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  • BPCE issued final guidance on Thursday for its latest multi-tranche Samurai sale, giving investors plenty of choice with two senior and three subordinated tranches.
  • The Province of British Columbia (BC) has mandated Bank of China and HSBC as joint leads for its debut Panda bond, Michael de Jong, BC’s Minister of Finance, told GlobalRMB. The deal is expected to launch in January and will be the first Panda from a sovereign credit.
  • FIG
    The euro FIG primary market was bare on Thursday morning as the European Central Bank prepared to ease monetary policy, with bankers expecting its president, Mario Draghi to do one thing — beat their expectations.
  • Carlyle Group has sold RAC, the UK roadside recovery firm, to CVC Capital Partners in a deal that values the business at £2.2bn, including its debt.
  • Investors poured into Tianjin Free Trade Zone Investment Holding Group’s (Tianjin FTZ) debut dollar bond this week, helping the state-owned company raise $500m with a more than seven times covered order book.
  • Mexican government-owned oil company Pemex held an investor call on Wednesday morning ahead of a planned sterling-denominated trade.
  • Tsinghua Unigroup started taking bids for a dual-tranche dollar offering on Thursday, which if printed would be the first offshore bond from the issuer.
  • The European Central Bank failed to meet the scale of quantitative easing the market expected, though to the extent it can buy a wider range of assets, this could allow it to scale back covered bond purchases under its official buying programme (CBPP3), bankers told GlobalCapital.
  • The French bank opened books for an eight year benchmark on Tuesday. The initial double digit spread looked generous and ensured the first covered bond to be issued in December got off to a flyer.
  • Europe's policymakers need to unlock the full potential of the continent’s equity capital markets, which are ‘under-developed’ compared with their US counterparts, the Association for Financial Markets in Europe said this week.
  • Shares in Edag Engineering Group, the German car engineering company, rose 16% on Wednesday when they began trading in Frankfurt after the company’s €166.25m IPO.
  • Scandic Hotels, the largest Nordic hotel operator, has made a limp start to trading on Nasdaq Stockholm after its Skr3bn (€326m) IPO.