BNP Paribas

Arcadis, the UK engineering consultancy, has raised €174m by selling new ordinary shares in a rights offering.

Council of Europe Development Bank (CEB) has hired lead managers to run the first five year dollar syndication since a pair of deals failed to cross the line three weeks ago amid strong volatility in US Treasuries. Sweden and Caisse des Dépôts et Consignations brought deals with more conservative maturities.

RAC, the UK car recovery breakdown firm, has allocated its £1.25bn refinancing and recapitalisation loan after flexing the facility’s original issue discount in investors' favour.

China’s Bright Food, which announced in October that it was acquiring a majority stake in Italian olive oil manufacturer Salov, is wrapping up a loan of around €120m ($152m) with three lenders.

Royal Dutch Shell, like most oil companies a dollar-based issuer, had already blessed the euro market with a €2bn issue this year, in March.

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.