BNP Paribas

Comcast got October off to a flyer after high-grade corporate dollar issuance slumped to its weakest level for four years in third quarter. However, aside from Comcast there were slim pickings in the high-grade market this week.

LeasePlan, the Dutch car leasing company, has launched its IPO on the Amsterdam and Brussels bourses, having filed an intention to float document on Thursday.

Most European leveraged loan deals in October are achieving savings of 25bp and more over price talk, with demand on the rise. The loan offering to fund Advent’s buyout of Distributed Power confirmed this trend, as it tightened margins and issue discounts.

Romania hit screens on Thursday morning for its second dual tranche euro benchmark of the year.

The Brussels IPO of Shurgard Self Storage, the largest operator of self-storage facilities in Europe, is covered, less than three working days into the bookbuild.

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.