People

BNP Paribas consolidates crisis gains

Martin Egan, appointed global head of primary markets and origination and Arne Groes, global head of flow-credit trading of BNP ParibasMartin Egan, global head of primary markets and origination, and Arne Groes, global head of distribution, at BNP Paribas

BNP Paribas has had a good crisis. Now, after a reorganisation at the top level of the investment bank, the challenge is to consolidate the gains it has made and expand its US and Asian presence, a task that its new global head of primary markets and origination and global head of distribution are relishing. Writer Geraldine Lambe

Issuers

Nimble KfW tests euro demand

KfW's treasurer, Dr Frank CzichowskiKfW's treasurer, Dr Frank Czichowski

In the face of heightened debt market volatility in Europe and serious concerns over the long-term future of the euro, German development agency KfW found a window of opportunity to raise €5bn in a three-year deal. Writer Charlie Corbett

Deals

HSBC's sukuk solution

HSBC Saudi Arabia's team: (top row, l-r): Rajiv Shukla, Fahad Al-Saif, Mohammed Albensaleh, Muhammad Farhan, (bottom row, l-r) Asma Alghofailey and Lama Al-SalehHSBC Saudi Arabia's team: (top row, l-r): Rajiv Shukla, Fahad Al-Saif, Mohammed Albensaleh, Muhammad Farhan, (bottom row, l-r) Asma Alghofailey and Lama Al-Saleh

With its seven-year maturity making it the longest for any sukuk drawn up by a Saudi corporate, the $1.9bn capital raising put together for the Saudi Electric Company marks a huge achievement for the HSBC Saudi Arabia team that assembled it. Writer Edward Russell-Walling

Institutions

The new line up: investment banks battle for position

There are two clear leaders at the front of the investment banking pack, but a battle is being waged immediately behind them - and there is everything to play for. Geraldine Lambe reports.


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