Société Générale

Société Générale has hired Frances Cheung and Imtiaz Shefuddin to the bank’s cross asset research team in Asia Pacific.

Statoil, the Norwegian oil and gas company, issued €3.75bn of bonds today, after falling oil prices contributed to a 36% drop in the company’s third quarter earnings. It is the biggest euro investment grade bond issue this year - though both Altice and GTech have issued bigger high yield financings, with parts of the deals placed in dollars.

The acquisition of Las Vegas-based International Gaming Technology by the Italian gambling technology company GTech took a step ahead on Tuesday as GTech raised €4.4bn in euros and dollars, in the second biggest European high yield deal so far this year.

The Republic of Cameroon has picked Société Générale and Standard Chartered Bank to arrange a bond, which looks likely to be up to $1.5bn.

The Spanish government is set to price its privatisation of Aena, the state airport operator, this evening. The flotation of a 49% stake has attracted strong demand and looks set to be a big win for the government, potentially netting it up to €4.26bn.

Electricity Supply Board, the Irish power company, has amended and extended a €1.44bn loan facility with Intesa Sanpaolo and Santander joining the syndicate for the first time.

Tentative allocations are out for Indonesian oil and gas company Pertamina’s five year fundraising. The loan has been closed at a size of $1.747bn, with the dozen banks at the top that prefunded the money managing to sell down as per expectations, said bankers close to the transaction.

Host Europe, the German online hosting provider, has been delayed in closing books for its £535m loan for the acquisition of Intergenia, after the consent process for the deal took longer than expected.

Slovakia’s Eustream printed a €500m no-grow 10 year bond at 200bp over mid-swaps on Thursday late afternoon in London, the first investment grade corporate deal out of central and eastern Europe so far this year.

Santander was able to benefit from a strong bid for paper from the eurozone’s periphery this week, drawing a strong order book for a deal through its Santander Consumer Finance Subsidiary — bankers pointed to a more reassuring political situation in Greece as a reason to expect more deals from the region in the coming weeks. Meanwhile, Nordea was also able to appeal to investors with the first Scandinavian senior print of 2015.

Eustream has released price guidance for a €500m no-grow 10 year bond at 220bp area over mid-swaps. The deal is expected to be priced later on Thursday.

Russia's privately owned bank Promsvyazbank has launched a cash tender for its subordinated $200m 11.75% 2016s, its senior $400m 8.5% 2017s and its subordinated $600m 10.20% 2019s. The move is a show of strength from the bank as well as a routine management of the bank’s own liquidity and capital, said a liability management specialist on the note.