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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.
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Ecom, the Swiss commodities trader, has sealed a $500m one year revolver after banks piled in, helping it raise $100m more than planned.
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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.
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Stellar funding conditions in emerging markets enabled Romania to print 10 and 18 year debt at record low yields on Monday.
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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.
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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.
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The palette of socially responsible investment bonds is expanding. Two borrowers made SRI debuts this week with a social inclusion bond and a sustainability bond, while a third has announced its intention to follow suit.
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A pair of European borrowers debuted socially responsible investment bonds on Monday, raising a combined €1.2bn, with one able to tighten its price by several basis points.
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A flurry of activity in the market for socially responsible investments shows no sign of letting up, with two borrowers set to make their debut next week and two more waiting in the wings.
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Athens-listed Motor Oil Hellas Corinth Refineries sold a sub-benchmark size note on Thursday, the second Greek corporate deal in the euro high yield market so far this year.
