BNP Paribas

Chinese brokerage house HTSC was the toast of the town as it opened books on Monday, with the HK$34.72bn ($4.48bn) IPO attracting a whopping 13 cornerstone investors that included some of Asia’s tech luminaries.

Paccar, the US truck manufacturer, took to the public sterling bond market for the first time on Monday, drawing a solid book.

Massimo Zanetti Beverage Group, the Italian coffee company, opened books on Monday for an IPO of at least €127.6m.

Adecco, the Swiss recruitment and employment agency, highlighted strong demand for corporate bonds in the eight year part of the euro curve on Monday.

The European Investment Bank has mandated for a dollar benchmark, a currency that has formed a much larger part of its issuance compared to the last few years.

BNP Paribas looks set to lose its high yield credit trading head in London.

Despite choppy markets leading to a quiet week for corporate issuance, the pipeline remains strong with several new issuers announcing roadshows for deals set to be launched this month.

Valeo Foods, the Irish food producer, has launched a €595m loan that includes a second lien tranche, to refinance debt and fund an add-on acquisition.

The US high-grade market continued its hot streak this week, with more than $23bn of new corporate deals being priced in three days despite heightened volatility.

The long end of the French, Belgian and Dutch covered bond market is in effect closed for primary issuance because it is too expensive compared with government bonds.

World Bank on Thursday closed the subscription window for its first index-linked green bond marketed to US retail investors.

An experienced sterling credit trader has left BNP Paribas and is heading to Credit Suisse to help build out a similar desk there, say market sources.