BNP Paribas

Petrochemicals company Saudi Basic Industries Corporation (Sabic) and Qatari bank Al Khalij Commercial Bank printed bonds on Tuesday with no sign of investors wearying of Middle Eastern supply despite $12.5bn having been sold from the region since the start of September.

Quite often, a record period of issuance comes to an abrupt halt as investors require a period of time to digest the volume of issuance, allow for some performance of the bonds they have bought and cash piles to replenish. After a record third quarter in the euro corporate bond market however, investors are keen for more.

Yann Gérardin, head of corporate and institutional banking at BNP Paribas, has been given a group level role as deputy chief operating officer responsible for the division, succeeding Alain Papiasse, who becomes chairman of CIB.

Kommuninvest was able to get more than enough demand for a rare three year dollar benchmark on Tuesday, despite the deal being priced at a level that onlooking SSA bankers said was flat to fair value.

Petrochemicals company Saudi Basic Industries Corporation (Sabic) is in the market on Tuesday with a dual tranche dollar deal.

A DCM banker of five years standing is leaving BNP Paribas to join JP Morgan.

Kommuninvest hit screens on Monday for the first dollar benchmark by a Nordic public sector borrower since August.

Shurgard Safe Storage, the largest self storage property company in Europe, has begun bookbuilding for its flotation on Euronext Brussels, with a price range that values the company at a premium to its closest peers

Corporate dollar bond issuance ended a bumper month with a whimper as borrowers fought shy either side of the Fed’s September meeting.

When UK telecoms company Vodafone announced in May that it had agreed to buy some of US rival Liberty Global’s European operations, it said it would use existing cash, €3bn of mandatorily convertible bonds and new debt, including hybrid bonds to fund the €18.4bn acquisition. On Wednesday, Vodafone sold the hybrid bonds, using four different tenors in three currencies. Nigel Owen reports.

French electricity utility EDF continued a busy September with the first hybrid corporate bond deal in the euro market for more than two months on Tuesday. It also sold a new senior trade in euros, following a $3.75bn triple tranche deal in the US the previous week.

French certification agency Bureau Veritas had its credentials stamped by investors on Thursday when it sold its third deal in three years. The unrated issuer received €1bn of demand for its €500m long six year deal.