NatWest Markets

Vallourec’s bond issue may have gone well today, but for the other corporate issuers in euros and sterling it was a much rougher ride. Accor launched a €150m tap and RCI Banque a £250m sterling three year – but neither managed to tighten pricing from their initial thoughts.

Following the restructuring of the business at the beginning of September, RBS has announced the management team for EMEA investment grade debt capital markets.

The UK based bank has named Rohit Sawhney as the new head of global transaction services for Asia Pacific

Huatai Securities is readying itself to tap the market with a credit enhanced bond having hired five banks to arrange a series of investor meetings that is poised to start on September 22.

Gemalto, the French internet security company, launched its first bond issue today, raising €400m at attractive terms, as it finances its $890m acquisition of SafeNet.

UK equipment hire company Speedy Hire has signed a £180m asset-backed revolving credit facility, to replace a £220m facility signed three years ago and due to mature in August 2015. The margins and fees on the facility have been reduced across the board.

Indian state owned refiner Hindustan Petroleum Corp has opened a $300m financing into general syndication. An Indian lender has joined as MLA ahead of general launch, in addition to the five mandated lead arrangers and bookrunners,

Reliance Industries’ telecom arm Reliance Jio Infocomm has picked a consortium of 15 banks to lead its $1.5bn refinancing.

Pernod Ricard, the French distiller, issued its second European bond of the year on Wednesday, in a week already well populated with deals for drinks companies.

Diageo, the UK alcoholic drinks group, was named by research firm CreditSights last week as one of the European consumer goods companies most exposed to risk from the Scottish independence referendum.

LVMH Moët Hennessy Louis Vuitton has a cachet in the bond market, as in its own field of luxury goods. An A+ rating is rare, and LVMH is an infrequent borrower. It can also rely on the enthusiastic support of French investors.

Indian state owned refiner Hindustan Petroleum Corp has launched its $300m loan into general syndication, with the five leads already being joined by one Indian lender at the mandated lead arranger level.