BNP Paribas

UBS appoints Asia DCM syndicate heads – BNP’s SEA loan syndicate head to relocate – Morgan Stanley’s ECM co-head dies at 41 – Goldman DCM banker moves to Macquarie – CMS’s Chien moves to buy-side – Citi builds Oz team – Wong leaves HSBC

General Motors’ joint venture sealed a Rmb10.4bn ($1.62bn) deal in the Chinese securitization market on June 6, marking its biggest outing so far. Bankers on the deal said the auto company wanted to bag the cash before onshore rates come under pressure in the second half of the year.

Simon Gagey, the Southeast Asia head of loan syndicate and sales at BNP Paribas, will be relocating to Paris later this month, according to sources.

Swiss telecommunications group Salt Mobile was this week looking to replace most of its debt capital structure with Sfr2.085bn-equivalent (€1.8bn) of new bonds that have weaker covenants, as the high yield market overcomes a recent bout of eurozone volatility.

Delachaux, the French railway equipment maker, has set the terms on its Paris IPO.

China Construction Bank Corp’s Hong Kong branch made an unusual Friday outing into the bond market, adding $1.5bn to its coffers from two tranches of floating rate notes.

Hong Kong Broadband Network has closed an amendment and extension of a HK$4.1bn ($528.5m) loan sealed two years ago, slicing the margin by 30bp.

Investors flocked to Korea Western Power Co’s (Kowepo) $300m bond issuance on Thursday, finding a safe haven in the government supported credit.

Midea Real Estate Holding filed for an IPO in Hong Kong on Thursday that could raise upwards of $1bn, according to a banker on the deal.

Hera, the Italian utility, has signed a green revolving credit facility, laying claim to bringing the first such deal from the country, amid a wave of environmentally conscious loans spearheaded by southern Europe.

General Motors’ Shanghai-based joint venture is gearing up for its biggest securitization transaction in China. The Rmb10.4bn ($1.62bn) notes will be up for grabs not only for onshore investors, but also those tapping the market via Bond Connect.

French car company Groupe PSA has amended its €3bn revolving credit facility, stretching out the maturity out by five years.