Natixis

Li Ka-shing’s Cheung Kong Property is scheduled to sign its reorganisation loan at a reduced size of HK$40bn ($5.16bn) with 28 lenders. The trade, which started out at HK$55bn, was heavily oversubscribed as 28 banks piled in with commitments of at least HK$5bn each.

Jerrold Holdings, the UK mortgage lender, priced a £100m tap of its debut high yield bond, double the £50m it initially sought, on Monday to repay some of its banking debt.

Club Med has allocated its €400m acquisition loan to early bird lenders, avoiding a process of general syndication, after commitments filled the book during its pre-launch stage.

Indonesian oil and gas company Pertamina has asked banks to review covenants on a loan it wrapped up in February, as future capital expenditure requirements might make it difficult for it to stick to the existing conditions.

Rating: AA/Aa1/AA

Although oversubscribed, the first €3bn syndication from a public sector borrower since the European Central Bank began buying in the sector — a 0.2% April 2025 issue for the European Financial Stability Facility — has left bankers fretting over crowded-out investors deserting SSA debt in the single currency, writes Tessa Wilkie.

Credit Suisse became the fifth European financial name to tap the Australian dollar market in less than a month on Thursday.

Three euro benchmark covered bonds were issued this week from borrowers in Belgium, Norway and the Netherlands. But it was the debut Dutch conditional pass through (CPT) structure from Van Lanschot Bankiers that proved the most interesting.

Turkish banks finally look set to become part of the covered bond market this year as Akbank lines up its first euro-denominated benchmark.

Hong Kong listed Fosun International's $500m loan has received commitments from seven lenders. The deadline for the loan, which was originally April 24, has been extended until April 30 to give banks time to process credit approvals.

Euro supply from public sector institutions is being stifled by a double whammy of ultra low yields in the currency and escalating tensions over Greece's financial future.

French lender Natixis is continuing its push into the Asia Pacifc debt capital markets with a senior hire from ANZ.