BNP Paribas

Indonesia’s Pertamina has withdrawn a cash tender offer for its 2021 and 2022 notes and will not be selling a new bond at this time due to unfavourable market conditions.

A veteran debt banker at BNP Paribas is set to leave the firm at the end of October, according to multiple sources close to the situation.

Ukraine raised $2bn with a dual tranche offering on Thursday, returning to capital markets in benchmark size for the first time in more than a year, fresh from its agreement with the International Monetary Fund (IMF).

Some Schuldschein investors claim a slew of transactions being shown to lenders have reached their desks only because the arrangers are trying to sell on their own exposure to troubled borrowers. But deal arrangers have reacted forcefully, and said such claims are sheer fantasy. Silas Brown reports.

The hefty chunk of SRI bond supply from the public sector in the second half of the year shows no signs of slowing down, with plenty in the pipeline — including from a debut issuer.

Two Middle Eastern borrowers printed seven year sukuk dollar benchmarks on Wednesday, restarting the market after a few weeks of flagging issuance.

Consolis, the French concrete producer owned by Bain Capital, has abandoned its €135m IPO on Euronext Paris, blaming volatile markets.

The UK’s B&M will move into the French retail sector with a debt-financed acquisition of discount retailer Babou.

Two Middle East credits are on screens for dollar bond, with more in the wings waiting to come to market.

Malaysia’s Tenaga Nasional Berhad (TNB) raised $750m from a Wakala sukuk sale on Tuesday, navigating market worries by using a targeted approach for its deal.

Bank Nederlandse Gemeenten mandated banks on Tuesday to arrange a series of investor calls for its first sustainability bond of the year.

BNP Paribas has shaken up the structure of its corporate and institutional bank, disbanding its long-standing corporate finance unit and making a string of senior appointments.