BNP Paribas

Aabar Investments, the Abu Dhabi investment group, raised €2bn with its second exchangeable bond on Tuesday, to repay a €1.25bn exchangeable into Daimler shares it issued in 2011.

Spain hit the euro market on Tuesday to sell its second 15 year syndication of 2015, following up a conventional deal earlier in the year with its third ever syndicated linker.

Air France KLM may have to offer a yield of up to 6% on its unrated hybrid bonds, according to market participants.

Centrica, the UK energy company, is to launch its first hybrid bond, and has hired banks to arrange a four day roadshow for a the deal, set to be in sterling and euros.

Teva Pharmaceutical Industries is out in the market with a dual tranche euro-denominated bond. Bankers expected the deal to be priced flat to the borrower’s dollar curve.

US regulatory authorities said on Monday that BNP Paribas, HSBC and Royal Bank of Scotland had failed to provide adequate resolution plans in 2014, and must address the failures before submitting this year’s plans.

Two equity block trades are in the market tonight, both in supermarket groups: Russia’s Lenta and France’s Carrefour.

Aabar Investments, the investment arm of Abu Dhabi’s International Petroleum Investment Corp, is this evening bookbuilding a bond of €1.5bn to €2bn, exchangeable into shares of UniCredit.

French water and waste management company Suez Environnement has refinanced its hybrid bond, due to be called in September, with a new €500m non-call seven year hybrid.

Paprec Group, the French waste recycling company, sold a dual-tranche green bond last Friday (March 20), in the fourth such deal in the high yield market, according to Standard & Poor’s research.

Korea Resources Corporation (KoRes) and Astra Sedaya Finance are gearing up for dollar offerings having mandated banks to run investor meetings.

Telecom Italia’s €2bn convertible bond, launched on Thursday night and priced on Friday morning, was a big success, netting it cheap funding with a very unusual 70% conversion premium.