BNP Paribas
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Shinhan Bank launched a three year US dollar offering on Tuesday as issuers start to return to the bond market following the March blackout period. -
Commodities trader Trafigura Beheer has signed oversubscribed revolving credit facilities totalling $4.74bn from 51 lenders.
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China’s Dongfeng Motor Corp, which said in February that it was acquiring a 14% stake in French company Peugeot Citroën, is expected to sign a €830m ($1.14bn) club loan this week, according to a banker.
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LG Electronics is looking to make a return to the bond market after an almost two year absence.
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Sweden’s Stadshypotek returned to the covered bond market on Monday, pricing a five year deal with the tightest spread in at least three years for any covered bond issuer outside of Germany.
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BNP Paribas has put disintermediation at the heart of its 2016 strategy for the corporate and investment bank, and committed to “bolster debt platforms, in particular high yield”. It also plans to launch an integrated derivatives clearing platform for the first time, straddling CIB and Securities Services.
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Anheuser-Busch InBev, the Belgian-US brewing company, on Wednesday joined the spate of large companies issuing multi-tranche deals into the present super-hot euro corporate bond market. Its deal was marked by two current trends: the popularity of floating rate notes and of 12 year bonds.
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It is not every day that two of the top Belgian corporate credits are in the bond market on the same day, but that happened on Wednesday. As one banker joked, the Belgian corporate market had been boosted by President Obama’s visit to Brussels that day.
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The European corporate bond market had already seen plenty of fireworks by Wednesday but there was no let-up on Thursday.
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Christopher Marks, head of global DCM at BNP Paribas, left the bank on Thursday morning, GlobalCapital understands.
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Fleet management firm LeasePlan, which had been busy at the long end of the curve, sold a five year Norwegian krone MTN this week as it targets the three-to-five year segment amid a diversification push. Meanwhile, France's BPCE was active in Swedish kronor.
