JP Morgan

David Lloyd Leisure, the UK gym and spa firm, has final replies due at close of business on Monday for its £380m loan recapitalisation.

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.

Russian steel company Evraz raised $750m from a bond that was printed tight to secondary levels on Thursday as it benefited from huge pent up demand for Russian corporate paper, even in a volatile market for metals and mining firms.

At this time of year, attention in the equity capital market is divided between avidly fighting for next year’s mandates, which are beginning to mount up — and counting the spoils from this year. Has it been a good, bad or indifferent year — and for whom?

Any bankers who had written off December for corporate bond issuance were forced to eat their words on Wednesday, when Vonovia, the German housing company, issued a €3bn deal to finance its hostile takeover bid for Deutsche Wohnen, and won a book of over €7bn.

Standard Chartered and Lonmin will each begin a new chapter in their stories on Friday, as results are published of their rights issues, books for which closed on Thursday.

Eurofins Scientific, the French laboratory testing company, tried and failed to raise €339m of new capital in an overnight block trade on Wednesday night, despite the very strong recent performance of its shares.

Goodyear Dunlop Tires, the US tyre maker, issued €250m of eight year senior notes on Wednesday. The notes are rated Ba1/BB, with a coupon of 3.750% and non-call protection of three years.

David Lloyd Leisure, the TDR Capital-owned UK gym and spa firm, and Cooper, the French pharmaceuticals distributor, widened loan pricing this week as the leveraged market became increasingly selective.

David Lloyd Leisure, the TDR Capital owned UK gym and spa firm, is widening pricing on its £380m debt offering after prospective lenders missed the Tuesday commitments deadline.

Two Indian healthcare companies closed extremely successful IPOs on Thursday, with Alkem Laboratories and Dr Lal Pathlabs fully covered mid-way through bookbuilding. And with India’s equity capital market buzzing with activity, bankers are telling their clients to seize the day before uncertainty sets in, writes John Loh.

Russian steel company Evraz has set the yield on a long five year benchmark at 8.25% area, a level that bankers away from the deal said was roughly in line with where he calculated fair value for the bond.