BNP Paribas

More banks are expected to bring dual tranche trades in the coming days to get a jump start on 2016 funding, with issuers distrustful of primary market conditions.

A $1.775bn loan for ONGC Videsh, the international arm of India’s Oil and Natural Gas Corp, has attracted commitments from just two lenders in syndication, with the deal due to close by the end of this week.

Carnival Corporation, the US cruise ship operator, returned to the euro bond market for the second time in under four months with a €500m five year deal on Monday.

Austria is to print a 10 year benchmark as investor sentiment rebounded after a torrid time last week as BNG priced a seven year bond.

Multiple FIG bonds hit the primary market for the first time in a month on Monday as European bank stocks continued their rebound to ease the pressure on borrowers.

BNP Paribas’s corporate and institutional bank shone in 2015, with revenues up 13.2% compared with the previous year. And while some have criticised the bank for letting its strategy rely too much on competitor retrenchment, BNPP's head of CIB Yann Gérardin said it was already well into its strategic transformation.

Supranational and agency borrowers showed their steel once again this week, printing a series of euro deals in the face of strong volatility.

In early hybrid capital instruments, deferred coupons could be settled by proceeds from the sale of ordinary shares, in a process known as an alternative coupon satisfaction mechanism (ACSM).

Standard Bank is in the market for two loans, a $750m deal for Standard Bank of South Africa and a deal for its Kenyan subsidiary, Stanbic Kenya, according to bankers.

Royal Dutch Shell has cancelled its £10.07bn ($14.56bn) bridge loan, instead opting to pay for the cash element of its $82bn acquisition of BG Group with cash on balance sheet.

Action, the Benelux non-food discount retailer, has allocated its €1.2bn dividend recap and refinancing facilities at an impressive margin in volatile market conditions.

Bpifrance Financement sold a five year €500m bond on Wednesday as a moderate rise in Bund yields suggested calm after a turbulent open to the week.