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The fate of credit default swaps referencing Novo Banco still hung in the balance on Friday, with ISDA’s Determinations Committee unable to decide after three days of wrangling whether the Portuguese bank had triggered a government intervention credit event or a succession event.

Philippe Dischamps has joined Royal Bank of Canada as a managing director, seven months after leaving HSBC.

European Investment Bank rounded off a strong week for Australian dollar issuance from public sector borrowers, printing a five year note on Thursday.

Fomento de Construcciones y Contratas, the Spanish construction company, is still waiting for the Spanish financial regulator to approve its securities note for its rights issue, approved by the board on December 17.

The euro senior unsecured market finally came to life on Friday, with investors swarming all over a landmark BNP Paribas seven year and a large Rabobank floater.

Westpac New Zealand launched an eight year Swiss franc deal on Friday, making it the second international issuer in the market this week.

China’s reopened Panda bond market is continuing to gather momentum with the first issues from two offshore listed companies. The deals are the first Pandas sold into the country’s exchange bond market and mark a new issuer frontier for the product.

China’s attempts to allow markets forces to play a bigger role in the currency seemed to have backfired this week with both the onshore RMB (CNY) and its offshore (CNH) counterpart experiencing a tumultuous ride. Further depreciation is expected but the big unknown remains how policy makers will act.

India’s IDBI Bank has named a group of seven banks to manage a qualified institutional placement, according to a source involved in the transaction.

Jiangsu Hansoh Pharmaceutical Co and Simcere Pharmaceutical Group are looking to raise a combined $2.5bn from Hong Kong IPOs that could launch in the first half of 2016.

A $300m dual-tranche borrowing for a subsidiary of palm oil producer Golden-Agri Resources has launched into syndication. The money was funded by four banks in mid-2015.

Jabez Private Equity Fund I offloaded the remainder of its holdings in South Korea’s Hyundai Securities Co on Thursday, fetching W115bn ($96m) from the fixed price offering.