NatWest Markets

Indonesian oil and gas company Pertamina, which mandated 12 lenders for its $1.8bn five year loan in October, launched the facility into general syndication on November 18.

Mercialys, the French property company spun off from supermarkets group Casino, priced a €550m 8.3 year bond on Tuesday, in conjunction with a buyback offer for its €650m 2019 bond, to extend its debt maturity profile.

Reliance Jio Infocomm’s $1.5bn dual tranche loan that opened in September has been allocated among 26 lenders, 11 of which joined during general syndication. Thin pricing did not stop Taiwanese, Japanese and Middle Eastern lenders from piling into the deal, as it gave them a chance to form a relationship with India’s biggest private sector company.

British Sky Broadcasting, the UK pay TV company, priced €850m and £750m of listed bonds on Monday over three maturities to fund its acquisition of Sky Deutschland. The deal was no blowout — one tranche was priced at the level of initial price thoughts, the others only 5bp tighter — but with an additional €400m from a private placement on the same day, Sky says it has now completed the financing for its acquisitions.

US medical equipment manufacturer Thermo Fisher Scientific on Monday issued its first public bond in euros, a €640m transaction maturing in April 2025.

Goodman European Logistics Fund (Gelf) priced a €400m seven year bond in a crowded market on Friday, but managed to stand out enough to get a €1bn book.

Beijng Infrastructure Investment has been a regular in the offshore debt market this year, and printed its third bond on November 13. But there was a strategy behind its frequent appearances, the first two testing the water ahead of a much larger trade this time around.

Sterling investors got a rare treat on Thursday from Yorkshire Building Society, which re-entered the tier two market for the first time in years, building a four times oversubscribed book.

Yorkshire Building Society is set to sell its first tier two bond in years, building a substantial book for a £250m 10 year non-call five year.

Beijing Infrastructure Investment is looking to cement its place in the international market by tapping it for the third time this year. But unlike its previous attempts, the company has now opted for a slightly funkier structure via a dual-tranche offering on November 13.

CNP Assurances benefited from a lack of insurance supply when selling a perpetual tier two deal on Wednesday, setting the stage for other insurers to tap the market over the coming week.

Beijing Infrastructure Investment Hong Kong is due to kick off a series of investor meetings as it seeks buyers for its maiden offshore dollar bond to finance its capacity expenditure and general corporate purposes.