Deutsche Bank

Sri Lankan conglomerate John Keells has returned for its resort project financing, cutting the loan size by $50m to $395m in its second attempt. The original $445m facility was delayed after the incoming government in Sri Lanka changed rules on casino licences, which meant banks had to rethink the loan, taking into account the absence of casino revenues.

Credit Suisse and UBS stormed to the top of the bookrunner charts for senior FIG bonds in the first half, but their rivals will be more worried about the dive in overall volumes across the market versus a year earlier.

BNP Paribas is sounding out lenders for a triple tranche loan that relates to the acquisition of telecom company TDF’s business in France, according to a source.

Natural gas storage and transportation service provider CIMC Enric Holdings is seeking a $150m loan from the offshore market. The company has chosen one lender to arrange the fundraising, according to a banker away from the trade.

Deutsche Bank's fifth Formosa bond has firmly established it as a frequent issuer in Taiwan's RMB market, with total issuance so far of Rmb4.5bn ($733m). The bank tells GlobalRMB that it sees the market becoming a more consistent funding venue with more regular issuers in the future.

A few IPOs remain in the market, although several have been pulled in the last few days — or, like that of Germany’s Deutsche Pfandbriefbank, put on hold.

Poland has mandated four banks for a bond in euros or dollars.

Innocean Worldwide has raised W340bn ($302m) from its South Korean IPO by pricing the deal just above the middle of guidance despite turbulent times for markets, thanks to domestic institutions signing up in droves and pushing pricing higher.

Ping An Real Estate Company has picked three banks to prepare for an offshore renminbi (CNH) market as early as next week.

Alok Industries has finally signed its $475m export performance bank guarantee-backed (EPBG) loan on June 30 with a total of eight banks committing to the transaction.

In a week when Greece’s negotiations with its creditors grew labyrinthine in their complexity, with contradictory statements spewing forth faster than the country’s spiralling yields could follow, public sector borrowers are changing their approach.

Turkish financial institutions have taken no notice of the slowdown of deals elsewhere in the CEEEMEA region, with several deals progressing this week.