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Dutch airline KLM has refinanced a €575m revolving credit facility, increasing the size in syndication.

Italian defence contractor Finmeccanica has refinanced its flagship revolving credit facility in a bustling Italian loan market.

Kainos Group, a Belfast-based software company, priced its IPO on Tuesday, raising £52m for selling shareholders and gaining a listing on the London Stock Exchange.

European corporate and fund services providers Vistra and Orangefield are holding bank meetings for a $700m transatlantic buyout loan, despite uncertain leveraged finance markets.

The European Central Bank has piled pressure on Greek banks by making it harder for them to access emergency funding and warning moral hazard could be a reason for it to halt support.

The People’s Bank of China (PBoC) and the South African Reserve Bank (SARB) have signed a Memorandum of Understanding (MoU) for the clearing and settlement of renminbi in South Africa, the two central banks announced on July 7. The move makes South Africa the first offshore RMB hub in Africa.

The global sukuk market is heading for a correction in 2015, with total supply dropping between 40%-50%, according to Standard & Poor’s. But their claim of a stalling sukuk market overlooks thriving international benchmark issuance.

Akbank has added an accordion feature to its ground-breaking three year loan, as it seeks to close the deal on Thursday.

Turbulence surrounding the potential takeover of Colombia’s largest independent oil company Pacific Rubiales is leaving some investors hopeful the borrower’s bonds are undervalued.

BNP Paribas is sounding out lenders for a triple tranche loan that relates to the acquisition of telecom company TDF’s business in France, according to a source.

Philip Morris International is looking to pare down its stake in Indonesian subsidiary HM Sampoerna, in a deal that could raise some $1.3bn. Five banks have been tapped the run the share sale, which could be the largest in Indonesia since 2013.

Malaysia’s Sunway Construction Group priced its MR478.44m ($127.60m) listing at the top of expectations on July 6, with strong local support holding up the trade even as volatility wreaked havoc on equities in Hong Kong and China.