Banks

Element Materials Technology, the UK materials testing company owned by Bridgepoint, was looking for a small loan extension this week, and seeking consent from its investors for higher leverage ratios under the loan covenants.

Nomura said it had appointed Ralson Roberts, formerly Goldman Sachs's co-head of EMEA execution services, as chief executive of Instinet, its agency brokerage unit.

Peru set the final size of its new 10 year local currency benchmark at Sl10.35bn ($3.06bn) on Friday after allocating some Sl4.438bn of notes to investors participating in a tender for existing bonds.

VTB Capital is encouraging Russian borrowers to consider the dim sum market as a supplementary source of funding because their access to core markets has been restricted since the US imposed sanctions in April. However, the potential scale of the dim sum market is limited.

The UK’s Financial Conduct Authority has been looking into bondholder concerns after HSBC decided to reclassify four legacy bank capital instruments earlier this year, leading to a plummet in their value.

iDreamSky Technology Holdings has pocketed HK$838m ($107.1m) after pricing its IPO just below the mid-point of guidance, according to a banker close to the deal.

Grand Baoxin Auto Group took $358m from the syndicated loan market after launching its latest deal at $200m in September.

Chinese property developer KWG Group Holdings executed a swift tap last Friday to use up the rest of its fundraising quota for the year, adding $150m to its coffers.

Chinese brokerage Huatai Securities has won approval from the Mainland regulator to list Global Depository Receipts (GDRs) in London through the connect scheme with Shanghai.

China’s Kunming Dianchi Water Treatment has launched its debut offshore loan of $150m.

In this round-up, Donald Trump and Xi Jinping agreed to hold back from new tariffs for 90 days, Bloomberg received the green light from China Foreign Exchange Trade System (Cfets) to become the new trading platform for Bond Connect and CIBM Direct, and UBS obtained approval to acquire a majority share of onshore joint venture UBS Securities.

JP Morgan blew open the dollar market with the first big US bank trade in more than an month and its first since reporting third quarter earnings on October 12.