Bank of America

A pair of supranationals have unveiled plans to bring bonds with an environmental flavour. One issuer may delight European Central Bank officials with a super rare appearance in euros.

A pair of Asian agencies have tackled the long end in dollars, but despite attracting big order books and setting spreads at the tight end of guidance, bankers stressed the deals should not be taken as a sign that the dollar market is back to full strength.

Russian fertiliser producer Eurochem signed a $750m pre-export credit facility, it was revealed on Wednesday, having been in talks with banks since the end of last year.

The Indian equity capital market has record its first large trade following the summer slowdown, with Indiabulls Housing Finance executing a qualified institutional placement (QIP) on Wednesday. While the share sale is only scheduled to officially close at the end of the week, the outcome is already a foregone conclusion with pricing fixed, books anchored and a $100m increase option taken up by the company to raise $600m.

Asian bond issuers have finally decided to venture back into the market with a trio of investment grade names opening books to dollar deals. Export-Import Bank of China (Chexim), Shanghai Pudong Development Bank and Korea Development Bank are vying for attention in the first test of investor demand in three weeks.

Indiabulls Housing Finance is out with the first large follow-on offering of the post-summer season, with the mortgage lender launching a Rp33.30bn ($500m) deal on Wednesday.

Abu Dhabi's First Gulf Bank has agreed a loan at a margin 60bp tighter than its last deal, as it raises $1bn to meet the liquidity requirement of the United Arab Emirates central bank.

US bankers may have downed tools for Labor Day on Monday, but Bank of America was busy selling a dual tranche senior unsecured deal in the euro market.

Lotte Group has shortlisted seven candidates for the proposed listing of its hotel chain business, having sent out a request for proposals last month.

After the first week of proper business in European equity capital markets since the August shutdown, the early signs are good: investors are open to buying new deals.

The buoyant trend in the equity block trade market continued on Thursday evening, as Deutsche Börse raised €200m to finance its acquisition of 360T Trading Networks with a tightly priced sale of treasury shares.

Shares in Abengoa, the troubled Spanish renewable energy company, plunged again on Thursday and its credit default swap spread widened sharply, on unconfirmed reports in the Spanish press that banks including Bank of America Merrill Lynch, Citigroup and Société Générale had declined to underwrite its rights issue.