BNP Paribas

BNP Paribas is in "no rush" to issue new style additional tier one capital said chief financial officer Lars Machenil, with the bank taking a record-setting $8.97bn fine on the chin on Tuesday. The fine for helping clients evade US sanctions will trim the bank’s fully loaded common equity tier one ratio by 60bp to 10%, still higher than many of its European competitors.

The green bond theme is picking up steam with banks, as Deutsche Pfandbriefbank looks to become the next in a growing group of banks to issue socially responsible investment (SRI) bonds.

Chinese company Huawei Technologies has wrapped up syndication of its debut loan in the European market, as commitments pooled in to take the deal to a larger than targeted size of $1.6bn.

India’s ONGC Videsh is looking to make a return to the dollar market and possibly debut in euros having mandated five banks. The oil and gas company is among a growing number of Asian borrowers that are tapping European investor base as accounts seek to geographically diverse portfolios.

Bayer, the German pharmaceutical and chemical company, set a new benchmark for tight pricing in corporate hybrid capital this week – despite having a big funding need to pay for its $14.2bn acquisition of Merck’s consumer care business.

Swiss commodity trader Mercuria Energy Trading has roared past its refinancing target to sign a $2.65bn syndicated loan.

China City Construction (International) made its debut in international markets on Wednesday. Despite drawing a well subscribed order book for the Rmb2.5bn ($405m) issue, the state owned borrower wanted to leave some money on the table to ensure good secondary performance.

Bayer, the German pharmaceutical and chemical company, today set a new benchmark for tight pricing in corporate hybrid capital – despite having a big funding need to pay for its $14bn acquisition of Merck’s consumer care business.

China City Construction (International) unveiled its inaugural bond in international markets on Wednesday, offering investors a three year offshore renminbi deal.

Tesco, the UK supermarket group, launched its first bonds since November today, raising €2bn in a successful deal that showed bond investors are not worried by the torrid time the company is having operationally.

Bayer, the German chemicals and pharmaceuticals firm, will issue about €3bn of hybrid capital as early as tomorrow, as part of the financing for its takeover of Merck & Co’s consumer care business.

Mauser, the German industrial packaging group, has set price guidance on $1.5bn of loans to back its buyout by Clayton Dubilier and Rice.