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Finnish electricity provider Fingrid increased the size of its revolving credit facility and rejigged the lending group in a refinancing deal that could provide liquidity until 2022.

Italian oil refinery company Saras signed a €265m loan on December 10, cutting its margin on the refinanced facility by about 150bp.

Italy could move to ban banks’ sale of subordinated debt to retail investors, after bondholders suffered losses during the recent rescue of four failed lenders.

The Islamic Republic of Pakistan has raised a new $300m 18 month loan, making a rapid return to the syndicated market.

YiChang HEC ChangJiang Pharmaceutical Co has opened books for a float of HK$1.67bn ($215m), kicking off the process with a renowned pharma investor among the cornerstones.

The People’s Bank of China (PBoC) and the Central Bank of United Arab Emirates have signed a memorandum of co-operation to set up renminbi clearing arrangement in UAE. At the same time the region is set to get its first RQFII quota.

UniCredit has appointed a new head of funding as part of an internal reorganisation.

China National Bluestar wrapped up an unexpected dollar bond last week, forcing some investors to remain on the sidelines due to tight pricing and lack of clarity.

A €630m ($683.6m) facility for a unit of China National Chemical Corp has been allocated, with a dozen banks coming in during general syndication.

Industrial and Commercial Bank of China (ICBC) London has become the lender’s third branch to issue a dollar bond in just over a month. This is part of the issuer’s plans to ramp up its presence in the international debt market with bankers expecting more of its branches to join in.

Indonesian telco tower company Solusi Tunas Pratama (STP) has asked banks to relax a covenant on a loan raised in May as it anticipates future acquisitions that will change its gearing levels.

A rally in US Treasuries could not save Latin American bond prices on Friday as oil prices hit lows not seen in nearly seven years, making for the worst day of an already torrid week in the region’s credit markets.