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The crunch is coming. The Middle East loan market has long offered low margins and lashings of liquidity but pricing is widening, just as issuers flock to the market in droves, writes Elly Whittaker.

Intercontinental Exchange expects to complete its acquisition of Interactive Data Corporation early next week, having received all regulatory approvals.

European regulators have dealt a blow to credit default swap investors who are seeking legal reparations against banks on charges of collusion, after the European Commission ditched its long-running antitrust investigation of 13 major banks, citing insufficient evidence.

Finnish retail and property company Stockmann issued an €85m hybrid bond on Thursday, after announcing the deal on Tuesday.

Repsol, the Spanish oil producer, issued a €600m five year 2.125% bond on Wednesday, in a torrid week for commodity markets, to finance a buyback of some Talisman Energy bonds.

Legrand, the French electrical fittings manufacturer, issued a €300m bond on Wednesday, carving out a successful trade in the face of frantic activity.

The steady increase in corporate leverage ratios, driven by investment grade borrowing, is “one area of concern”, Standard and Poor’s said in its European Corporate Credit Outlook for 2016, published on Wednesday.

Investors showed their lack of risk appetite for long dated paper from energy companies after Marathon Petroleum was forced to widen pricing on a 30 year tenor.

Abengoa avoided triggering a bankruptcy credit event on Tuesday by only a single word change in legal documentation after ISDA spent more than a week boggling over Spanish laws and its own credit derivative definitions. But as GlobalCapital went to press, the firm looked to be on the brink of triggering a failure to pay credit event instead, having acknowledged it had missed commercial paper repayments. Dan Alderson reports.

Qatar's Doha Bank signed a $575m two year loan on Thursday, increasing the deal from the launch size of $500m.

Eurofins Scientific, the French laboratory testing company, tried and failed to raise €339m of new capital in an overnight block trade on Wednesday night, despite the very strong recent performance of its shares.

Drax — Balfour — AerCap — Misr — Zesco — Vivalto