BNP Paribas

The European leveraged loan market, usually the weaker rival of its larger US counterpart, is punching above its weight as US mutual funds have faltered in their enthusiasm for buy-out debt.

Banco Santander Totta surprised the market on Tuesday, announcing a mandate and opening books for its second deal this year. Though the transaction had nothing like the oversubscription seen in previous peripheral issuance, the quality of investors in the book was high.

CMB HK makes dollar debut with three year — KEB rides RoK tailwind — MCC puts dollar return on drawing board — HK Huafa seeks offshore RMB debut

Chinese telecommunications equipment provider ZTE Corp has connected with the market for a $600m four year bullet loan, picking a group of three French banks and one Chinese as its leads.

Snacks maker Uni-President China Holdings opened subscription for its HK$3.38bn ($423m) one for five rights issue on Wednesday.

Malaysian offshore supply vessel operator Icon Offshore opened books on its MR945m ($294m) IPO on May 30, with more than half the deal taken by cornerstones and only 9.8% of shares available for international investors.

Bank of Ireland has brought in its funding level for lower tier two capital by more than half, launching its €750m 10 year non-call five at a level that equates to low 4%, when in only late 2012 it priced similar debt at a coupon of 10%.

Shui On Land has returned to the international bond market less than a month after its last dual tranche offering. The borrower was looking to take advantage of improved sentiment in the Chinese property sector but was forced to pay up over its existing curve.

Bank of Ireland is likely to hit the market Wednesday with its planned euro denominated 10 year non-call five year lower tier two transaction in what would be the first euro denominated benchmark size capital deal from an Irish bank since the crisis.

Instant noodles and snacks maker Uni-President China Holdings is poised to open subscription for its HK$3.38bn ($423m) one for five rights issue on June 4.

Shui On Land has returned to the international bond market less than a month after its last dual tranche offering. The borrower is looking to take advantage of improved sentiment in the Chinese property sector.

Air France-KLM is preparing to issue a new bond, just as Ryanair, an airline that is in many ways from the other end of the spectrum, is also roadshowing for its first ever bond.