BNP Paribas

Royal Bank of Scotland has undertaken a shakeup of senior staff in its credit trading business, in a move that bolsters financials at the expense of corporate credit.

Meggitt, the UK engineering company, has increased its acquisition credit facility to $600m to buy the composites division of EDAC, formerly known as Parkway Aerospace and Defense.

Coca-Cola made an impressive debut in Swiss francs on Tuesday with a three tranche deal that matched Shell’s August record-breaker in size.

Indonesian oil and gas company, Pertamina, has picked three banks for a potential bond and is set to hit the road to meet investors next week.

BNP Paribas dipped into the US dollar market on Monday, meeting its tier two funding requirement for this year in the process. Jubilant markets on the day enabled the issuer to print with just a 4bp new issue concession.

The holding company of French motorway operator Société des Autoroutes du Nord-Est de la France, Holding d’Infrastructures de Transport, printed a €200m tap on Tuesday as the primary market remained quiet.

The dollar market has burst into life after post-Fed with three European issuers tapping the currency in two days as the euro market drifts without direction.

Two banks have launched a $700m three year borrowing for Fosun Industrial, an affiliate of Chinese conglomerate Fosun International.

Indian conglomerate Reliance Industries has picked a big group of banks for refinancing a $1.5bn loan raised three years ago.

Stagecoach Group, the UK bus and train operator, filled the book for a £400m bond issue more than twice over on Monday, breathing life into a previously empty sterling market.

Proximus, the new name for Belgian telecoms company Belgacom, issued a €500m no-grow bond on Monday and won high oversubscription.

Turkcell has mandated BNP Paribas, Citi and HSBC for a debut dollar bond and is set to meet investors in the US and Europe next week ahead of the deal.