BNP Paribas

After a barren year of sterling bond issuance from international borrowers, a dry patch that some thought would last until the Brexit referendum in June, an Australian company finally broke the silence on Wednesday.

French industrial minerals producer Imerys brought two tranches of €300m sub benchmark notes to the European corporate bond market on Wednesday and clinched minimal concessions.

BNP Paribas took advantage of a lull in issuance this week to launch a heavily oversubscribed dollar additional tier one transaction, following in the footsteps of UBS, which reopened the market with a blowout last Monday.

Covered bond primary activity slowed this week with just two €500m seven year trades emerging from banks in the Netherlands and Italy.

Deutsche Post, the German courier, issued a €1.25bn dual tranche bond on Wednesday, winning a large order book as investors hurled money at the market.

World Bank tapped Italian retail investors for $165m this week, issuing a 10 year sustainable development bond.

BNP Paribas took advantage of a lull in issuance this week to launch a dollar additional tier one transaction, following in the footsteps of UBS, which reopened the market with a blowout last Monday.

State Bank of India launched its $500m fundraising into general syndication on Tuesday via eight mandated lead arrangers and bookrunners.

Zodiac Aerospace, the French aeroplane seat maker, has sold a seven year Euro private placement to refinance an older Euro PP and the first instalment of a Schuldschein, both issued in 2013.

BNP Paribas has hired a banker for its loan syndicate team for southeast Asia.

HeidelbergCement issued a benchmark high yield bond on Monday that was increased to €1bn and nearly three times oversubscribed.

Gategroup, the airline food services company, has increased the size of a revolving credit facility after an amendment operation, giving the company greater financial headroom.