Deutsche Bank

Borrowers' continued confidence in the leveraged loans market is affecting deal structure, with private healthcare operators Générale de Santé and Quirón structuring their respective €1.1bn and €2.15bn deals to target term loan ‘B’s to banks, who usually prefer the amortising payments of term loan ‘A’s.

Dutch television programme producer Endemol has announced guidance on the pricing and currency denomination of tranches in its €1.35bn refinancing loan.

Global Cloud Xchange (GCX), a subsidiary of Indian telecom firm Reliance Communications, has mandated for its debut international bond.

Chinese smartphone maker Xiaomi is making its second attempt at a loan market debut, launching a $1bn fundraising into senior syndication. The early signs are that the deal will win the hearts of loans bankers, but the company still has to clear some hurdles on its way to success, write Rashmi Kumar and Shruti Chaturvedi.

Southeast Asia’s largest e-payment firm, MOL Global, filed for a $300m Nasdaq IPO this week, and if successful it will be the first Malaysian firm to list in the US. Malaysia's capital-rich domestic market has traditionally kept firms onshore, but those aiming for the best valuations will be better off heading to the US, write Rev Hui and Rashmi Kumar.

Chinese logistics company Sinotrans raised HK$1.72bn ($221m) on July 16 through a private placement of shares, which were offered at a juicy discount to its previous closing price.

Caixa Econômica Federal sold the first Basel III compliant tier two bond from a Brazilian issuer on Wednesday, but the government owned development bank is unlikely to trigger a flurry of copycat deals.

The European Investment Bank, which is over 75% funded for the year, went strategic this week by dipping into South African rand with a curve extending eight year deal. Elsewhere, the International Finance Corporation and KfW picked up funding in Australian and New Zealand dollars.

Winoa, the French maker of steel abrasives and diamond cutting tools, wants to issue €260m of senior secured notes to refinance debt.

Internet giant Yahoo announced on July 15 that it will be selling 60m fewer shares in Alibaba’s IPO. The listing is expected to hit the market either at the end of the month or at the start of August.

KfW threw down the gauntlet to other issuers with its debut green bond this week by adding another factor to reporting standards: impact reporting. Investors clearly like it — Tuesday’s deal at €1.5bn is the biggest ever new issue green bond in the sovereign, supranational and agency sector. But it is good to see KfW pioneering new green features, it won’t be good for the market if every issuer rushes to include it.

Endemol, the Dutch television programme producer, will hold bank meetings this week to market its €1.35bn cov-lite refinancing loan.