BNP Paribas

Korea Housing Finance Corp is gearing up to issue its first covered bond in more than two years and is set to meet investors from next week.

Latin American sovereigns’ march back towards European bond markets continued on Tuesday as Peru achieved its lowest ever coupon on an international bond with its long 10 year. But opinion is split on the value of the euro market.

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

The initial public offering of Deezer, the French music streaming business, appeared to be in jeopardy on Tuesday afternoon, after the deal’s book closed without a covered message.

Peru opened books on its first euro transaction in over a decade on Tuesday morning, while other Latin American sovereigns are eyeing deals in the currency.

Struggling Brazilian telco Oi received a welcome lift in the eyes of its bondholders on Monday after a Russian investment group proposed to invest in the company if it merges with rival Tim.

BNP Paribas has hired an experienced financials credit trader to its London operations.

The initial public offering of Deezer, the French music streaming business, had on Monday afternoon not yet received sufficient demand from investors to get done, according to a banker close to the deal.

Groupe Autodistribution, the French car parts distributor, began a roadshow on Monday for €237m of pay-if-you-can notes to fund its acquisition by Bain Capital.

VietinBank, one of the four largest state-owned commercial lenders in Vietnam, has doubled the size of its latest borrowing to $200m after fully exercising a greenshoe option.

Tele Columbus, the German cable company that floated in January for €510m, has begun a four-for-five rights issue to raise €382.7m to finance two acquisitions.

Bookrunners on a S$192m ($137.8m) loan for Citic Envirotech are sounding out a select group of banks to join the deal in syndication.