BNP Paribas

Chinese department store operator Golden Eagle International Trading, which launched a $500m three year bullet into general earlier this month, has signed a facility agreement for a bigger loan with 12 lenders.

Investors are tailoring their options strategies to focus on hedging global macro risks and identifying single stock options in lieu of larger market options baskets.

The strong dollar is giving banks rising counterparty exposure to export-heavy European companies that they need to hedge in the credit default swap market, pushing spreads for those firms wider, writes Dan Alderson.

German media company Bertelsmann finished its roadshow on Wednesday for its debut hybrid capital bond issue, and could price the deal as early as Thursday, according to a banker at one of the leads.

UK engineering company Smiths Group has hired four banks to arrange a roadshow from April 20 for its second euro bond.

Standard Chartered plans to be a regular face in the dollar senior market as a result of Total Loss Absorbing Capacity (TLAC) regulation, after making a rare appearance this week with its first four tranche dollar trade.

Turkiye Sinai Kalkinma Bankasi has tightened price guidance for its $350m five year bond to at 375bp-387.5bp over mid-swaps.

BNP Paribas Securities Services has been mandated by China Universal Asset Management Hong Kong (CUAMHK) to provide custody and fund administration for its debut RQFII Ucits fund.

Mexican oil company Pemex became the latest Latin American borrower to take advantage of ultra-low borrowing costs provided by ECB president Mario Draghi, following its owner the Mexican government into the euro-denominated bond market.

The Asian bond market is in full throttle this week with a flush of new issuance from mostly investment grade names. But the high yield sector was not to be outdone with Central China Real Estate printing a red hot $300m bond that was close to 12 times covered.

A 12 year socially responsible benchmark from Île-de-France on Tuesday fell short of full subscription as investors shunned the print because of the low yield on offer.

Dutch postal company PostNL has refinanced a €400m revolving credit facility after agreeing to sell its 14.7% stake in TNT Express, worth €642m, to Federal Express.