BNP Paribas

The Republic of South Africa will issue a debut sukuk this year and is targeting up to $750m from the deal, a national treasury official said.

Brazilian lender Banco Safra and Banco de Chile are set to sell Swiss franc debt on Thursday, underlining Swiss investors’ appetite for Latin American paper.

Yorkshire Building Society will hit the road next week to sound out investors for its debut senior unsecured benchmark — a boost for the market at a time when UK supply and senior supply in general are lacking.

Indian state-owned oil company Bharat Petroleum sold its debut Swiss franc on Tuesday morning, the first deal in the currency from the country since 2012. Brazilian financial Banco Safra could follow with a Swiss deal of its own in the near future.

Chinese property developer Sunshine 100 China Holdings started receiving bids for its HK$2.4bn ($310m) Hong Kong IPO on February 26 with books fully covered by anchor orders prior to launch.

Hyundai Capital Services has mandated Bank of America Merrill Lynch, BNP Paribas, Citi and HSBC to arrange a series of non-deal investor meetings in Asia, Europe and the US.

Germany's HeidelbergCement has slashed the margin it pays for syndicated loans, signing a new €3bn five year refinancing loan with an out of the box margin of 95bp, a 30bp reduction on the debt it is repaying.

IFC Development could make its first appearance in euros this week, with bankers expecting the borrower to launch a three year deal following a successful roadshow in Europe.

BP Capital Markets priced its latest dim sum bond on Monday though was forced to offer an generous guidance over its existing curve to stand out in what is a very busy market. However investors still flocked to take advantage of the attractive pricing and a quality multinational credit with the orderbook closing at Rmb3.6bn ($571m).

Multi-billion euro tobacco bonds are rare, but this week has produced two in as many days. They nearly came on the same day, but Imperial Tobacco decided discretion was the better part of valour yesterday when Philip Morris International got into the market ahead of it, before 8am London time.

Casino Guichard-Perrachon, the French supermarket group, launched its first bond of the year on Friday, after announcing strong full year results on Tuesday last week.

Investors tired of the virtuous tone of Unibail’s green bond last week had a pleasant antidote today: a €1.75bn two-trancher from Philip Morris International.