Banks

Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, has offloaded a small part of its stake in Kazatomprom, the state-owned uranium mining company, via an accelerated bookbuild on Wednesday evening.

The corporate bond market took its foot off the gas a little on Thursday, and Dutch gas distribution firm Netherlands Gasunie had the market to itself as it extended its curve by three years.

General Electric has announced the early bird results of a multibillion dollar and euro bond buyback and cut the offer period after a huge response from early deadline investors.

Industrial and Commercial Bank of China (London) has closed its first green loan, a $370m dual currency facility, a year after issuing its debut green bond.

Royal Bank of Canada on Thursday became the first international bank to issue a five year Sonia linked covered bond, a trade that delivered competitive pricing and sizeable funding.

HSBC has finalised its new corporate broking line-up, after a review conducted by its chief financial officer Ewen Stevenson. It has hired Morgan Stanley and Bank of America Merrill Lynch as brokers, replacing Goldman Sachs and Credit Suisse.

Adani Transmission, the Indian power grid company, is marketing a debut US private placement, according to several market participants, who are watching the potential deal closely to see if it could spark a return for Indian names in the sector — a decade after it was burnt by a deal gone awry.

Sodexo has signed a revolving credit facility that has a margin linked to food waste reduction, as the French food services and facilities management firm joins a growing trend of corporates tweaking sustainability-linked deals to suit their characteristics.

Credit Suisse’s differentiated approach to clearing has been much praised by clients this year. It combines the responsiveness of a boutique with the platform capabilities that allow its clients to scale. It has become a European champion in a business in danger of being dominated by US banks and is GlobalCapital’s Global Clearing Bank of the Year.

Abanca Corporación Bancaria returned to the euro bond market on Thursday for its second tier two of the year. The Spanish lender was able to tighten pricing for its €300m deal by 50bp, helped by an order book that was nearly four times subscribed.

Cirsa, a Latin America-focused gambling company owned by Blackstone, raised new PIK toggle debt this week to pay a dividend, thereby derisking its initial investment — by selling bondholders what looks like a top-of-the-market trade. But the company generates plenty of cash, and investors showed up in force, allowing it to boost the size of the bond and associated payout.

Russia’s State Transport Leasing Co, also known as GTLK, printed a $550m Reg S bond on Wednesday from a book of more than $1.3bn, with a surprisingly high proportion of US offshore demand.