Natixis

A syndication for a €600m ($663m) two year financing for China National Chemical Corp (ChemChina) is currently under way. Two French lenders are leading the deal and they have invited a select group of lenders to participate.

Alicia García Herrero, who has worked at the International Monetary Fund and European Central Bank, has joined French bank Natixis as chief economist for Asia Pacific.

Sunrise Medical, a German wheelchair maker, is holding a bank meeting on Friday to market a €315m acquisition loan. Like many leveraged finance borrowers this year, it has pre-placed the second lien.

The corporate bond market got back on its feet with vigour on Wednesday, as Capgemini in particular impressed, with a hefty size and even heftier order book for a triple tranche deal — though it had to pay a large new issue premium.

Sunrise Medical, a German wheelchair maker, will hold a bank meeting on Friday to market a €315m acquisition loan. Like many leveraged finance borrowers this year, it has preplaced the second lien.

Women’s clothing maker E-Land World has increased the size of its latest fundraising to $300m, from $200m as Gulf, Hong Kong and Taiwan lenders threw their weight behind the deal, allowing the borrower to benefit from the excess liquidity.

Mercuria Energy Trading, the Swiss commodities trading group, has increased its revolving credit facility during syndication, but still kept it smaller than the $2.65bn it signed last year.

BB Energy, the Lebanese privately owned oil and fuel trading group, has signed a $200m revolving credit facility that was increased from $175m after being twice oversubscribed.

Mercuria Energy Trading, the Swiss commodities group, has found strong support for a $2.65bn loan refinancing, but has not yet decided whether to increase the facility.

Compagnie de Financement Fonciere (CFF) has issued the first euro denominated three year conventional covered bond this year.

Labco, the French medical diagnostics company, plans to refinance all of its bonds with a new €800m issue. It agreed in May to be bought by private equity firm Cinven after pulling an IPO at the last minute.

Exeltium, the French electricity company consortium, has agreed a €1.4bn senior debt refinancing in the largest power project financing in France this year. The deal has a novel financing structure to negotiate better terms from creditors.