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Indonesian telco tower company Solusi Tunas Pratama (STP) has asked banks to relax a covenant on a loan raised in May as it anticipates future acquisitions that will change its gearing levels.

Oil services company Fugro on Thursday cut the size of its credit facilities from €775m to €500m, with one bank dropping from out of the lending group.

Xior Student Housing, the newly launched Belgian property company, has completed its IPO, raising €87.8m, with a multiple times oversubscribed book. The money will be used to buy an initial property portfolio worth €196m, through a set of acquisitions.

Corporate treasurers across Europe will be thanking Daimler today, as the German car maker took the lead on Tuesday and showed that the bond market is wide open for deals.

Xior Student Housing has decided to raise the maximum amount it was considering in its initial public offering, after achieving a covered book for the full deal size.

Citigroup and Morgan Stanley have on Thursday night launched and closed the expected $2.5bn capital raising for Naspers, the South African media and e-commerce company, as an accelerated bookbuild. The sale is covered.

Banks can look forward to regularly pricing green bonds inside their vanilla senior curves, some FIG bankers believe, after BPCE launched the latest in a succession of tight trades on Wednesday.

Russian fertiliser producer EuroChem has signed a €200m club loan through its European subsidiary to cut costs, but the deal still carries Russian risk, bankers say.

Turkey’s Garanti Bank and Finansbank have signed one year loans, completing the second round of refinancings for Turkey’s large commercial banks.

Dutch lender ING has appointed John Sprengelmeijer as its new Hong Kong branch manager from December.

Solvay, the Belgian chemical company, enjoyed the benefit of the European corporate bond market's blistering return to form this week, when it raised €3.25bn of hybrid and senior debt for its acquisition of Cytec Industries.

Xior Student Housing, the Belgian real estate company focused on student accommodation, has opened the book for an initial public offering in Brussels.