Natixis

Labeyrie Fine Foods, the French producer of smoked salmon and foie gras, on Wednesday sold a €80m tap of its 2021 secured notes to finance the acquisition of food producers Pére Olive and King Cuisine from Aqualande.

The wave of Chinese acquisitions of Western companies has reached a new peak, with confirmation that state-owned ChemChina has sealed the deal to buy Syngenta, the Swiss agrichemicals and seeds business, for $43bn, as China seeks to secure its food supply.

Bankers say that five years appears to be the right point in euros in a week in which a raft of issuers hit the books.

DCC — SIG — Capital & Regional — Transcom — North Energy

A trio of agencies priced deals on Wednesday after a challenging Tuesday that was impacted by a combination of worrying data from China and low oil prices.

Emirates Global Aluminium has still not completed syndication of its $4.9bn seven year loan facility, despite bankers saying that the deal would have closed before the end of last year.

Public sector borrowers are hitting several parts of the euro curve, with dollar issuance all but dried up before the US Federal Reserve announces later on Wednesday the outcome of its Federal Open Markets Committee meeting.

B&B Hotels, France’s third largest budget hotels group, held bank meetings on Tuesday backing its €800m buyout by PAI Partners from the Carlyle Group and Montefiore Investment.

The European Financial Stability Facility will hit the short and long end of the curve with its second benchmark of the year, a move that is being viewed as an effort to achieve size and duration.

DekaBank made a rare appearance in the public bond market on Monday, but found itself the only FIG borrower active in euros as sentiment took a turn for the worse.

Compagnie de Financement Foncier had been expected to open books for a 10 year benchmark on Wednesday, but postponed the deal blaming market conditions. Rival bankers said the long tenor was the wrong choice for the weak market.

ChemChina is in the early bird stage of syndication for its KraussMaffei acquisition loan and is targeting relationship banks, according to a banker familiar with the deal. Commitments are due around the end of the month.