Banks

Dutch brewer Heineken took advantage of a quiet market on Monday’s US Labor Day holiday to print a €1.25bn dual tranche deal with new issue premiums some participants saw in single digits.

Germany’s Cheplapharm Arzneimittel has signed €780m of loans, with the pharmaceutical company using the funds to refinance debt and fund acquisitions.

Arab Petroleum Investments Corporation (Apicorp) is hitting the road for a benchmark sized five year dollar trade, with a deal expected as early as next week.

First Abu Dhabi Bank (FAB) has updated its $15bn EMTN programme, prompting some investors to prepare for a transaction from the Middle Eastern bank — though syndicate bankers are less convinced.

Chinese biotechnology firm Zai Lab is tapping equity investors for around $150m, hitting the market with a follow-on sale of American Depository Shares (ADS).

Larsen & Toubro is looking to raise at least Rp18bn ($254.2m) from the sale of stock in its subsidiary Larsen & Toubro Infotech.

Sinopharm Holding China Finance Leasing, a unit of state-owned China National Pharmaceutical Group, is tapping offshore banks for a $200m term loan.

LAIX, which runs English teaching app Liulishuo, is planning to float on the New York Stock Exchange for up to $100m.

Mainland-based men’s fashion company GXG is eyeing a listing in Hong Kong, tapping three banks to sponsor the IPO.

Vicky He has joined Credit Suisse in the newly-created position of head of syndicate for north Asian loans, after spending a year at Standard Chartered.

Jiten Arora took over as Standard Chartered's global head of commercial banking on August 30, according to a Monday press release.

Grand Baoxin Auto Group has launched a $200m three year loan into general syndication, shaving 16bp off the top-level pricing from a year ago.