Mizuho

CLP Power Hong Kong's latest $300m bond offered a rare bit of stability in a volatile market, making the well-established borrower popular with investors — but only for the right price.

Gunvor, the Swiss energy trading company, has signed an $872.5m guarantee facility. Lenders' demand for assets is so big that the deal was oversubscribed by 45%.

The London branch of South African lender Investec has successfully debuted in the sustainability-linked syndicated loan market.

American Honda, the North American subsidiary of the Japanese automotive maker, hit screens with a euro benchmark trade on Tuesday, as corporate bankers reckon central bank tinkering will see a rise in Reverse Yankees at the back end of the year.

Santander is preparing to make use of some attractive Australian dollar bond market conditions to sell the first bond from its new Kangaroo programme.

Prada, the Italian fashion house, has completed an amend and extend operation on its main bank revolving credit facility. Lenders say similar deals will make up the bulk of their business for the rest of the year.

The ESG loan market has had a busy week, with Swedish ingredients company AAK and German container shipping firm Hapag-Lloyd agreeing sustainability-linked and green debt.

European companies piled into the bond market on Wednesday with a variety of deals that favoured duration, as buoyant sentiment returned after being sapped by the US Federal Reserve last week.

Singapore-based agriculture company Olam International is tapping shareholders through a rights issue, to raise S$601.7m ($447.2m) to repay debt from a recent acquisition.

The Export-Import Bank of Korea (Kexim) sold the first public 20 year dollar bond from a FIG issuer from the country this week — potentially paving the way for other borrowers to also opt for the same tenor. Morgan Davis reports.

Singaporean logistics company GLP used a subordinated perpetual bond structure to raise $300m of green funds this week.

AAK, an ingredients company in Sweden, has renewed its €400m revolver, adding sustainability-linked metrics to the deal for the first time.