BNP Paribas

A trio of SSA borrowers squeezed into a narrow window of issuance this week to enjoy exceptionally strong conditions in dollars. Origination bankers will be beating at the doors of any funding officials that still have work to do this year to persuade them to mandate for next week and take advantage.

Dutch credit insurer Atradius sold its first bond for 10 years on Tuesday, a long-dated subordinated note. Scor, another rare issuer, is in the market for a sub trade of its own in the near future, mandating banks to arrange investor meetings for a dual tranche deal denominated in euros and Swiss francs.

Danske Bank opened books on Wednesday on a triple A rated five year euro benchmark following up its its seven year sterling transaction early last week. A solid book build blew away concerns over a soft credit market and a series of upcoming potentially disruptive events.

Gemalto, the French internet security company, launched its first bond issue today, raising €400m at attractive terms, as it finances its $890m acquisition of SafeNet.

Gemalto, the French internet security company, launched its first bond issue today, raising €400m at attractive terms, as it finances its $890m acquisition of SafeNet.

Taiwan Cement Corp has sealed its dual tranche loan at $1.07bn, higher than the launch size of $1bn, with 14 banks joining the four original mandated lead arrangers and bookrunners in general syndication.

Chong Hing Bank’s $300m additional tier one (AT1) bank capital issue is attracting plenty of attention from fixed income investors, with bids crossing the $500m mark just 90 minutes after books opened at 9am on September 18.

Reliance Industries’ telecom arm Reliance Jio Infocomm has picked a consortium of 15 banks to lead its $1.5bn refinancing.

Industrial and Commercial Bank of China (ICBC) priced its Singapore and Taiwan dual listed offshore renminbi bond on Monday, September 15, with Taiwan investors in particular flocking to the deal.

International Finance Corporation (IFC) became the largest issuer of London-listed renminbi bonds on Wednesday, as it priced its second benchmark size print in the currency this year.

Hedge funds, real money and some credit valuation adjustment desks increasingly hedged flows in credit options this week, amid fears over the Scottish referendum result.

Pernod Ricard, the French distiller, issued its second European bond of the year on Wednesday, in a week already well populated with deals for drinks companies.