Credit Suisse

The Government Pension Fund of Thailand has raised Bt3.66bn ($112.47m) from the sale of a block in IRPC, riding on the sharp run-up in its share price since January.

Aldermore is expected to settle for a lower valuation than it had previously hoped for, as the UK challenger bank seeks to list in London next month.

The EIB has tapped the largest outstanding green bond in the market and could have created the first negatively yielding primary supply in the format, said SSA bankers.

Ferrexpo, a Ukrainian iron ore pellet exporter, has attracted bondholders holding $214.3m of its $500m 7.875% 2019s to its exchange offer. The minimum participation condition of 60% of the notes was not satisfied but the issuer has decided to waive it in order to accept the notes.

Indian textile firm Alok Industries is in the market with a $375m export performance bank guarantee backed (EPBG) loan. The borrower has picked three European banks to lead the transaction, which comes with an undisclosed upsize option.

With investors squealing at this week’s new issues that crunched spreads to record lows, next generation covered bonds could meet the sector’s increasingly desperate need for higher yielding products, writes Bill Thornhill.

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Indian exporter Essar Oil’s latest facility has met with a warm response, despite the company’s operation in the volatile oil sector, as it comes backed by a two way guarantee from State Bank of India. The guarantee protects lenders both on Essar’s obligation to deliver as well as buyer Oil Bridge’s obligation to pay, writes Shruti Chaturvedi.

América Móvil has picked six banks to arrange a global Mexican peso note, with investor meetings starting on Friday.

RCA01, owned by Spring Real Estate Investment Trust (Spring Reit), has wound up its $500m refinancing, attracting 13 banks in general syndication.

UK challenger bank Aldermore on Tuesday disclosed the amount it spent last year on its attempt to list on the London Stock Exchange, which failed due to market volatility and concerns over valuation.

Armacell, the German insulation foam maker, is holding a lender call for its €65m five year add-on loan, which will fund bolt-on acquisitions.