BNP Paribas

Eris Lifesciences is set to price its Indian IPO at the top of guidance to raise Rp17.4bn ($269.3m), after books closed multiple times subscribed, according to a banker on the deal.

India’s Bank of Baroda met investors this week on a non-deal roadshow in Europe and Asia.

Chinese issuers are dominating Wednesday’s debt market in Asia ex-Japan, with two issuers launching dollar deals and two investment grade corporates announcing roadshows for transactions.

Orange, the French telecoms company, sold a third of its stake in UK peer BT Group on Monday night through a block trade and used another third to back an exchangeable bond in an attempt to “take a balanced approach when reducing its exposure”, a banker on the deal said.

Coentreprise de Transport d’Electricité made a statement with its inaugural bond issue on Tuesday. The holding company for the French power grid company achieved its aim of raising €2.92bn in three tranches, achieving greater size with the longer bonds.

British Telecommunications brought its second triple tranche euro bond transaction in 16 months on Tuesday. The orderbooks were heavily oversubscribed, with demand skewed toward the longest tranche.

Arabtec Holding, the United Arab Emirates’ largest listed construction firm, said on Tuesday its rights issue was fully subscribed, raising Dh1.5bn ($408m) for a recapitalisation.

BNP Paribas sold a seven year non-preferred issue on Tuesday, in the first ever total loss-absorbing capacity (TLAC) bond transaction aimed at regional investors.

Two Indonesian financial institutions, Bank Negara Indonesia (BNI) and Adira Dinamika Multi Finance, are scheduled to hit the loan market in July.

Danaher Corp, the US healthcare technology group, issued a €850m dual tranche bond on Monday. The latest Reverse Yankee issuer found strong demand for both tranches, resulting in minimal new issue concessions.

Plastic Omnium, the unrated French car parts maker, on Monday became the first company that had held a European bond roadshow last week to launch a deal.

BNP Paribas will look to place a new non-preferred senior bond among regional investors in Germany this week, as it diversifies its investor base for total loss-absorbing capacity (TLAC) eligible debt.