BNP Paribas
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JSW Steel sold a $500m bond on Monday, but the issuer paid some 30bp of premium to close the trade. -
Three high yield Chinese property issuers turned to the offshore bond market on Monday, raising $950m between them.
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Paul Yang is set to take over as head of Asia Pacific at BNP Paribas, succeeding veteran banker Eric Raynaud, who will retire at the end of the year.
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Enel, the Italian power and gas company, is set to push the nascent sustainability-linked bond market to a new currency this week after the company mandated for the first deal in the format in sterling.
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Energie Baden-Württemberg (EnBW), the Germany electricity company, opened books on its €500m no-grow 10 year on Monday, almost a week after the issuer started marketing the trade, which it took as an opportunity to update investors on its sustainability ambitions.
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KfW mandated banks for a seven year euro benchmark on Monday, a deal which was already expected to arrive this week and could well be the German agency’s final public deal in the currency this year.
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Canpack, a Poland-based packaging company, is making its debut in the euro and dollar high yield market this week, as it seeks to shake off the constraints of its private placement-based capital structure and prepare for expansion in the US.
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Aveva, the UK software company, has completed another round of loan financing linked to its $5bn purchase of US industrial software company OSIsoft, with the acquisitive firm taking a sterling revolver but scrapping a planned $900m loan.
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Tesco, the UK grocer, has refinanced its sterling facility with a £2.5bn sustainability-linked deal that uses risk-free rates as a benchmark, as companies try to get to grips with the end of Libor.
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Kasikornbank Public Co rolled out its first Basel III-compliant additional tier one subordinated dollar transaction on Thursday. The Thai borrower bagged $500m on the back of an orderbook that reached $2.5bn at its peak.
