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Oil services company Fugro on Thursday cut the size of its credit facilities from €775m to €500m, with one bank dropping from out of the lending group.

Italian oil drilling company Saipem has completed a €4.7bn debt refinancing, with 21 banks participating in its first syndicated loan.

David Lloyd Leisure, the TDR Capital owned UK gym and spa firm, is widening pricing on its £380m debt offering after prospective lenders missed the Tuesday commitments deadline.

Europlan, the Russian car and truck leasing company, has completed its IPO on the Moscow Exchange, raising Rb3.27bn ($47m). Allocations were made on Thursday December 10.

China Overseas Finance Investment (Cayman) V raised $1.5bn from an extremely popular exchangeable bond on Wednesday, with the order book swelling to twice that amount.

The European Stability Mechanism has announced a 23% increase in funding for 2016 as well a diversification play into privately placed issuance in its December newsletter.

Two Indian healthcare companies closed extremely successful IPOs on Thursday, with Alkem Laboratories and Dr Lal Pathlabs fully covered mid-way through bookbuilding. And with India’s equity capital market buzzing with activity, bankers are telling their clients to seize the day before uncertainty sets in, writes John Loh.

China’s Panda bond market is gaining plenty of traction with Standard Chartered becoming the third foreign bank to sell notes in the onshore renminbi market this year. And with a pair of sovereign issuers eager to launch their deals, the asset class is set to soon eclipse dim sum bonds, writes Rev Hui.

Russian steel company Evraz has set the yield on a long five year benchmark at 8.25% area, a level that bankers away from the deal said was roughly in line with where he calculated fair value for the bond.

Drax Group, which operates the UK's largest power station, has refinanced its £400m revolving credit facility, making "minor changes" to its lending group, and cutting 50bp from the margin.

Reserve Bank of India has issued a new framework to regulate offshore borrowing by Indian companies. While the changes are aimed at reducing the stress in the country’s banking system, the rules have led to bankers questioning how they will adjust to the new regime. Shruti Chaturvedi reports.

The European Bank for Reconstruction and Development has printed a private placement in Mexican pesos as part of its micro-finance bond programme for small businesses.