Wells Fargo Securities

A tinge of risk-aversion crept into the US corporate bond market on Thursday, as investors digested the US government’s decision to broaden its sanctions on Russia over the situation in Ukraine.

Bank Rakyat Indonesia, which started sounding out lenders for a fresh fundraising in early May, has picked seven banks for a $370m loan, managing to increase it from the $300m it was originally targeting.

The largest US home lender reported a dip in its quarterly earnings on Friday, ending its record run of 15 consecutive increases.

Indian film company Eros International launched a follow-on worth around $109m on July 7, offering a total of 7m shares to investors.

A subsidiary of Garanti Bank has signed a $374m-equivalent one year syndicated loan.

ECM Asset Management, the London-based investment firm owned by Wells Fargo, expects to secure final approval this month to begin committing money to leveraged loans in its multi-asset class funds.

Wells Fargo continued the slew of big ticket issuance from financial names with a $4.5bn deal that pushed its total dollar funding in the past six weeks beyond $8bn.

Wells Fargo gathered strong interest for a 10 year euro benchmark on Wednesday, investors were attracted to the deal by a healthy outright yield. Santander Consumer Bank decided to hit the other end of the curve, selling two year debt.

Wells Fargo is not trying to make a splash. But when the largest bank in the world by market cap gets into the water, expect a few ripples.

State Bank of India has closed its loan at $554.5m, managing to gather enough demand during syndication to increase its borrowing from the launch size of $390m.

VakifBank has signed a $995.5m-equivalent loan, becoming the latest Turkish financial institution to refinance its one year bank debt.

Wells Fargo this week took advantage of a lull in primary investment-grade activity with a double swoop on the dollar market, taking home more than $4bn.