BNP Paribas

Slovenia has released price guidance for a 20 year euro benchmark bond at 70bp-75bp over mid-swaps — a first in this tenor for the country.

BNP Paribas has restructured reporting lines on its syndicate desk, including giving one person responsibility for loans, high yield bonds and leveraged finance.

Volkswagen launched an unexpected hybrid bond on Tuesday, into a corporate bond market weakened by falling rates and heavy supply, and failed to tighten the pricing from initial guidance.

Emirates NBD printed a €550m seven year bond on Tuesday, a breakthrough for Middle East banks in the euro market. But bankers said they are uncertain whether other issuers will now follow.

The Bank of Bahrain and Kuwait (BBK) has taken over $800m of orders for its five year Eurobond. The deal is due to price later on Tuesday.

A weak secondary market was unable to discourage investors from taking part in a rare senior trade for Denmark’s Jyske Bank on Tuesday.

Paprec Group, a French waste reprocessing company, is set to issue its first high yield offer with a €480m bond that it will use to refinance senior debt invested in eligible recycling projects.

A group of 16 banks have lined up to join a €500m ($579m) seven year loan for Malaysia Airports Holdings, which cut margin on the borrowing following launch of general syndication.

Spanish construction company Actividades de Construcción y Servicios has issued its first non-convertible bond: a €500m five year.

A European sovereign and agency have opted to bring euro benchmarks at the long end of the curve on Tuesday, after hiring lead managers on Monday.

Virgin Media, the UK cable and mobile communications company owned by Liberty Global, printed on Tuesday a senior secured bond issue to refinance debt.

Air France KLM has hired five banks for a potential hybrid bond issue, as the unrated, high yield airline's €661m convertible bond approaches maturity.