BNP Paribas

China’s Suchuang Gas Corp is seeking a listing on the Hong Kong Stock Exchange, filing an A1 with the regulator for a deal that could raise as much as $100m.

Zhejiang Provincial Energy (ZPE) sold the first ever dollar bond from a provincial level Chinese state owned enterprise on Tuesday, September 23. Buoyed by ZPE’s credit strength and Zhejiang province’s strong fiscal position, the three year issue was a hit among investors and sets a solid foundation for the emergence of similar credits in the dollar market.

Japanese brewer Suntory Holdings’ chances of pricing its first dollar bond are looking good with books for a $1bn dual tranche offering already covered by Asian investors on the afternoon of September 24.

General Motors Financial Co will roadshow from Tuesday to Friday next week for its first euro bond.

Vallourec’s bond issue may have gone well today, but for the other corporate issuers in euros and sterling it was a much rougher ride. Accor launched a €150m tap and RCI Banque a £250m sterling three year – but neither managed to tighten pricing from their initial thoughts.

Vallourec, the French oil and gas pipeline maker, issued a €500m 10 year bond on Tuesday after building a book of €3.1bn, despite a jittery day for the equity market.

Larsen & Toubro (L&T) reopened the Indian equity-linked market by selling a $200m convertible bond on Monday night — the first CB from the country in nearly two years. But while the deal signals a revival of this asset class in India, L&T’s transaction was priced aggressively, with bankers away from the trade suggesting that feedback from investors was completely ignored.

Zhejiang Provincial Energy Group Company (ZPE) brought out its debut international deal on Tuesday, opening books for a Reg S three year dollar bond.

The start of the Shanghai-Hong Kong Stock Connect collaboration between the two cities’ exchanges will open a number of arbitrage and thematic trading opportunities, such as playing the different effects on the China A and H-share market.

Vallourec, the French oil and gas pipelines maker, is set to issue a €500m no-grow 10 year bond on Tuesday.

BNP Paribas has promoted Yann Gérardin to head of corporate and investment banking, replacing Alain Papiasse, who will continue as deputy COO but take over representing group general management in North America.

Japan’s Suntory Holdings has mandated six banks for what would be the company’s inaugural dollar deal. The brewer and distiller is looking to make a dual tranche dollar issue.