Europe

Turk Ekonomi Bankasi (TEB) has signed a $567m loan, led by seven bookrunners, which includes the same margin ratchet as other Turkish banks Akbank and Vakifbank.

Sirius Minerals, the company developing a potash mine in North Yorkshire, has mandated six banks to arrange $2.6bn financing for the project.

Maybank Kim Eng, the securities arm of the Malaysian lender, has added to its team in the UK with a slew of hires.

Big bids from across Europe allowed Slovenia to tighten pricing by more than 10bp on its euro market return on Wednesday.

Apax Partners and Guardian Media Group have raised £200m by selling down 20% of Ascential, the British information and events company, via an accelerated bookbuild launched on Wednesday evening.

The Financial Stability Board has singled out removing barriers to over-the-counter derivatives reporting as a priority for G20 leaders ahead of their summit in Hangzhou this weekend.

German pharmaceutical company Cheplapharm Greifswald is in the market for a €95m Schuldschein which the family-owned firm will not grow beyond the launch size.

The dollar market is set to remain the “darling” — in the words of one syndicate banker — currency in the coming weeks, after a trio of strong deals on Wednesday.

General Motors Financial, the financing subsidiary of the US automotive giant, hit the European corporate bond market with speed on Wednesday as it issued a benchmark transaction.

The European Financial Stability Facility has sent out a request for proposals for a bond issue next week, as Finland highlighted how much demand issuers can muster in the euro market — even at yields well below 0%.

Íslandsbanki has become the first Icelandic bank to raise a benchmark deal in euros since the financial crisis, taking advantage of greatly improved market conditions to broads its investor base beyond its Scandinavian core.

The UK Debt Management Office (DMO) announced on Wednesday that it will hold two long end syndications in the fourth quarter of 2016, in response to calls from Gilt-edged market makers and investors.