BNP Paribas

Kuwait Projects Company (Kipco) was on track to print 2016's first corporate bond from CEEMEA on Tuesday as Turkish conglomerate Koc Holdings also said it would issue a seven year bond.

Singapore’s OUE Hospitality Trust is carrying out an underwritten and renounceable rights issue worth S$238.6m ($171.4m) as it seeks to raise funds for an airport hotel purchase.

All but one of the banks that underwrote Saipem’s €3.5bn rights issue, and were left holding €427m of the Italian oil and gas engineering group’s stock, are selling down their stakes tonight.

International Flavors & Fragrances was the only corporate issuer in the euro bond market on Monday as the US company made its debut offering in the currency.

ABN Amro has picked a former BNP Paribas banker to head its MTN private placement desk.

Holding Slovenske elektrarne (HSE), the largest electricity provider in Slovenia, will begin roadshowing its high yield debut bond on Tuesday, as market conditions recover from a bruising start to the year.

Kuwait Projects Company (Kipco) will open books on a seven year bond after completing investor meetings on Monday.

Saka Energi Indonesia, the upstream oil and gas arm of state-owned Perusahaan Gas Negara, has signed its $600m loan, finding demand from seven lenders in syndication.

BNP Paribas reopened the euro tier two market on Friday with a sharply priced trade, the first capital deal of any sort from a European bank in over seven weeks.

South Korea’s Shinhan Bank has mandated five banks for its bank capital debut in the international bond market.

Korea Resources Corp (KoRes) is set to make its first appearance this year in the international bond market, having mandated four banks to work on a dollar offering.

Telefonica’s €600m equity-neutral convertible bond, launched and priced on Wednesday, proved controversial and had to be restructured mid-sale, highlighting the discomfort many investors feel with some of the currently fashionable CB structures.