BNP Paribas

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.

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.