BNP Paribas

China Three Gorges Corp (CTG) has opened books for what will be its first outing to the international bond market, marketing a dual tranche offering in dollars and euros on June 3. Joining CTG in the market is Beijing Construction Engineering Group (BCEG), which started taking bids for its debut dollar bond.

The Asian bond market woke up to a slew of new issuance on June 3 with six deals all vying for investor attention. And in the midst of the action is Indian telecommunications giant Bharti Airtel, which is enticing bids for a new 10 year dollar offering.

BNP Paribas has named Philippe Noirot as the head of country for South Korea and CEO for its Seoul branch.

Anhui Transportation Holding Group (Anhui Transport) has mandated a sole global co-ordinator to arrange a series of investor meetings ahead of its debut outing to the dollar bond market. Haikou Meilan, meanwhile, is preparing a dim sum deal.

TCC International Holdings, a manufacturer and importer of cement, will raise HK$3.63bn ($468.23m) in a rights issue fully underwritten by its major shareholder, BNP Paribas and JP Morgan.

Hindustan Petroleum Corp’s (HPCL) $400m 39 month facility has been allocated, with seven lenders joining in general syndication. When the loan was launched, market participants saw it as a litmus test for retail demand for three year state owned Indian assets. While the deal got past the finish line, bankers on the loan said the response was tepid.

The bookbuild for the IPO of Spie —the French electrical, telecoms and technical services company — was launched on Monday June 1, and was covered on the first day.

Powerhouse Habitat, an unusual French property company that owns housing for nuclear power station workers, began premarketing on Monday June 1 for a Paris IPO of at least €370m. BNP Paribas and JP Morgan are global co-ordinators.

Valeo Foods, the Irish food producer, has closed books on a €595m loan to finance its acquisition of Balconi and refinance debt.

Massimo Zanetti Beverage Group, the Italian coffee company, priced its IPO at the bottom end of the range early in the morning on Friday May 29, after a bookbuild that was slow but achieved a good result, according to a banker on the deal.

Credit trading desks at banks have been swept by a tornado of job moves, as financial institutions specialists leave or jump to rival firms in a scramble to survive in a shrinking market.

Massimo Zanetti Beverage Group, the Italian coffee company, looks set to price its IPO at the bottom end of the price range. The last official message on the book came at 1.15pm London time on Thursday May 28, saying guidance was €11.60, the bottom of the original range.