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Swedish call centre operator, Transcom Worldwide, has changed the make-up of its bank group in an otherwise straightforward refinancing deal signed on Wednesday.
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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.
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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.
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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.
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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.
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Mauser, the German industrial packaging producer, has priced its €100m incremental term loan in line with guidance.
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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.
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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.
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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.
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A $300m three year loan for Development Bank of the Philippines (DBP) has received commitments from 15 lenders.
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With two rare loans for Turkish corporates in the market — a $400m loan for Borusan Holdings and a $50m facility for clothing company DeFacto — bankers are hoping that deal flow from the country will pick up, helping to fill the void left by sanctioned Russian borrowers.
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Coal is about the most basic commodity. It has become deeply unfashionable in recent years, tarred as the worst culprit in global warming. The charge may be true, but the accusations are so vehement partly because promoters of other hydrocarbons — oil, gas, biofuels — want to disguise their own responsibility.