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Kurt Geiger, the luxury UK shoe retailer, is holding bank meetings on Friday for a £150m buyout facility backing its £245m acquisition by Cinven from Sycamore Partners. -
Emerging market bankers are saying that greater scrutiny may now need to be paid to the ratings calendar when printing bonds after Standard & Poor’s downgrade of Poland on Friday prompted one of the worst sell-offs of an EM new issue in recent memory.
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A $300m three year loan for Development Bank of the Philippines (DBP) has gone into general syndication via three mandated lead arrangers and bookrunners.
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Armacell, the German foam insulation manufacturer, has launched a€660m debt acquisition package to back its buyout by Blackstone and Kirkbi from Charterhouse Capital Partners.
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Development Bank of the Philippines (DBP) has opened a $300m three year loan to retail participants, having picked the mandated lead arrangers and bookrunners in mid 2015.
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Five issuers from core Europe priced covered bonds this week but the standout success, which could have been priced without the European Central Bank’s help, was the first Austrian deal of the year from Erste Bank.
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A series of oversubscribed deals among core issuers could encourage Austria to seek a print in the current market.
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A trio of Spanish issuers launched the first covered bonds of the year from southern Europe this week but, with peripheral spreads widening sharply, conditions are not conducive to further supply.
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Trafigura, the Singapore based commodity trader, launched a $4.3bn loan refinancing on Thursday as it looks to improve terms off the back of a standout year in 2015.
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Glencore launched its refinancing of a one year $8.45bn loan today (Thursday), which is hotly anticipated although the margin is set to widen as the company's credit spreads have surged to record levels.
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The Government of Mongolia has picked six banks to work on a 144A/Reg S bond that may hit the market as early as next week.
