Credit Suisse

Three issuers launched covered bond benchmarks in euros this week, down from nine in the previous week, as borrowers anticipated an improvement in market conditions and lower new issue concessions.

Unédic

Credit Suisse has added two teams of 11 banks to the underwriting syndicate for its Sfr4.7bn rights issue, after announcing Citigroup, HSBC and Société Générale as the lead underwriters last week.

The syndication timeline for a $145m loan backing the Blackstone Group’s acquisition of some Indian assets has been pushed back.

Banks outside the bulge bracket are pushing to be allowed more influence and information in high yield bond syndications, which have traditionally been tightly controlled by the top banks. Victor Jimenez reports.

China Cinda Asset Management has sent out a request for proposals for a loan of around $5bn to back its bid for the acquisition of Nanyang Commercial Bank, according to sources.

Equiniti Group, the UK share registrar and pension administration group, made a disappointing debut on the London Stock Exchange on Tuesday (October 27). Its shares fell 8.5%, after being priced at the bottom of their IPO range.

A pair of agencies are set to tackle the belly of the euro curve, following a five year euro benchmark from European Stability Mechanism that left the supranational with just €2bn left to fund in 2015.

Groupe Autodistribution, the French car parts distributor, began a roadshow on Monday for €237m of pay-if-you-can notes to fund its acquisition by Bain Capital.

The phrase 'hard decisions' is usually a euphemism, meaning unemployment for the many and bonuses for the few. That could certainly be the relationship between Credit Suisse’s rates business and incoming chief executive Tidjane Thiam, after the latter announced his new strategy for the bank on Wednesday last week.

India's Religare Global Asset Management has refinanced existing loans with a fundraising of $150m.

Bookrunners on a S$192m ($137.8m) loan for Citic Envirotech are sounding out a select group of banks to join the deal in syndication.