BNP Paribas

BNP Paribas’s Singapore chief executive officer is relocating to the US to take up a new position within the bank, according to sources.

E.On has closed syndication of the €5bn loan financing for its €20.42bn takeover of Innogy, as part of the complex three-way deal between those two companies and RWE, which will reposition E.On as a distribution and supply company and RWE as a generator.

Medical diagnostics firm Unilabs launched a benchmark size extension of its loan debt on Monday, as a range of investors clamour for paper despite issuance volumes running ahead of last year’s record pace.

The tone in Europe’s corporate bond new issue market continued to strengthen on Thursday, as two issuers came to market and achieved strong sales, despite a wider market that worsened during the day.

Nomura has hired a veteran BNP Paribas banker to lead its recently combined FX and emerging markets divisions in London.

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.