicated term loan facility, increasing the size of the deal after its initial amount was oversubscribed.

WMF, the German kitchenware producer, is widening pricing on its €615m leveraged acquisition loan, becoming the latest in a run of borrowers to do so this September.

Hana Bank has become only the second Korean lender to tap the dollar market for a tier two bond, pricing a $300m issue on September 25 that was multiple times oversubscribed. But some of the credit for success has to go the country’s regulator for tweaking its Basel III rules before the transaction.