BNP Paribas

Danfoss, the Danish mechanical and electronic engineering company, issued its first public bond on Thursday, to fund its €1bn acquisition of Finnish rival Vacon.

BNP Paribas declined the mandate for Thursday's Ethiopia bond for compliance reasons, according to three sources familiar with the situation.

Didier Leblanc, head of loan syndication and trading, Asia Pacific, at BNP Paribas, will leave the bank in January, according to a source.

Pricing for a S$1.3bn ($991m) loan to back the acquisition of Vietnamese state owned Saigon Beer Alcohol Beverage Corp (Sabeco) has come in low, said bankers. Singaporean company Fraser and Neave (F&N), which is borrowing the money, has split the fundraising equally between a term loan and a bridge.

Volvo joined the growing group of corporate issuers of hybrid capital on Wednesday, when it priced its first hybrid bonds. The deal was popular with investors, generating €7.4bn of orders.

Imerys, the French industrial minerals supplier, tapped its 2.5% November 2020 bond for €100m ($124.34) and issued a new €500m 10 year on Wednesday.

China’s largest nuclear power producer, CGN Power, has priced its IPO at the top of its range to raise HK$24.5bn ($3.2bn), thanks to overwhelming demand from institutional and retail investors. But final allocations have proved a challenge, with some bankers complaining about the lack of transparency.

Imerys, the French industrial minerals supplier, has mandated six banks for a tap of its 2.5% November 2020 bond and a new 10 year benchmark issue.

Publicis, the French advertising and PR firm, has mandated BNP Paribas and Citi to arrange a roadshow on Friday for a possible euro bond. The proceeds will be used as part of the funding for Publicis’s $3.7bn all cash acquisition of US company Sapient, announced on November 3.

Spie, the French engineering and communications firm, gave price guidance for its €911m loan at a London bank meeting on Monday.

Heavy demand for Unitymedia's €785m bond issue on Tuesday turned it into a €1bn and $550m offer that still left some investors wanting more.

Syndication for the $3.2bn portion of Tata Steel’s $5.6bn borrowing has seen about 13 banks join with nearly $940m in commitments, said a banker. Allocations for the deal are due to be out soon.