Natixis

Abu Dhabi's Mubadala has tightened the margin on its $1.75bn three year refinancing, despite the price on the original loan already being “eye-wateringly low”, according to one banker.

The CEEMEA bond market is in full flow as issuers jump in ahead of the FOMC meeting, Brexit vote and Ramadan. Two issuers are out with initial price thoughts and a string of others have mandated for new bonds.

Insurance firm Delta Lloyd has agreed its first revolving credit facility for €600m but the borrower has no immediate plans to draw on the facility, according to the Dutch firm’s chief financial officer.

Ghana Cocoa Board (Cocobod) will complete senior syndication of its $1.8bn annual loan and launch the general phase next week, according to a lead banker.

After a bumper week in dollars, euros will be back on the CEEMEA table this week with PKN Orlen and Croatia wrapping up meetings on Tuesday. But the European Central Bank meeting on Thursday and US data on Friday is expected to keep issuance limited this week.

Commodities trader Gunvor Singapore has increased the size of its latest loan to $1.041bn from the launch size of $750m, signing the deal on May 25, according to sources.

French lender BPCE became the latest bank to shore up its Basel III tier two capital in the Singapore dollar bond market this week.

McCarthy & Stone — OHB — Artsana — Eir

China Huarong Asset Management and Midea Group are out with their respective dollar offerings while France’s BPCE is attracting bids for a Singapore dollar-denominated Basel III tier two.

Fnac held the bank meeting for its €1.35bn acquisition loan last week and aims to wrap up the deal by early June, according to a banker on the deal.

Artsana, the Italian babycare products manufacturer, has replies due on Thursday for its €575m debt package backing InvestIndustrial’s 60% equity stake acquisition.

SNCF Réseau sold a dual tranche euro deal on Friday, its second benchmark of the year. The French agency is stepping up its benchmark activity in light of increased funding needs, according to a banker at one of the leads.