Rabobank
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OCI Nitrogen, the subsidiary of fertiliser giant OCI, has signed a €550m credit agreement with 17 banks, 10 of which are new lenders. -
Gunvor Petroleum Rotterdam, part of Gunvor Group, has secured a $200m project finance loan to develop is refineries and infrastructure.
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Commodities trader Noble Group is in the spotlight again after Fitch and Moody's published divergent ratings on Monday. Fitch took a more benign view on Noble, but Moody's downgraded it to B2 from Ba3 with a negative outlook.
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The trading and marketing arm of Azeri oil firm Socar is refinancing the $150m loan it signed last year, with ING and Rabobank as bookrunning mandated lead arrangers.
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China Mengniu Dairy has returned to the loan market for a $200m fundraising, two years after its offshore debut.
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Mediq, the Dutch pharmaceuticals firm owned by Advent, has launched a €200m dividend recapitalisation, holding an investor call on Wednesday. This follows German industrial services firm Bilfinger offering a €700m term loan at a bank meeting on Tuesday.
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Rabobank has hired a banker for its loan syndications team in Hong Kong, replacing Kitty Leung who left the firm earlier this year.
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Rabobank visited the US market twice this week ahead of what could be another busy summer of dollar funding for European banks.
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Banks considering ‘tier three’ issuance will be buoyed by the recent performance of Nykredit’s senior resolution notes, which have already traded well and helped the bank attract a rating upgrade.
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Bank Nederlandse Gemeenten sold its first social bond on Wednesday, using the more captive investor base for socially responsible investments (SRI) than the usual SSA buyer crowd to achieve a tighter price.
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ASML Holding, the Dutch manufacturer of lithography machines for computer production, was alone in the European corporate bond market on Monday when it issued a €1.5bn dual tranche bond and attracted hefty demand from investors.
