Santander

Abengoa's banks refused it a vital $1.5bn of new loans over the past fortnight, causing its rescue investor Gonvarri to pull out, sources said today. But Abengoa could yet avoid bankruptcy, they argued.

Gategroup, the airline catering services company, has completed the syndication of its €250m term loan.

It may be late November, but equity capital markets are still busy with a stack of high profile deals, even now that last week's four Greek bank recapitalisations are out of the way. Abengoa's rights issue now looks unlikely to go ahead, as the company's woes have deepened.

Deutsche Bank’s Spanish subsidiary issued its first publicly placed Cédulas Hipotecarias on Tuesday, setting a strong foundation for a further €3bn that it hopes to sell.

UK building materials producer Breedon is eyeing a move to main market of the London Stock Exchange after its £336m acquisition of competitor Hope Construction Materials.

Santander UK was set to take home €1bn of five year operating co senior debt after a swift execution on Wednesday, with its slim new issue premium boding well for borrowers looking to grab funding before year end.

Abengoa is negotiating with five banks and Spain's government for a new €1.5bn credit facility, as the Spanish establishment has rallied round to save the debt-laden renewable energy engineering group, writes Victor Jimenez.

Skandinaviska Enskilda Banken and ANZ took advantage of strong funding conditions in dollars this week, despite a drop in demand for floaters.

Anheuser-Busch InBev, the Belgian-Brazilian brewer, mandated a group of 21 banks to provide its $75bn loan facility, but there was no coordinator as AB InBev took an active role in arranging the transaction.

Banco Popular Español became the first peripheral bank to launch senior debt in just under two months on Thursday, paying around 20bp of new issue concession to tap its outstanding February 2020 bonds.

Anheuser-Busch InBev, the Belgian-Brazilian brewer, submitted a final recommended offer for SABMiller on Wednesday, having raised a record $75bn loan to support the transaction.

Anheuser-Busch InBev has secured a $75bn syndicated loan, which has been described as “the world’s largest ever loan”, for its £71bn recommended acquisition of SABMiller.