Europe

The account of the European Central Bank’s July 21 governing council monetary policy meeting, released on Thursday, did little to discredit the view that its corporate sector purchase programme (CSPP) will last beyond March 2017.

Research house CreditSights on Thursday told clients that the high yield bond market should have a busy end of the year, a view that echoes the opinion of other market participants this week.

Chinese conglomerate HNA officially filed notification of its acquisition of Swiss airline caterer Gategroup this week in a move which market participants hope could provide much needed issuance for a subdued levfin market.

NRW.Bank will look to bring a euro green bond later this year, perhaps as soon as October, according to head of investor relations Frank Richter.

French 'tier three' capital's arrival is to be pushed back until October, bankers predicted, as Europe’s banks wait for further clarity on what will count as loss-absorbing debt and euro senior supply dries up.

Russian steelmaker Evraz has amended its loan agreements to prevent it from breaching covenants as volatile commodity prices hit earnings.

UK real estate investment trust Capital & Regional is "in advanced discussions with lenders" to refinance a £380m loan after planning the deal since March.

Korea Development Bank, one of the two co-ordinating banks for Akbank’s loan, stepped away from the mandate last week, it has been revealed, after the attempted military coup left the borrower facing a rating downgrade into junk territory.

A pair of issuers brought comfortably oversubscribed dollar benchmarks on Wednesday, leading bankers to speculate that other issuers could be tempted to follow with trades in the currency next week.

The subdued US private placement (USPP) market could be set to for a rush of deals in September, enlivening what has been a quiet year, writes Robert Cooke.

Sponsor driven merger and acquisition activity has suffered in 2016, with volumes sliding 25% this year to date. There could be a boost to come though, with the final four months of the year historically proving fruitful.

Gunvor Petroleum Rotterdam, part of Gunvor Group, has secured a $200m project finance loan to develop is refineries and infrastructure.