BNP Paribas

Bank Rakyat Indonesia, which started sounding out lenders for a fresh fundraising in early May, has signed its $370m three year loan with a club of seven banks.

Azeri Accessbank is roadshowing a small-sized European commercial paper issue in London this week via BCP Securities and BNP Paribas.

Luxembourg is kicking off investor meetings for the first euro denominated sukuk next week. Luxembourg is looking to become the leading Islamic financing hub in Europe.

China’s Zhejiang Provincial Energy Group Company is will be meeting investors for what would be its debut international deal. The borrower plans to issue a Reg S dollar bond.

Taiwan Cement Corp’s dual tranche loan was signed on September 4 among 18 lenders at $1.07bn, higher than the launch size of $1bn.

The People’s Bank of China (PBoC) announced on Monday that it had appointed Bank of China Paris Branch (BoC Paris) as the official RMB clearing bank for France. BNP Paribas, meanwhile, was also granted its own RQFII licence.

WPP, the UK advertising group, launched its first bond of the year on Monday, hitting the market without warning and raising €750m. The strong reception to the deal suggested investors were not worried about buying into a company in a cyclical industry, despite Europe’s economic weakness, nor into a UK name, in the week that Scotland may vote to break up the union.

Hedge funds are looking to implement relative value trades on European indices, going long iTraxx Main and shorting the Eurostoxx 50 or long CDX investment grade and short S&P500, expecting synthetic credit indices to outperform stocks around the roll of the iTraxx and CDX indices on September 22.

The Coca-Cola Co issued its first bond in euros on Monday, choosing the same path as several other blue chips recently by launching a big, dual tranche deal. This highlights the euro market’s attractiveness to international borrowers.

Synthos SA, a leading manufacturer of chemical raw materials in Central and Eastern Europe, is meeting investors for its debut bond.

China Development Bank raised Rmb2bn ($325m) from a dim sum bond issued in London on Friday on a day that saw a raft of announcements intended to boost the use of offshore renminbi in the city as bankers and policymakers took part in the 6th UK-China Economic Financial Dialogue.

United Overseas Bank (UOB) made a return to the dollar market on Thursday, pricing a $500m 5.5 year issue. It was the Singaporean borrower’s first issue of dollar senior notes in more than two years and that fuelled investor appetite despite the presence of similar supply in the market.