BNP Paribas

The Asian G3 debt market opened on Monday with two deals from financial names and a mandate, in addition to two launches from corporates, following the positive sentiment overnight from the French presidential election.

Huachen Energy Co is prepping investors for its inaugural appearance in the international bond market, meeting fixed income accounts next week.

Landesbank Baden-Württemberg (LBBW) is marketing its first Singapore dollar-denominated transaction, a Basel III tier two subordinated bond, joining a slew of European lenders that have sold deals in the currency.

The Belgian government sold the first chunk of its stake in BNP Paribas for €2bn through a structured trade that began on Wednesday night. The four bookrunners priced the trade aggressively and were left long of some stock, but luck has been with them so far, write Jon Hay and Aidan Gregory. They will be praying their fortune holds and Emmanuel Macron wins the second round of the French presidential election on Sunday.

The IPO of VolkerWessels, the Dutch construction and property development company owned by the Wessels family, achieved coverage on its full deal size by Wednesday morning, two working days into the bookbuild.

The public sector dollar market is set to put a series of obstacles behind it to resume full pace next week — but issuers may opt to instead take advantage of sumptuous conditions in euros.

FMS Wertmanagement nipped into a quiet dollar market to print a three year Reg S only syndication, the issuer’s first dollar deal at that point of the curve to come through mid-swaps this year.

Martin Egan has been elected chair of the International Capital Market Association at the trade body's annual general meeting in Luxembourg, replacing Spencer Lake.

Tokyo-headquartered Orix Corp, which provides financial and investment services, has tied up a $400m two year financing with a group of banks.

General Motors Financial Co made its first journey of the year to the euro bond market on Wednesday, issuing a €1bn four year floating rate note.

On Wednesday night, the Belgian state conducted one of the largest equity block trades of the year so far – a 2.5% stake in BNP Paribas.

A pair of European borrowers have ventured into the otherwise deserted dollar market, ahead of a Federal Reserve rates decision tonight.