Crédit Agricole
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European levloan investors snatched up Logoplaste’s €570m of acquisition loans, with many making reverse enquiries for the deal. -
Just one bank was absent from French automotives parts manufacturer Faurecia’s amend and extend deal signed June 24.
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Electricité de France has named 16 banks to underwrite its €4bn rights issue, of which €3bn will be bought by the French government.
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Swedish sponsor EQT is set to syndicate €1.25bn of loans in July to fund its acquisition of German Bilfinger’s real estate business, in a market that has been led by German and French deals since the Brexit referendum.
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Lifestyle International Holdings has returned to the loan market for a HK$8bn ($1bn) fundraising after a gap of nearly five years. The borrower, which operates the well-known Sogo department stores, has opted for a syndication instead of a club deal, with the rarity element of its name helping find to attract interest. Shruti Chaturvedi reports.
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A $12.7bn Asia-focused loan for China National Chemical Corp’s acquisition of Swiss firm Syngenta is expected to enter the second phase of syndication as early as next week.
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SSAB, the Swedish steel company, announced on Wednesday morning that its Skr5bn (€536m) seven-for-eight rights issue, led by Crédit Agricole, Handelsbanken, Nordea and Swedbank, had been oversubscribed by 38%.
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A subsidiary of Lifestyle International Holdings, which operates department stores under the Sogo brand, has launched a HK$8bn ($1bn) loan into limited syndication.
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Christian Dior nipped in ahead of the UK’s referendum on its European Union membership to issue a €350m bond on Monday, and found highly supportive market conditions.
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State Bank of India has allocated its latest $500m borrowing, finding demand from eight new lenders during syndication.
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Caisse Française de Financement Local (Caffil), the French public sector bank, issued its third Obligation Foncière this week but, while it set a record low coupon, it was heavily reliant on support from the Eurosystem.
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South Korea’s Woori Bank is expected to bring a dollar-denominated Basel III additional tier one bond to the market as early as September after its plans were abruptly put on hold in April due to a proposed changes in rules.
