Société Générale
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Petit Forestier, the French refrigerated van and truck hire company, launched its €525m acquisition loan into syndication just days after the UK voted to leave the EU. -
EMEA loans are down sharply this year and few are optimistic that the second half will provide a boost. However, the Schuldschein market has ploughed ahead with deals in another year of strong issuance volumes despite the UK’s Brexit vote last month.
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Kuwait's Burgan Bank established a new EMTN programme on Sunday which has taken it one step closer to issuing in senior format.
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Refresco Gerber, the Dutch drinks bottling company, lost one bank and added two new ones to its syndicate in its €872m refinancing which saw strong demand, the firm said.
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Indian company Piramal Healthcare has sealed a $145m refinancing bridge loan with four lenders.
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French data processing services firm Tessi is marketing €276m of loans to fund its acquisition by Dentressangle Initiatives, as some pressures on the levloan market from EU political tensions recede.
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Sandvik, one of the last Nordic borrowers to refinance as the regional holidays kick off, this week signed a Skr9bn-equivalent credit facility with two banks leaving the syndicate.
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Just one bank was absent from French automotives parts manufacturer Faurecia’s amend and extend deal signed June 24.
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Electricité de France has named 16 banks to underwrite its €4bn rights issue, of which €3bn will be bought by the French government.
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Amid the chaos in global markets on June 24, the IPO of Veneto Banca reached its expected conclusion: the book closed almost empty and the listing was cancelled, leaving Fondo Atlante, the Italian bank rescue fund, to provide the €1bn of capital Veneto had to raise.
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Electricité de France has named four banks to lead its €4bn rights issue, of which €3bn will be bought by the French government.
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Despite the carnage in UK and European bank shares, the bosses of major investment banks have reassured staff that immediate changes won’t follow. But recruitment industry sources predict the opposite, with one headhunter citing client plans to move 37,000 jobs to countries that plan to stay in the European Union.
