BNP Paribas

A $500m financing for State Bank of India has launched into general syndication following a senior phase that saw three lenders come in.

Dongfeng Motor Group made a successful offshore debut with a euro-denominated bond this week, which is expected to provide a benchmark for Chinese auto companies eyeing euro notes.

A $500m five year loan for State Bank of India, which launched into senior syndication in August, has attracted three lenders at the top level.

German car manufacturer Daimler is in the market for a substantial Schuldschein deal, which was launched at €300m and could grow to €750m, according to bankers away from the leads.

Vesteda, the Dutch residential property company, issued a €300m unsecured bond, its second, on Tuesday, on the same day as Hammerson, another real estate company, was issuing in sterling.

A second Canadian SSA issuer is bringing a deal in the week that the country elected a new government — but has opted for a different core currency to its compatriot.

Province of Quebec has printed the first euro benchmark from a Canadian SSA since Ontario pulled a deal earlier this month. Though subscribed, the €750m 10 year deal was not the blowout bankers were hoping for and is indicative of a tough market environment.

Gothaer Allgemeine Versicherung managed to price its 30 year non-call 10 subordinated notes on Wednesday, after they were postponed last month. In doing so it became the latest in a series of insurers raising capital this week.

Deezer and Showroomprive, two French websites, though of very different kinds, are seeking to attract demand for their respective initial public offerings.

Hammerson, the UK property company, plumped for the sterling bond market today and was rewarded with a well oversubscribed £350m deal, after a roadshow when it considered issuing in sterling or euros.

Nederlandse Waterschapsbank bounced back from a pulled deal last week to print its largest trade in any currency to date on Tuesday, as a Canadian province mandated for a euro deal.

Teva, the Israeli pharmaceutical company, will hold a meeting with banks on Wednesday for the syndication of $33.75bn of loans it is using to buy generic drug business Allergan Generics.