SEB

With an unreconciled order book of almost €800m, Commerzbank’s €250m negative yielding eight year Pfandbrief tap issued on Friday neatly illustrated the desperation of investors.

Finnish crane manufacturer Konecranes has signed €1.5bn of loan facilities for its revised agreement to purchase a unit of US firm Terex.

Cloetta, the Swedish confectionery company, has agreed Skr3.7bn ($430m) of unsecured loans with a group of four Nordic banks, its first ever syndicated loan.

Dutch-American materials firm Advanced Metallurgical Group has amended a $320m loan. The issuer also improved the terms of the deal, having made a commitment in 2011 to lower its leverage.

Riemser, the German pharmaceuticals firm, has release priced guidance on its €286m seven year term loan ‘B’ dividend recap. While the UK's Vue Entertainment has privately placed its €120m term loan.

Shares in BW Offshore, one of the world’s largest operators of floating oil production and storage vessels, traded up in Oslo on Monday after the company completed its Nkr847m ($101m) rights issue.

Swedish car safety specialist Autoliv has refinanced a $1.1bn revolving credit facility, with two banks leaving and two joining the syndicate. Deals in the region have seen rival lenders increase their share of bookrunning volumes this year.

Two Ardian owned firms joined several others in the market late this week — leaving levloan participants incredulous at the market's strength in the wake of the Brexit vote.

SSM Holding, a leading Swedish builder of flats, is preparing to list on the Stockholm exchange, the company said in a statement on Tuesday morning.

Norwegian renewable power company E-Co Energi brought in two new banks to its latest Nkr1.5bn (€160.6m) refinancing, and saw two leave the syndicate.

Commerzbank issued the first euro covered bond since June 15 on Monday, and though it was a clear success, no other issuer ventured to follow.

The Asian debt market has had a slow but steady stream of deals since the Brexit vote on June 23, but Bank of China blasted the issuance window wide open on Tuesday with a $3bn five tranche, multi-currency transaction — the region’s largest international green bond. Max Bower reports.