Europe

Garanti saw the syndicate for its latest one year loan shrink by five lenders. Other Turkish banks will have to take note as smaller lending groups are set to become a feature of their borrowing, according to the head of financial institutions at the bank.

Service station operator MRH tightened guidance on its £250m sterling term loan this week, with commitments on the deal due alongside several others on Thursday.

Italy’s Mediobanca is adapting its approach and preparing for European expansion, following a hiring spree in its corporate finance division, writes David Rothnie.

Aegon was marketing a seven year senior bond on Thursday, joining a host of insurers taking advantage of tight funding levels to refinance at attractive costs.

Russian gas processing and petrochemicals company Sibur is offering to buy back for cash some of its dollar bonds maturing January 2018, the company announced on Thursday.

CME Clearing Europe, CME Group’s London-based clearing house, has been approved by the US Commodity Futures Trading Commission as a derivatives clearing organisation (DCO).

Rumours of increased European Central Bank support have failed to take pressure off Italian sovereign credit default swaps, despite a rally on Tuesday, with the country resuming its widening divergence from European peers on Wednesday ahead of this weekend’s referendum.

BE Semiconductor Industries' €125m convertible bond has traded up since its successful launch on Wednesday, when the company raised seven year money to expand factories in Asia at an attractive 40% premium to its current share price.

Tonight, Apax and Guardian Media Group are selling another 15% of Ascential, the UK events and publishing company, while Anglo-American is divesting its entire stake in Exxaro, the South African coal miner.

French media technology firm Technicolor increased its euro term loan offering by €200m to €450m on Wednesday, as Verisure tightened and accelerated the pricing and commitments on its own deal.

Teddy Sagi, the entrepreneur, used a block trade on Tuesday night to offload shares in Playtech, the FTSE 250 gaming software business he started in 1999, for £329m.

Uniper, the German power and gas company on Wednesday issued its first public bond since spinning off from E.ON earlier this year, tapping the short end of the curve with a two year offering.