Switzerland
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Dätwyler, the Swiss electronics company, has signed £497m of loan facilities backing its Sfr1bn (£700m) acquisition of Premier Farnell, which makes the Raspberry Pi mini-computer. -
Cott Corp, the US-Canadian drinks maker, on Thursday sold a €450m bond to support its buyout of Eden Springs of Switzerland.
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Investis Group, the Swiss residential property company, is preparing to raise at least Sfr150m ($156m) through an IPO on the SIX Swiss Exchange.
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The successful distribution of a jumbo loan for ChemChina’s acquisition of Syngenta shows that Chinese banks have learned quickly from past mistakes. And as the trend of Chinese companies snapping up prized assets overseas intensifies, they will only get better at arranging large, complex deals.
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Citigroup has hired an equity capital markets banker from Deutsche Bank to help its business in the German-speaking region.
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Credit Suisse launched its second opco level euro senior unsecured deal of the year on Tuesday, and appeared to suffer little ill effect from a Fitch downgrade last week.
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A $12.7bn jumbo Asia-focussed loan to back China National Chemical Corp’s acquisition of Syngenta is “pretty much done”, with several lenders that joined the preceding European syndication reappearing, according to a source close to the situation.
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Credit Suisse launched its second opco level euro senior unsecured deal of the year on Tuesday, and appeared to suffer little ill effect from a Fitch downgrade last week.
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Anglo-Swiss commodity trading and mining company Glencore received a strong oversubscription level for its latest $7.7bn one year loan, but as a strong credit with plenty of ancillary business, the success is no surprise, according to one banker on the deal.
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Swiss chocolate manufacturer Barry Callebaut was on Tuesday five times subscribed on a bond offering after testing European investors’ palates during a five day roadshow.
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Credit Suisse booked its second straight quarterly loss, but beat investor expectations with a win in its wealth management units — the centrepiece of the bank’s turnaround strategy.
