BNP Paribas

Shanghai Jin Jiang International Hotels has wrapped up syndication of a $250m three year term loan with a group of five banks.

The Epiphany holidays in Europe on Tuesday may have disrupted the issuance calendar for the week, but that didn’t stop issuers from printing over €15.5bn of senior unsecured debt in just two days on Wednesday and Thursday.

Westpac successfully priced the first euro-denominated covered bond of the year on Thursday amid hopes that it will set a positive tone for next week — which is expected to be the busiest of the year. But with confidence still lacking following a string of underperforming deals issued at end of last year, there is still some trepidation that the supply glut will cause a further re-pricing.

The Republic of Turkey re-opened the CEEMEA bond market in 2015 on Wednesday with a $1.5bn tap of its 2043s. Turbulence across EM and falling oil prices played to Turkey’s favour with the bond offering a haven to nervous investors. But as a result of the recent volatility, the country paid a decent new issue premium, bringing in a $5bn book.

BNP Paribas is six months away from finalising its acquisition of the Royal Bank of Scotland’s equity derivatives business, according to Nicolas Marque, global head of equity derivatives at BNP Paribas in London.

The senior FIG market’s new year surge accelerated on Thursday, with another five new issues announced in the wake of Wednesday’s successful prints. Attractive new issue premiums have kept demand high for senior unsecured prints, according to syndicate managers.

The Republic of Turkey re-opened the CEEMEA bond market in 2015 on Wednesday with a $1.5bn tap of its 2043s. Turbulence across EM and falling oil prices played to Turkey’s favour with the bond offering a haven to nervous investors. But as a result of the recent volatility, the country paid a decent new issue premium, bringing in a $5bn book.

Danone, the French foods group, became the first European corporate bond issuer of 2015 on Wednesday, and attracted exceptionally strong demand for a €550m five year floating rate note and a €750m 10 year fixed rate bond.

The Republic of Turkey, one of the emerging market countries expected to benefit from falling oil prices, is reopening its 2043 bonds today.

Abbey National and Banque Fédérative du Crédit Mutuel have opened up 2015's market for fixed rate senior unsecured bank bonds, offering investors longer tenors than the three floaters from other issuers also in the market today.

A consortium of ten banks has signed an HK$4.46bn triple tranche facility for CVC sponsored Hong Kong Broadband Network. The loan received much attention when agent JP Morgan first started sounding out banks, as some bankers felt it was too aggressively structured and with too loose covenants.

The so-called Euro private placement market, which came to life in France in 2012, has reached a total of €3.9bn of issuance this year - its biggest year yet.