BNP Paribas

The Shanghai Stock Exchange (SSE) and the Hong Kong stock exchange (HKEx) completed another round of system testing on October 11, ahead of a rumoured October 27 launch. But issues concerning A-share stock sales and China tax requirements are still being worked on by regulators.

UK car breakdown recovery firm RAC has launched a £1.25bn loan to refinance debt and recapitalise its debt structure after the Government of Singapore Investment Corp became a shareholder in the company.

A portion of Tata Steel’s $5.6bn borrowing, which has been in senior syndication since July, finally launched into general on October 13, with five banks joining the original 11 leads.

Bank of China (BoC) is considering dropping the euro tranche for its debut additional tier one (AT1) after failing to generate enough interest for that currency on its global roadshow.

Sandrine Ferdane, BNP Paribas’s head of corporate coverage for Brazil, has been promoted to chief executive and country manager for Brazil, the bank said.

Azeri Accessbank printed a $50m one year euro commercial paper (ECP) on Friday after meeting investors in mid-September.

Rating: Baa2/BBB/BBB+

Infra Foch, a company formed to buy French car park operator Vinci Park, attracted more than €4bn of orders for a dual-tranche bond market debut on Thursday.

Unibail-Rodamco, the French property company, achieved tight pricing on its latest eight year euro issue thanks to strong demand from across continental Europe.

The pace of syndicated sovereign supply from the eurozone periphery is set to pick up as Ireland, Greece and Italy launch new issues over the next few weeks. The first two have indicated that syndications could come in the final quarter, while Italy launches the next line of its BTP Italia domestic inflation-linked product in two weeks’ time – when it will be hoping to repeat the success of Spain, which added to its linker curve this week.

General Motors' finance arm made a triumphant return to the euro market for the first time since the financial crisis on Wednesday, attracting more than six times oversubscription for a €500m five year deal.

Strong demand from French insurers helped swell books for Melbourne Airport’s 10 year euro market return to more than €1.9bn on Wednesday.