Deutsche Bank

Indonesia's Mitra Pinasthika Mustika Finance has tasted success with its maiden outing in the offshore syndicated loan market, increasing its deal to $150m and establishing relationships with lenders across Asia.

The Argentine province of Neuquen is planning to test high yield appetite in Lat Am with a $350m international bond that will boast the provinces royalties from gas production as collateral.

The International Swaps and Derivatives Association is likely to have to change its licensing practices as a result of a $1.9bn credit default swaps price fixing settlement by banks, according to a source familiar with the case.

Pernod Ricard, the French distiller, priced an opportunistic €500m bond on Monday, paying an 18bp new issue premium in a market that some participants feel is getting heavier.

The euro pipeline for SSAs is fit to burst amid strong conditions, with a trio of issuers hitting screens on Monday and at least one borrower set to come with a deal later in the week.

Davide Campari-Milano, the unrated Italian drinks company, began a roadshow in London on Thursday for its first euro bond issue in three years.

The Federal Democratic Republic of Ethiopia has embarked on a non-deal roadshow, with Lazard engaged as financial advisor and Deutsche Bank and JP Morgan helping to arrange investor meetings.

In this round-up, Chinese premier Li Keqiang said RMB internationalisation to continue, South Korea's RMB deposits halving in a few months, HKMA revamps its RMB liquidity facility, Singapore Exchange and Moscow Exchange see surging RMB trade volumes, Shanghai Gold Exchange expands its list of assets that can be used as collateral for trading to A-shares and foreign currencies, and Deutsche Bank joins OTC Clear as a clearing member.

América Móvil on Thursday issued its second exchangeable bond into stock of Koninklijke KPN in just four months, raising €750m after a €3bn issue in May. But this deal, unlike the earlier, was a mandatorily exchangeable structure.

A £145m trade on Thursday evening in shares of Aldermore Group, the UK challenger bank, came after the FTSE 250 had fallen 0.8%.

This week produced an encouraging run of equity block trades, with a sprinkling of modestly sized deals on Tuesday, Wednesday and Thursday.

This week’s encouraging run of equity block trades continues this evening (Wednesday September 9) with a sale of 10% of Inmobiliaria Colonial, the Spanish property company, worth about €190m.