Wells Fargo Securities

Turkish bank Yapi ve Kredi Bankasi has refinanced the 367 day credit facility it signed in April last year, maintaining the size of the lender group.

Rexel, the French distributor of electrical supplies, on Wednesday sold €650m of unsecured notes on a day when investment grade buyers moved into the high yield market.

Bank of China Luxembourg has signed its debut syndicated loan after ICBC’s London subsidiary signed a $1bn deal last year.

JP Morgan paid a negligible premium for a 10.5 year euro senior unsecured deal on Monday, as it became the last major US bank to issue following earnings.

Hammerson, the UK property company, has signed a £420m revolving credit facility with eight banks, including four new lenders.

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Wells Fargo

Vakifbank has bucked the trend in Turkish bank loan refinancing. Its latest $920m-equivalent loan raised a similar amount of dollars as last year despite its compatriots enduring falling commitments from lenders in the currency.

BOC Aviation has made a successful landing with a new 10 year bond in 144A format, shrugging off concerns over its ownership change after a planned IPO this year.

BoC Aviation attracted a horde of investors to its first 10 year bond in 144A format ahead of a planned IPO in Hong Kong. While the proposed listing caused concern among some investors about the company's ownership, bankers on the deal say that the notes’ primary and secondary performance indicates they were in a minority. .

Bond investors woke up to a pair of investment grade Asian issuers on Wednesday with the government of Malaysia seeking bids for a dual-tranche wakala sukuk and BoC Aviation looking to close a conventional 10 year.

Wells Fargo quickly drew a large order book for a €3.5bn dual-tranche senior trade on Monday, as it became the first of the US banks to fund in euros after last week’s better than expected results.