BNP Paribas

The US is top of every European banking chief executive’s to-do list for 2016, as they race to comply with new regulations that will define the future of their international ambitions. Consolidation beckons, writes David Rothnie.

The European Stability Mechanism is seeking ideas for a bond issue next week, as the euro market burst back into life following a holiday across much of Europe on Wednesday.

LGC Group, the UK life sciences company, will hold a bank meeting on January 13 for £500m of debt to finance its sale by Bridgepoint to KKR.

Europe's equity capital market lost no time in hitting back after the scary start of Monday, when world markets tumbled after China's stockmarket went into freefall and Saudi Arabia and Iran's war of words became more rancorous.

A $600m loan for the upstream oil and gas arm of Perusahaan Gas Negara (PGN) has seen commitments worth $100m come in so far.

Just as European equity capital sales made a prompt start to the year today with the €1bn NN Group block trade, the equity-linked market has also wasted no time. Safran, the French aerospace and defence company, issued a €650m convertible at what a banker claimed was a record low yield.

Arcadis, a Dutch design and consultancy firm, clinched a €300m revolving credit facility from a group of five banks before the Christmas holiday.

Korea Midland Power Co (Komipo) has mandated three banks for a dollar offering ahead of the redemption of an outstanding note due in March.

Automotive company Mazda drew three Japanese banks to its €500m refinancing facility in late December, allocating over half of the deal to two of them, according to a loan official with knowledge of the deal.

Lippo Malls Indonesia Retail (LMIR) Trust has wrapped up a S$100m ($70.6m) term loan with three lenders.

A $1.5bn refinancing for Tata Steel that went into senior syndication in early December has been funded by 17 lenders.

The GlobalCapital editorial team has picked what it believes to be the standout bond issues of 2015 across the corporate, public sector, financial institution and emerging market bond markets. Below are the Corporate Deals of the Year 2015. We selected the trades that we think will be remembered for their success in challenging conditions, for making the best use of the demand available to them, or for having made a longer lasting impact, such as the re-opening of a market. The winners are presented here.