UniCredit

Spanish private hospital operator Grupo Hospitalario Quirón has signed off the €2.15bn loan that backs its merger with rival chain Idcsalud, shrugging off market volatility to win favourable borrower's terms.

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UniCredit's investment banking results are dominated by loan losses, with financing revenues from Italy swelling 62% but entirely wiped out by provisions taken in the region. Separately, Jean Pierre Mustier, the head of the unit, announced his departure on Tuesday.

Jean Pierre Mustier has decided to leave his role as head of UniCredit’s investment bank, and plans to head instead to take on "an external role focused on the financing of the real economy, through debt and equity”.

Commodity trader Gunvor Group has refinanced a $500m secured revolving facility, replacing the one year loan it signed last year in July as well as funding its refining and marketing activities around Bavaria.

Ink firm Hubergroup has signed a €250m three year refinancing facility split between a term loan and revolving credit facility.

Russia's Brunswick Rail, the privately owned freight rail car operating lessor, has signed an Rb8bn ($228m) two year loan from international banks, as small club-structured deals continue to give Russian lenders access to the loan market in the face of sanctions fears.

Deutsche Hypothekenbank, NordLB’s commercial real estate subsidiary, opened books on Monday for its first Pfandbrief of the year. This is the first time for more than four years that a German issuer has priced a deal in the second half of July but leads still attracted a heavily oversubscribed order book.

Net4Gas, the Czech gas transmission system operator, launched its first bond on Thursday, raising €460m with a two tranche deal.

Maire Tecnimont, the unrated Italian company that builds large hydrocarbon and chemical plants, will issue its first bond after a roadshow.

Borrowers' continued confidence in the leveraged loans market is affecting deal structure, with private healthcare operators Générale de Santé and Quirón structuring their respective €1.1bn and €2.15bn deals to target term loan ‘B’s to banks, who usually prefer the amortising payments of term loan ‘A’s.

Grupo Hospitalario Quirón, the Spanish private hospital operator, has launched a €2.15bn loan to back its merger with rival chain Idcsalud, owned by CVC.