HSBC

Avenue Supermarts, which runs Indian supermarket chain DMart, has launched a qualified institutional placement worth about Rp40bn ($561.3m).

VodafoneZiggo has sold a €1.36bn holding company refinancing, seizing the chance to lock in tightly priced subordinated debt for a decade. The company offered euros and dollars in 10 year unsecured format, with five year call protection.

Bahraini iron pellet producer Bahrain Steel is in discussions with lenders to refinance an existing facility, according to bankers. The deal, some say, is part of a broader trend among emerging market borrowers seeking to secure more attractive conditions.

Stephen Moss and Nuno Matos have been given new roles of responsibility for Europe at HSBC, ahead of expected restructuring of the group in that region, particularly in global banking and markets (GBM).

AusNet Services Holdings, the holding company of Australian energy company AusNet Services, has mandated banks for a potential euro benchmark bond, as the euro continues to attract foreign issuers.

Three SSA issuers brought dollar deals to market on Wednesday, hitting screens in a variety of formats and tenors, making the most of excellent conditions to pull off impressive deals. A fourth is lined up for Thursday.

KfW gathered strong demand for its bond issue on Wednesday — the third seven year euro deal from an SSA issuer this week — as investors saw relative value in it. The European Stability Mechanism is looking to follow with a similar tenor after sending banks a request for proposals for its first benchmark of the year.

LVMH Moet Hennessy Louis Vuitton, the French luxury goods group, and Comcast, the US telecommunications company, brought the European corporate bond market's two biggest multi-tranche issues of the year on Wednesday, each hitting sterling and euros, and blasting aside fears among some players of the economic impact of the coronavirus outbreak. LVMH raised a whopping €9.33bn, Comcast €4.6bn.

The Province of Quebec has hired banks to lead a new Canadian dollar green bond — its first since the start of last year.

The European Investment Bank and the Province of Quebec were well subscribed as they re-opened the dollar SSA market following the extended Lunar New Year holiday. Two more public sector borrowers will follow with dollar bonds on Wednesday, ahead of what is expected to be a busy month in the currency.

Atos has sold most of its remaining shares in Wordline, the French payments company, via an accelerated bookbuild.

Cranfield University, a UK postgraduate institute which specialises in science and engineering, is looking to raise debt through a private placement, according to two sources familiar with the situation.