BNP Paribas

The market welcomed a dose of investment grade rated corporate and financial supply on Thursday. State-owned enterprise (SOE) Shougang Group saw its bond rally in the aftermarket, while onshore brokerage Huatai Securities and China Ping An Insurance Overseas also managed to price deals tightly.

Vesteda, the Dutch housing company, proved there was plenty of hunger for green bonds on Thursday, when its first issue of the kind, a €500m no-grow eight year, hoovered up orders to finish six times oversubscribed.

Two issuance platforms are approaching readiness: one in bonds, one in loans. Both promise time and cost savings by replacing multiple systems with a single platform for issuers, dealers and investors, and automating documentation and payments.

The dollar corporate bond market showed its resilience this week as issuance rebounded, despite the US-China trade turmoil. “Trump, Trump, Trump,” was how one syndicate manager explained the reasons for the return of volatility as high grade credit markets see-sawed with the President’s mood swings.

France’s Eiffage has doubled the size of its revolving credit line to €2bn, with the civil engineering construction company becoming the latest name to add social and environmental language to its loan documentation.

A trio of French companies moved ahead with Schuldschein deals this week, and bankers expect the coming weeks to be packed with borrowers seeking to raise funds before the summer.

The latest chapter in the US-China trade war resulted in some serious market turmoil this month. But Hong Kong seems to have avoided the worst of the volatility: the city’s stock exchange approved four applications and each issuer has hit the road. Will investors bite? Gina Lee and Jonathan Breen report.

Frasers Centrepoint Asset Management, manager of Frasers Centrepoint Trust, is planning a sale of up to S$436.8m ($308m) in new trust units.

A high yield bond origination banker has left BNP Paribas.

Export-Import Bank of Malaysia is tapping the offshore loan market for a $300m Islamic borrowing.

France’s Vilmorin & Cie has launched a €150m multi-tenor Schuldschein, as French corporate appetite for the traditionally German private debt market shows little sign of abating.

Dutch firm Mercon Coffee Group has signed a $450m sustainability-linked revolving credit facility. The lead bank claimed the deal was the first of a kind.