UniCredit
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FIG supply could slow to a halt before Thanksgiving this year, as bank issuers grapple with a rapidly shifting backdrop in politics and financial markets. -
Turk Telekom subsidiary Avea has signed a €90m nine year loan backed by Finnish export credit agency Finnvera, after Avea's ultimate parent company Otas failed to make a repayment on a $4.75bn loan in September.
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Covered bond supply surged to its highest levels in seven months this week, as issuers scrambled to raise funding before the end of the year and costs soar even further.
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Varta AG, the German micro-batteries manufacturer spun out of the historic Varta Group in 2002, has announced the price range for its Frankfurt IPO, aiming to raise €150m.
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UniCredit has promoted Christian Reusch to head of global syndicate and capital markets, a job held till now by Marco Bales.
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As expected, the loans for the leveraged buyout of Polish auction website Allegro are tightly priced, with tenors of six and seven years for less than 400bp.
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Potential lenders to the Z4.8bn loan for the leveraged buyout of Polish firm Allegro will meet in Warsaw on Thursday where the deal will be launched into general syndication.
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The European subsidiary of US commodity trader Louis Dreyfus is refinancing a $800m dual tranche credit facility after increasing its Asian credit facility earlier in the year.
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The EM primary bond market took just one day to digest Donald Trump’s unexpected ascent to the US presidency before new issuance resumed with a Gazprom bond. That was far quicker than the seven days it took the market to reopen after the Brexit vote on June 23.
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Syndication for the refinancing of $1.235bn of loans for commodity trader Gunvor has closed, with lenders making “significantly oversubscribed” commitments, while competitor Trafigura faces a €2bn maturity this month.
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Shares in ProSiebenSat.1 Media, the German television, radio and publishing group, closed 7.4% lower on Friday after it completed a surprise €515m capital increase to finance future digital acquisitions and strengthen its balance sheet.
