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A $300m three year loan for Development Bank of the Philippines (DBP) has been allocated, with the borrowing capped at the launch size despite an oversubscription.

Delight spread through Europe's high yield market on Thursday afternoon, as LeasePlan, the Dutch car finance bank that had ignominiously pulled a €1.55bn LBO financing in February, succeeded in pricing the deal on its second attempt, writes Victor Jimenez.

After over a month with no Obligations Foncières supply, Caisse Française de Financement Local (Caffil) and Compagnie de Financement Foncier (CFF) returned to the primary covered bond market on Monday.

Swedish call centre operator, Transcom Worldwide, has changed the make-up of its bank group in an otherwise straightforward refinancing deal signed on Wednesday.

European high yield, which has had a dismal 2016 so far, is making another try to break out of its lethargy today, as LeasePlan, the Dutch car finance bank, is relaunching its €1.55bn bond to finance its leveraged buyout.

Swedish security services provider Securitas made a late entrance to the euro bond market on Tuesday with a €350m six year offering, getting in ahead of the Thursday’s European Central Bank (ECB) meeting.

Commodities trader Trafigura has tightened pricing by double digit basis points on its European loan refinancing and expects to raise more than $5bn, according to sources.

Banks are making their commitments for ED&F Man's annual loan refinancing and no banks have declined to roll over their commitments yet, according to a lead banker.

Mauser, the German industrial packaging producer, has priced its €100m incremental term loan in line with guidance.

Emirates Global Aluminium has completed its $4.9bn loan refinancing, with eight lenders joining the underwriting banks, as this week the borrower announced its income had almost halved last year.

Commodities firm Glencore released its preliminary results on Tuesday, revealing annual losses to equity holders of almost $5bn. The release of the annual report paves the way for the general syndication of the group’s loan after a successful first stage in February.

A €1.6bn loan for the Czech Republic’s Energetický a Průmyslový Holding (EPH) was so popular that it received enough commitments to close after early bird funding, according to a banker close to the deal.