BNP Paribas
-
French banks Natixis and BNP Paribas have rejigged their Asian loan syndication teams.
-
A Dutch agency re-opened the euro benchmark sector for SSAs on Wednesday, selling its largest bond in the currency for more than three years after opting for an intraday execution. -
State Bank of India has mandated three banks for a new $500m financing, hitting the loan syndication market roughly a year since its previous deal.
-
A pair of public sector borrowers — including a super rare issuer in dollars — have nipped in ahead of a data laden September to bring deals this week, following the lead of Denmark’s KommuneKredit.
-
SSA issuers coming in dollars before the next US payroll data release on September 4 are likely to take a conservative approach — a route already taken by two borrowers this week.
-
BNP Paribas has hired an associate for its southeast Asia loans team, GlobalCapital Asia understands.
-
The collapse of Afren, the once-proud London-listed oil exploration and production company with three bond issues to its name, is a shocking reminder of the risks investors face in emerging markets, and of how even some of the most sophisticated players in financial markets can get things drastically wrong.
-
BNP Paribas responded to investor demand for dollar paper with a $1.5bn additional tier one (AT1) this week, just two months after making its euro debut.
-
The AT1 market has come of age. In just over two years there is no longer a need for arduous investor education and perfect markets to sell the riskiest bank debt on offer.
-
German healthcare group Asklepios is marketing a Schuldschein loan for €250m, but this should grow much larger, according to a banker close to the deal.
-
BNP Paribas played it safe on Wednesday, printing its $1.5bn AT1 in US hours to avoid any potential fall-out from the China related sell-off.
-
VietinBank, one of the four largest state owned commercial lenders from Vietnam, is accessing the offshore syndicated loan market for the third time this year, via a $100m three year that is now in general syndication. The margin on the loan is below 200bp.
