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Autodistribution, the French car parts distributor, has priced its €237m of pay-if-you-can notes, to finance its buyout by Bain Capital.

The fragility of corporate hybrid capital was laid bare again this week, when Standard & Poor’s stripped the equity credit from 29 bonds, issued by 14 issuers.

Platform Specialty Products, the Florida headquartered chemical products manufacturer, is holding bank meetings today (Thursday) in London for $1.475bn of loan facilities backing its $2.1bn acquisition of UK based chemicals provider Alent.

Bank Nederlandse Gemeenten will be seeking to “cherry pick” opportunities in the private market for the rest of the year, according to a funding official at the issuer.

In a rare move, China International Capital Corp (CICC) has named all 11 banks working on its HK$6.29bn ($811.61m) high-profile Hong Kong IPO as joint global co-ordinators. But instead of sparking a turf war among its syndicate, the move has won praise from bankers on the trade. John Loh reports.

ING is awaiting commitments from Gategroup’s relationship banks for a €250m facility it underwrote last week, according to a banker on the deal.

Liechtenstein based LGT Bank tapped the Swiss franc market on Thursday, enjoying strong demand from local pension funds, insurance companies and bank treasury desks.

Market uncertainty surrounding Wednesday’s Federal Reserve meeting gave way to a healthy primary session on Thursday, as Santander Consumer Finance, Old Mutual and SNS Bank all took the opportunity to grab funding.

Indonesia’s Trikomsel Oke looks set to miss a payment on its Singapore dollar bonds, the first such case in more than six years in the city-state. Although the move is expected to increase volatility in the short term, sources hope it will also shake up any complacency in the market, writes Narae Kim.

Polska Grupa Energetyczna, the Polish state-owned power company, has signed Z2bn (€467m) of loans with the European Investment Bank, following a Z5.5bn(€1.3bn) syndicated loan.

Sri Lanka had to pay up to get its second dollar bond of the year across the line this week, but the money left on the table was more than worth it as the sovereign ended up raising $1.5bn, a record for the country.

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.