Crédit Agricole
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Czech investment fund PPF Group has kicked off the syndication of a €3.025bn loan, which was used to fund the acquisition of Norwegian telecoms group Telenor’s central and eastern European operations. -
US beauty retailer Coty announced pricing at the wide end of guidance for its $2.45bn-equivalent of new leveraged loans on Thursday, while reaching the end of the roadshow for $2bn-equivalent of new high yield bonds.
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Carmaker Fiat Chrysler Automobiles has amended its existing €6.25bn revolving credit facility to stretch out the maturity to 2023, but loans bankers are concerned about the low volumes of business to look forward to.
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Saudi Arabia has had to scale back banks grappling to get on its $16bn loan, which will be used to refinance a $10bn loan taken out in 2016.
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The euro market was all but deserted this week, but one borrower broke the silence, hitting screens for a socially responsible investment bond on Tuesday.
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French engineering consultancy Altran has set the term on its €750m rights issue to finance its acquisition of US global design and engineering company Aricent.
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French food company Danone received a strong response on Monday when it sold its inaugural social bond, the first from a corporate issuer since the social bond principles were set out by the International Capital Market Association in June 2017.
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Credit Suisse has appointed a second head of China investment banking and capital markets (IBCM), according to a memo seen by GlobalCapital Asia on Thursday.
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Despite bagging Rmb4bn ($633.2m) from the Chinese asset-backed securities market on Tuesday, GAC-Sofinco Auto Finance failed to attract offshore interest and priced the deal wider than it did in its last transaction. But these upsets have not affected the carmaker’s appetite for more onshore deals.
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The power of equity capital markets to solve complex corporate finance problems elegantly was vividly demonstrated on Tuesday night when JP Morgan and Crédit Agricole led a €2bn sale of Vivendi’s whole 27% stake in Ubisoft, the video game developer, writes Sam Kerr.
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Hong Kong-listed New World Development has converted a loan signed in March 2016 into a green loan, a first of its kind for the company and in line with its plan to promote sustainability across its business.
