Barclays

India’s Reliance Industries signed its $1.47bn dual-currency loan at the end of last week in Dubai, with the deal sealed following commitments from a group of around 30 lenders.

Danone returned to the corporate bond market on Monday for the second time this year, with a €750m 8.5 year bond.

Bank of Jinzhou Co started taking orders on Monday for its up to HK$7.31bn ($943.25m) IPO in Hong Kong, with just one cornerstone investor taking up 15% of the shares in the Chinese city commercial lender.

Housing Development Finance Corp (HDFC) has picked five banks to work on India’s first offshore rupee-denominated, or Masala bond, with the deal expected to launch as early as next week.

A tiring but positive week for syndicate bankers ended in a flurry of deals on Friday, as four issuers bathed in the ebullient tone of the corporate bond market.

Another SSA issuer is lining up a seven year euro deal after three borrowers tapped that spot to the tune of over €2bn this week.

Groupe BPCE launched its first tier two deal of the year on Friday, taking advantage of a buoyant market requiring slimmer new issue premiums.

The leveraged finance market suffered an unpleasant shock this week, when $5.6bn of loans and bonds for the Carlyle Group’s acquisition of Veritas Software had to be pulled. Bankers were left blaming market sentiment, an aggressive structure — and each other, write Max Bower and Victor Jimenez.

British American Tobacco has offered the sterling market its second long dated bond in as many days, a £350m 40 year tranche as part of a €1.1bn offering.

Avago Technologies, the US semiconductor components maker, has increased the €500m tranche of its term loan ‘B’ to €900m on strong demand, in another sign of the European leveraged loan market’s competitiveness.

Mondelez International, the US snacks group that owns Cadbury, satisfied its taste for long dated sterling debt on Tuesday, reaching far out along the curve to issue a £400m 20 year bond.

Monte dei Paschi di Siena (MPS) issued a €1bn 10 year Obbligazioni Bancarie Garantite (OBG) this week. The deal came with a 2.125% coupon, the highest of any covered bond sold this year.