Credit Suisse

On December 30, when most investors were on holiday, Credit Suisse changed the terms of its existing covered bonds from a hard to a soft bullet maturity with the approval of just a few investors. Other issuers looking to change the terms of existing deals should be more upfront about liability management exercises that could put investors at a disadvantage.

China Huarong Asset Management is looking to become one of the first Asian companies to tap the debt market this year by putting together a massive 15 bank syndicate for a dollar bond that is expected to launch later this week.

China Auto Rental (CAR) embarked on an extensive eight day roadshow on January 6 as it seeks to raise capital in the debt market for the first time. But it is not just interested in selling its story to Asian investors so will also be wooing US funds thanks to its strong North American ties.

The ruffled state of Europe's high yield bond market will give Xavier Niel, the French telecoms entrepreneur, plenty to think about as he considers whether to use the market to finance his planned takeover of Orange Switzerland, the mobile phone company.

UK based bio-pharmaceutical company Shire signed a $2.1bn loan last week. The five year loan has two one-year extension options and comprises multi-currency revolving and swingline facilities.

Huaneng Renewables Corp netted HK$1.75bn ($225.22m) via a placement of H-shares to 10 investors on December 16, with the deal going mostly to long only funds and fundamental investors.

Dalian Wanda Commercial Properties is expected to price its IPO near the top of guidance to raise HK$28.8bn ($3.7bn) for Hong Kong’s largest listing this year.

The Development Bank of Mongolia, whose loan has been in the works since July this year, has finally wrapped it up at a larger size of $300m.

The US market slowed down after the previous week’s blockbuster but a handful of smaller trades were sufficient to take December's haul to a record. Four corporate trades worth $2.8bn pushed issuance to $43bn, making it the busiest December ever.

Two subsidiaries of Gunvor Group have signed a $1bn revolving credit facility with a syndicate of 25 banks, down from 38 on its $1.5bn loan a year ago.

GTech, the Italian gambling equipment maker, has further reduced its bridge facility for the acquisition of US competitor International Game Technology (IGT), to $6bn.

GTech, the Italian gambling equipment maker, has further reduced its bridge facility for the acquisition of US competitor International Game Technology, down to $6bn.