Bank of America

Bankers are predicting more than $100bn of corporate supply in the coming weeks as US corporates emerge from earnings blackouts to exploit near-perfect funding conditions ahead of an expected spike in volatility.

Hongkong Electric is poised to end a five year absence from the dollar bond market after launching a 10 year offering on Thursday.

Banco Nacional de Costa Rica’s decision to wait for Argentina’s gigantic bond comeback to be priced was proven to be wise on Wednesday as it notched a 5.5 times oversubscribed green bond.

China Aoyuan Property Group executed a highly popular $250m transaction this week that saw books more than seven times covered, in what was a rare appearance from a Chinese high yield property company in the dollar bond market.

The Province of Ontario is to hit the dollar market on Wednesday with a 10 year benchmark while the Asian Development Bank (ADB) and Oesterreichische Kontrollbank printed deals on Tuesday, as bankers noted the popularity of dual tranche deals in the currency.

China Aoyuan Property Group made light work of jittery market conditions on Monday with an extremely popular $250m bond that was more than seven times covered by asset-hungry investors.

Chinese online e-commerce company JD.com is set to embark on a roadshow ahead of its very first offshore outing this month.

Several of Europe’s IPOs moved forward today, with coverage and pricing updates and the launches of bookbuilds.

Bertelsmann, the German broadcaster and publisher, issued a €500m bond on Monday that attracted a book of nearly €2bn, but kept the initial size as pricing inside guidance stirred investor sensitivity.

Eurofima was the sole issuer testing the euro waters on Monday, with bankers expecting a quiet second half of the month in the market after a frantic start to April in which issuers placed 12 benchmark deals.

The Asian Development Bank and Oesterreichische Kontrollbank hit screens with dollar deals on Monday, with ADB adding more supply to a burst of dual tranche trades that included deals last week by the World Bank and the Japan Bank for International Cooperation.

Wells Fargo quickly drew a large order book for a €3.5bn dual-tranche senior trade on Monday, as it became the first of the US banks to fund in euros after last week’s better than expected results.