Société Générale

KfW and the City of Paris built healthy books for no-grow green bonds on Tuesday, as some bankers suggested the KfW deal showcased the lesser execution risk amid tricky conditions that green bonds offer over conventional deals.

Russian gold and silver miner Polymetal has signed what is likely to be one of the final Russian loans of the year, in a $350m four year deal with five banks.

A supranational is set to add a new point on its curve this week, as a German region prepared to bring its third benchmark of the quarter.

A pair of public sector borrowers are lining up green bonds this week — but one of the deals could have implications beyond that of the burgeoning SRI bond market.

India’s Jindal Steel & Power is understood to have asked banks to relax a covenant on a $400m borrowing sealed in April 2013.

French motorway operator Sanef issued a €600m 10 year bond on Friday, in the style of this week in the European corporate bond market: with a massive order book and single digit new issue premium.

Société Foncière Lyonnaise (SFL) brought a €500m seven year offering to market on Thursday, bagging an order book over €3.5bn.

BNP Paribas defied the gloom that characterised the third quarter investment banking revenues reported by its French peers over the last week, all of which posted revenue falls in their investment banking divisions.

A spate of mandates hit CEEMEA this week, with Macedonia and Cameroon joining two Middle East banks in announcing new deals.

Bankers are expecting the Financial Stability Board (FSB) to loosen up its final total loss-absorbing capacity (TLAC) rule, set to be published on Monday, after the Federal Reserve published its own draft consultation of the rule last week.

In a departure from recent tactics, the Export-Import Bank of Korea (Kexim) launched its most recent bond with a generous price guidance. But the gamble paid off as the borrower attracted a record order book and got away with paying only a small concession.

Société Générale said that uncertainty over China and market volatility had hurt its third quarter investment banking numbers, with equities and fixed income both damaged by turbulent markets.