Europe

Turkcell İletişim Hizmetleri, the largest mobile operator in Turkey, has mandated three banks to arrange a 10 year dollar bond.

Agricultural commodities trader ED&F Man has signed three revolving credit facilities totaling $1.128bn, bringing the UK company’s committed funds to more than $2.4bn at a time when the company’s sugar and grains businesses have taken a hammering.

UK drug maker GlaxoSmithKline agreed to buy Novartis’ 36.5% stake in the pair's consumer healthcare joint venture just days after backing out of an acquisition for a similar Pfizer unit. But analysts disagree whether GSK’s ratings are being stretched to breaking point despite the new trade being far smaller.

Citi has appointed a new country officer for Ireland to lead the bank’s business in Dublin, its post-Brexit European headquarters.

International investors will be getting a more transparent look at China’s domestic green bonds, following a new initiative from the Luxembourg Stock Exchange (LuxSE) and the Shanghai Clearing House.

Banca Carige said in a statement on Wednesday that market conditions were “not yet in place” for its planned tier two deal.

The UK government has waded into Melrose’s hostile bid for engineering firm GKN, seeking assurances from the industrial conglomerate that it plans to protect UK jobs should the deal go ahead in the latest hurdle for a £7bn-plus debt financed acquisition.

Akbank has signed a $1.2bn loan to refinance a loan from last year and achieved tighter pricing than on the previous facility.

The European Central Bank’s (ECB) recent decision to cut primary market orders for the covered bond purchase programme (CBPP3) is part of a long term tapering strategy that it is set to continue, delegates at the IMN covered bond conference in London heard on Tuesday.

Aviva’s preference share debacle shows that there is more to capital management than getting one over on your investors.

The increasingly fickle and protectionist nature of the Trump administration is a new factor for IPO sellers to consider as they prepare for a busy window after Easter. Issuers may have to compromise, or risk their deals being pulled.

KfW was set to price a $4bn three year global at the tight end of guidance with a comfortably oversubscribed book on Tuesday. But bankers said the concession offered was a sign of a changing pricing dynamic between issuers and investors.