HSBC

British largest off-license chain Conviviality Retail has agreed to buy drinks wholesaler Matthew Clark Holdings with funds from £80m of term loans and a £130m share placing.

Belgium has mandated for the first fixed rate benchmark longer than 20 years in the sovereign, supranational and agency sector in euros since February, while an Austrian agency also found demand at the long end of the euro curve.

The European Stability Mechanism has added another chapter to the euro market’s autumn renaissance with the largest benchmark from a supranational or agency in 18 months.

The Export-Import Bank of China (Chexim) has mandated banks for a US dollar bond, which will be issued under an MTN programme that comes backed by loans.

The Republic of the Philippines has pulled off a mammoth Ps263bn ($5.6bn) transaction, switching investors out of existing domestic bonds into new notes, with bondholders flooding in despite a volatile economic backdrop. The sovereign’s liability management exercise was well worth the effort with savings of about Ps2.4bn expected in the first year.

Abu Dhabi's Union National Bank has closed books for its three year loan and will increase it from the launch size of $500m, according to a banker on the deal.

A pair of SSAs hit screens with euro benchmark mandates on Monday — and bankers are confident that market conditions will stay bright to support even more expected supply.

HSBC has named former CLSA banker Andrew Maynard as head of sales trading and execution services for Asia Pacific equities, along with three other fresh senior hires for the unit.

Citic Capital Holdings has wrapped up its latest fundraising at HK$3bn ($387m), higher than the launch size of HK$1.80bn thanks to solid demand. The outcome was largely predicted by bankers as the company’s previous loan too was oversubscribed.

European Investment Bank

Shares in Abengoa, the troubled Spanish renewable energy company, plunged again on Thursday and its credit default swap spread widened sharply, on unconfirmed reports in the Spanish press that banks including Bank of America Merrill Lynch, Citigroup and Société Générale had declined to underwrite its rights issue.

Tractel is preparing to join a relatively quiet early September leveraged loan market with the launch of a €235m loan package next week.