BNP Paribas

Ontex, the Belgian producer of disposable hygienic products for babies and adults, is beginning on Tuesday a roadshow in London for a €250m high yield bond, after completing its IPO in June.

The Province of Trento’s funding arm Cassa del Trentino came to market early with a long dated medium term note to take advantage of strong performance in Italian government bonds. Meanwhile, Cassa Depositi e Prestiti mandated banks for a roadshow.

Heathrow has signed a £2.15bn refinancing of its revolving credit and liquidity facilities with a syndicate of 22 banks. The loan comprises a £1.4bn revolving credit facility and a £750m standby liquidity facility.

Novartis returned to the euro bond market on Friday October 31 after five years to issue seven and 12 year notes. A solid market allowed the total size to grow from an expected €1bn to €1.2bn.

BNP Paribas posted strong results in fixed income for the third quarter of 2014, boosting its revenues in the division to €911m — a 14.2% increase on the same period last year. Its fixed income growth was one of the main factors in the bank’s corporate and investment banking division posting pre-tax income of €675m — up 23.8% compared to a year ago.

A $200m prepayment financing for Chinese smelter Yanggu Xiangguang Copper is set to increase in size as the deal has received a good response during general syndication, thanks to its short tenor and attractive pricing.

Mongolian Mining Corp is preparing to tap the ECM market via a rights issue of HK$1.567bn ($202m), as the Hong Kong-listed group looks to shore up its liquidity while ensuring that its existing shareholders are not diluted.

Investors have successfully pushed pricing wider on three leveraged loan deals that are closing this week, with RAC, a well liked credit, the latest to flex for investors.

Czech Raiffeisenbank priced the first publicly syndicated euro benchmark covered bond from the country on Wednesday. At the same time, Toronto Dominion Bank mandated leads for its first Australian dollar covered bond.

For the first time the European Central Bank waded into the primary market for covered bonds for its third purchase programme (CBPP3) this week, as eurozone issuers from the currency bloc’s core and periphery returned after a long hiatus. The central bank’s buying may not be so good for core issuers but the evidence so far suggests peripheral names who have been locked out are about to bask in its largesse.

Louis Dreyfus — Geberit — Heathrow — Arkema

The publicity shy Schuldschein market has been in focus this week. Palfinger, a crane manufacturer based in Austria, raised €105m on Tuesday in a deal with the support of Asian investors, and Fraport, the German transport firm, made one of the largest Schuldschein deals of the year with €250m on Thursday.