ING

An outpouring of interest from first tier global funds helped shareholders of ING Life Insurance Korea raise W1.1tr ($975m) from its IPO, though pricing came near the bottom of guidance.

Two commodities companies have rolled out separate syndications into the loan market, with Vitol Asia approaching lenders for $1bn and Gunvor Singapore looking for $800m.

Hard on the heels of Unibail-Rodamco’s ground-breaking green loan, believed to be the first large corporate financing to give the borrower a pricing benefit if it hits sustainability targets, Koninklijke Philips, the Dutch health technology group, has signed a similar €1bn loan linked to its sustainability rating, writes Jon Hay.

Ukrainian poultry producer MHP is lining up the second corporate bond of the year from the country, following a deal from Kernel in January.

Theresa May stunned the UK on Tuesday by calling a snap general election, but equity capital markets remain calm and the next wave of IPOs is becoming more visible, with two more new deals announced this week.

VolkerWessels, the Dutch construction and property development group owned by the Wessels family, has announced its intention to float on the Amsterdam Stock Exchange, over a decade after it was taken private in a buyout.

Embattled China Hongqiao Group’s banks have given it a reprieve from a credit crunch, after consenting to a covenant waiver on its $700m syndicated loan.

Ecom, the Swiss commodities trader, has sealed a $500m one year revolver after banks piled in, helping it raise $100m more than planned.

French dough maker Cérélia has launched a €345m loan package for its acquisition of Canadian cookie and muffin maker English Bay Batter, joining UK nurseries firm Busy Bees in signing a roll-up acquisition.

Stellar funding conditions in emerging markets enabled Romania to print 10 and 18 year debt at record low yields on Monday.

Romania was offering a 20bp new issue premium for both a new 10 year euro bond and a re-opening of its existing 2035s on Monday morning, according to a lead banker.

Aditya Birla Group unit Novelis wound up a $1.8bn Asian refinancing of its US term loan B at the end of March, with eight banks joining during general syndication.