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Standard & Poor’s cut Ecuador’s credit rating by one notch to B on Wednesday less than a year after it had upgraded the sovereign to B+.

VietinBank, one of the four largest state owned commercial lenders from Vietnam, is accessing the offshore syndicated loan market for the third time this year, via a $100m three year that is now in general syndication. The margin on the loan is below 200bp.

Technical preparations for the Shenzhen stock bridge are under way, but Chinese market turbulence may delay plans, said Hong Kong Exchange Group (HKEx) chief executive Charles Li at a press briefing on August 12. Meanwhile, HKEx saw record CNH futures volumes after the recent PBoC fixing reform, with Li noting markets now had real need of hedging RMB positions.

Recticel, the Belgian manufacturer of polyurethane foam products, increased its share capital on Tuesday following the exercise of warrants.

Markit has agreed to buy CoreOne Technologies, a provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions.

Mehmet Kutman, the chairman of Global Liman, has reportedly been fined TL617,000 ($223,000) by the Turkish regulator for claims related to the cancellation of the Turkish cruise operator’s initial public offering.

US Reit Medical Properties on Wednesday sold its €500m unsecured bond drawing attention from investment and non-investment grade buyers by being the only corporate issue of the day.

Eton College, the UK public school, made its bond market debut this week, taking advantage of low interest rates to lock in low funding costs for 45 years.

Italy’s short term borrowing costs hit a euro-era record low on Wednesday — but, despite a bail-out deal between Greece’s government and creditors looking imminent, the country’s costs failed to move at a bill auction on the same day.

Korea EximBank launched a dual tranche 2021 Kangaroo bond on Wednesday, its first deal in the format this year.

Bain Capital-owned Wittur, the German lift components producer, has alerted lenders that a financing package backing its merger with Sematic is on the way.

Abu Dhabi National Energy Company (Taqa) has completed syndication of its $3bn loan refinancing and is expected to sign the deal very soon, according to bankers involved.