Lloyds Bank

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.

UK metering services company, Smart Metering Systems (SMS) has signed a £150m club loan and increased the deal size to take advantage of a government scheme to boost smart meter installation.

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.

The recovery in Europe’s corporate bond new issue market continued on Wednesday, with three successful issues — one each in sterling, euros and Eurodollars. By far the largest was the return to its home market of Motability Operations, the non-profit organisation which provides cars and other vehicles to disabled people in the UK.

Scotland Gas Networks came to the sterling bond market on Monday with a £250m 11 year offering that was nearly twice subscribed.

Genus, the bovine and porcine genetics company, retained all of its relationship banks when it signed a £160m revolving credit facility on Monday.

Heathrow has extended the maturity of its £1.4bn revolving credit facility, signed November 2014.

Kurt Geiger, the luxury UK shoe retailer, allocated its £150m all-senior acquisition debt at a notable margin even after its oversubscription.

Thames Water priced a £300m senior secured no-grow bond on Thursday, clinching the deal after two weeks of volatility in its outstanding bonds.

Pendragon, the UK car dealer, has refinanced its debt, issuing a private placement and signing a new unsecured club revolving credit facility that cut its margin by a hefty 85bp.

Carnival Corporation, the US cruise ship operator, returned to the euro bond market for the second time in under four months with a €500m five year deal on Monday.

The University of Leeds kept the UK higher education sector’s run of activity in capital markets this year going at a healthy pace on Friday, as it grabbed a window of stability to print its debut bond.