Natixis

FIG bankers are expecting some issuers to bring forward plans to print tier two early next year as investors show they are ready to take on higher beta paper.

Russian gold and silver miner Polymetal has signed what is likely to be one of the final Russian loans of the year, in a $350m four year deal with five banks.

Six borrowers raised nearly €5bn in the covered bond market this week, once again surpassing supply expectations. The star attraction, notable for both its size and tenor, was a €1.5bn three year from the Norwegian issuer, Sparebank 1 Boligkreditt.

Société Foncière Lyonnaise (SFL) brought a €500m seven year offering to market on Thursday, bagging an order book over €3.5bn.

BNP Paribas defied the gloom that characterised the third quarter investment banking revenues reported by its French peers over the last week, all of which posted revenue falls in their investment banking divisions.

Natixis posted weak corporate and investment banking revenues for the third quarter of the year on Wednesday evening, despite strong performances in equities and structured finance.

The Sultanate of Oman is tapping the loan market for $500m, its first loan in eight years, as the formerly cash-rich country faces a fiscal deficit.

A trio of SSA issuers made moves to mop up short end dollar demand on Tuesday. NRW Bank printed a $1bn bond and two others mandated for deals.

The Commercial Bank of Dubai has mandated six banks to arrange a Reg S dollar benchmark bond, and is starting the roadshow for the deal on Thursday.

Goldman Sachs and Sumitomo Mitsui Trust raised $500m of five year funding this week using a novel triple recourse special purpose vehicle called SumitG.

Beijing-based boutique investment bank, China Renaissance, has launched a new division to advise companies looking to raise funds in China’s onshore capital markets, expanding the firm’s services to include both its home and overseas markets.

Beijing Automotive Group (BAIC) has priced the second euro-denominated bond by a Chinese auto company, following a recent issue from one of its peers. Seven firms in total were hired as joint global co-ordinators for the €500m ($552m) deal after the issuer added five more banks to the syndicate to reward them for placing anchor orders.