BNP Paribas

Sberbank’s €1bn 5.5 year bond, priced on Monday, has provided the visible benchmark from a state-owned issuer needed to consider the Eurobond market unequivocally open for Russian borrowers, said bankers on and away from the deal.

Snack maker Uni-President China Holdings’ one for five HK$3.38bn ($423m) rights issue was extremely well received by shareholders, with the transaction ending up more than nine times covered.

Giant Interactive has added another name to the syndicate for its $850m five year leveraged buyout loan.

Korea Gas Corp (KoGas) priced its third dollar deal of the year on Monday, with the issuer attracting a wave of interest despite choosing an unconventional 12 year tenor. The new bond priced well inside the borrower's curve.

Crown, the packaging firm headquartered in Philadelphia, today announced that it was offering €500m of eight year senior secured high yield bonds to refinance an outstanding debt of the same amount.

Accor introduced hybrid capital to a new sector of European industry on Monday, becoming the first hotels company to issue a subordinated bond that is treated partly as equity by the rating agencies.

Sberbank has released initial price thoughts in the mid-to high 200bp over mid-swaps area for a 5.5 year euro denominated bond, offering around a 10bp new issue premium at the tight end and 35bp at the wide according to an investor considering the deal. Tightening is expected before pricing later today. Books are over €1bn.

Allocations have been finalised for the $1.55bn club loan for Malaysia International Shipping Corp (MISC), a subsidiary of Petronas, with eight banks joining the deal.

Korea Gas Corp (KoGas) is in the market with its third dollar trade of the year. The borrower opened books for a 12 year bond on Monday.

The offshore renminbi market continues to attract new borrowers with a pair Chinese companies preparing to make their debuts in the currency.

The covered bond market had one of its busiest weeks this year as six borrowers from five countries raised €5bn. With outright yields continuing to decline, and investors scrambling to hit return targets, supply was slanted to the long end, where more yield was on offer. Even so, several deals offered coupons that set new lows.

Webhelp, the French call centre operator, intends to add €120m to an existing €275m loan from June 2013.