BNP Paribas

Réseau de Transport d’Electricité issued a benchmark 10 year bond on Thursday that grew to €1bn, as a French-driven order book for the bond hit €3.5bn.

Allied Irish Banks was in a generous mood on Thursday, launching its first tier two since the crisis at a much higher premium than rival bankers thought necessary.

Asia’s nascent covered bond market welcomed Korea Housing Finance Corp’s first transaction in more than two years on November 12. Thanks to strong support from US and European investors, books built strongly and allowed the issuer to price inside its fair value.

BNP Paribas moved beyond its capital raising plan for 2015 on Thursday as it launched its third tier two transaction of the year, bringing it close to fair value.

BNP Paribas has appointed Rupert Lewis head of European bond syndicate.

Groupe SEB, the unrated French domestic appliances manufacturer, pulled in a €2.5bn order book for a €500m no-grow bond on Wednesday.

Bahrain took $1.5bn from a dual tranche deal this week. But despite the unusual size of each tranche and the lack of price tightening, rival bankers kept their knives sheathed in recognition of how difficult the Middle East market has become.

Public sector borrowers are putting the final touches to their funding programmes for the year amid stable market conditions, but there are few signs that any will pre-fund for 2016 in large size.

Santander UK was set to take home €1bn of five year operating co senior debt after a swift execution on Wednesday, with its slim new issue premium boding well for borrowers looking to grab funding before year end.

Singaporean utility company SP PowerAssets made a rare outing to the dollar bond market on November 18, raising $700m from a tightly priced 10 year note.

TUS Holdings managed to raise $400m from its debut international bond this week, with anchor orders and private banks driving demand.

Allied Irish Banks revealed a 90bp jump in its fully-loaded common equity tier one ratio on Tuesday, and wasted no time in mandating banks for a highly anticipated tier two deal.