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Cinven has mandated three banks to arrange a leveraged loan financing for its acquisition of Tractel, the French provider of equipment for working at height.

The RMB globalisation index (RGI) published monthly by Standard Chartered (StanChart) fell by 2.8% in June from a month earlier. The key reason for the drop was lower FX turnover, but ongoing liberalisations should support the market in the coming months.

HSBC has taken a knife to its forecast of volumes of offshore renminbi bonds and certificate of deposits for the year, as attractive costs of onshore funding steal the limelight from dim sum issuance.

Depo Auto Parts Industrial has parked for an NT$7bn ($224.5m) five year financing, with one bank in the driver’s seat.

Nanjing Xinjiekou Department Store, a subsidiary of Nanjing Cenbest, has announced its plan to issue offshore bonds in order to acquire China Cord Blood Corporation (CCBC)’s China business.

The proposed listing of CRCC High-Tech Equipment Corp on the Hong Kong Stock Exchange (HKEx) is gaining steam after the Kunming-based company filed its A-1 on August 6.

China's authorities are moving quickly on two sets of new guidelines, on Panda bonds and green bonds, and could be in a position to release them as early as September. A green Panda bond could follow, GlobalRMB has learned from several sources close to Chinese decision-makers.

In this round-up, RMB indicators rose in Hong Kong across deposits, trade settlement and clearing, HKEx saw a 66% month on month increase in USD/CNH futures, Macau's RMB deposits and trade settlement were also up, and China and Angola will use their national currencies for trade settlement.

The London Stock Exchange Group (LSEG) has made RMB products available across its platforms and is pushing for the currency to become just one more option available to its clients. But product innovation will only proceed as quickly as Chinese regulators' desire to open up, according to LSEG's director of international development.

A lack of close comps and fragile high yield market conditions appeared to have helped investors to earn very attractive yields on a pair of high yield deals from the Caribbean that were priced in the last week.

Syndicate bankers covering Latin America were finally admitting that new issuance could be mostly over for the summer after secondary bond markets, led by Brazilian credits, sold off again this week.

US biotechnology company Celgene ensured that August got off to a roaring start for high-grade issuance with an $8bn acquisition financing this week.