Bank of America

Garanti Bankasi has signed a $150m three year loan, only the second three-year deal in Turkey since 2006 after Akbank’s deal in July.

Bank of America Merrill Lynch has made three senior hires in its Asia Pacific research unit, according to a memo seen by GlobalCapital Asia.

Industrial and Commercial Bank of China (ICBC) took the bond market by storm this week, printing a $2bn Basel III tier two offering, the first Chinese bank capital trade since May. Despite coming during a week dominated by speculation about the Federal Reserve’s decision on interest rates, ICBC still managed to meet its price and size targets, offering just a small new issue premium.

When Glencore announced plans to raise $2.5bn of equity, all options were open, but one always looked the most likely: an overnight accelerated bookbuild.

Industrial and Commercial Bank of China (ICBC) took the bond market by storm this week, printing a $2bn Basel III tier two offering, the first Chinese bank capital trade since May. Despite coming during a week dominated by speculation about the Federal Reserve’s decision on interest rates, ICBC still managed to meet its price and size targets, offering just a small new issue premium.

Finnvera took its first ever billion sized bite of a core currency bond on Tuesday, enticing investors with a juicy pick-up over its sovereign’s curve.

Pentair, the UK-headquartered maker of fluid and thermal systems, priced a €500m bond in line with initial price thoughts on Monday, after deciding to plough ahead with its funding plans despite a difficult market.

Sanofi, the French pharmaceutical company, priced a €2bn three tranche bond on Monday — a large slice of the day’s activity as issuers kept up strong supply in a heavy-feeling European corporate bond market.

Industrial and Commercial Bank of China (ICBC) opened books on Tuesday for a dollar tier two offering, taking advantage of the last issuance window before this week’s Federal Reserve meeting. The issuer is replicating the bullet structure used by Bank of China in its 2014 offering, a deal which saw a blowout response.

The International Swaps and Derivatives Association is likely to have to change its licensing practices as a result of a $1.9bn credit default swaps price fixing settlement by banks, according to a source familiar with the case.

Pernod Ricard, the French distiller, priced an opportunistic €500m bond on Monday, paying an 18bp new issue premium in a market that some participants feel is getting heavier.

Brait, the South African private equity firm listed in Luxembourg and Johannesburg, issued a £350m convertible bond on Friday September 11. A banker at one of the leads said the deal, a true credit instrument, was very unusual for a company of this kind.