BNP Paribas

Investec Bank signed its third and fourth syndicated loans of the year last Friday, and held a bank meeting this week for its fifth loan. The bank plans to stick to smaller, more regular loans in a volatile environment for emerging markets.

BNP Paribas outdid its fixed income and equity peers during the third quarter of the year, as revenues in its corporate and institutional banking division grew 4.2% year on year to €2.62bn.

China State Construction Engineering Corp has picked seven banks to arrange a roadshow ahead of its return to the offshore debt market.

The Export-Import Bank of Korea (Kexim) is testing investors’ appetite for a dollar bond, its first since receiving a credit boost from Standard & Poor’s in September.

Another IPO fell by the wayside on Monday when Electricité de France and other shareholders decided not to proceed with floating EDF Luminus, which claims to be “the number one challenger in the Belgian energy market”.

Autoroutes Paris-Rhin-Rhône, the French motorways group, won a €4.9bn order book for a €500m eight year no-grow bond issue on Thursday, as investors returned in force to the primary market.

Three issuers launched covered bond benchmarks in euros this week, down from nine in the previous week, as borrowers anticipated an improvement in market conditions and lower new issue concessions.

Eurogrid, the German electricity grid operator, swept through the primary bond market at pace on Tuesday with an €880m dual tranche issue that showed there was life in the long dated market.

Autoroutes Paris-Rhin-Rhône, the French motorways group, won a €4.9bn order book for a €500m eight year no-grow bond issue on Thursday, as investors returned in force to the primary market.

Goldman Sachs and Sumitomo Mitsui Trust raised $500m of five year funding this week using a novel triple recourse special purpose vehicle called SumitG.

Polska Grupa Energetyczna, the Polish state-owned power company, has signed Z2bn (€467m) of loans with the European Investment Bank, following a Z5.5bn(€1.3bn) syndicated loan.

Deezer, the French music streaming website, has abandoned its IPO, after the bookbuild closed yesterday without a covered message.