HSBC

The investment grade corporate bond market suffered another difficult day on Monday, with the breakdown of talks between Greece and its creditors at the weekend giving issuers and investors ample reason to shun the primary market.

Two SSA borrowers are out with dollar deals early this week — trades that could set the tone for the rest of the week’s issuance in the currency.

A trio of SSA issuers are set to pepper the euro curve on Tuesday, despite waves of volatility engulfing the market over the past few weeks.

The UK’s move to negative outlook by Standard & Poor’s had little impact on Gilts on Monday boding well for the country’s first syndication of the 2015-16 financial year next week.

Mercuria Energy Trading, the Swiss commodities group, has found strong support for a $2.65bn loan refinancing, but has not yet decided whether to increase the facility.

Notebook maker Inventec Corp has increased the size of its latest fundraising to $480m. Ten banks are helming the deal, which saw the borrower push back for, and get a better bargain.

New Zealand dairy company, Fonterra Cooperative Group, opened books to its third dim sum bond on Monday. The deal comes amid a recent revival in offshore renminbi bond issuance but a dearth of international corporates names.

International schools operator Nord Anglia on Friday announced a Sfr235m bond to finance its recent purchase of six schools from Meritas.

United Biscuits has returned to the leveraged loan market to seek a repricing of £960m-equivalent of debt it raised in December to back its buyout by Yildiz Holding, the Turkish foods group.

The UK Debt Management Office has announced which banks will run its next planned syndication — which includes a rare name on a UK mandate.

Philippine homebuilder Vista Land & Lifescapes showed its increase savviness in the bond market by extending its debt maturities with no extra cost on June 12.

Bank Rakyat Indonesia (BRI), which picked a consortium of 11 banks to supply its $550m financing, held a meeting for the lenders on June 8, said bankers. The Indonesian firm was initially looking for $400m but raised the size of the borrowing following a healthy response.