MUFG

Sandvik, one of the last Nordic borrowers to refinance as the regional holidays kick off, this week signed a Skr9bn-equivalent credit facility with two banks leaving the syndicate.

The Loan Market Association appointed four new board members at its annual general meeting this week

Just one bank was absent from French automotives parts manufacturer Faurecia’s amend and extend deal signed June 24.

Electricité de France has named 16 banks to underwrite its €4bn rights issue, of which €3bn will be bought by the French government.

Bank of Tokyo-Mitsubishi UFJ has appointed a new head of global corporate banking business for Asia and Oceania.

Indonesian motorcycle credit company Federal International Finance (FIF) has roped in nine lenders to supply a $200m three year loan on a club basis.

CP Pokphand, part of Thai firm Charoen Pokphand Group, has raised a $600m loan to repay outstanding debt.

Truly International, the holding company of LCD panel maker Truly Group, has tied up a HK$4.5bn ($580m) four year financing with a group of nine banks.

Manchester Airport Group, the UK airports company, has signed £560m of refinancing loan facilities after a recent bond issue.

State Bank of India has allocated its latest $500m borrowing, finding demand from eight new lenders during syndication.

China Development Bank sold a $1bn bond on Thursday, wrapping up its third offshore outing of the year. Thanks to its quasi-sovereign status as well as savviness in timing, the policy bank managed to catch an opportune window for issuance.

The dollar market ended its record-breaking run of issuance this week as uncertainty around the outcome of the UK referendum vote caused buyers to take flight and spreads to widen.