Bank of America

Corporate bond issuers hung back from issuing in euros on Monday, as markets made a soft opening. But the pipeline continued to fill and issuers like Eurogrid and Mohawk Industries are in the offing.

A German agency is set to bring a dollar benchmark in 10 years — a tenor that could be due for a comeback after being largely shunned in May.

Darling Ingredients, the Texas-based food ingredients maker, sold a €515m senior unsecured bond to yield 4.75% on Friday, even as French cable manufacturer Nexans was pulling its €250m deal.

Dell, the US personal computer maker, has launched a repricing of $3.6bn of loans to cut margins and bring documentation into line with more bond-like market standards.

Just as the year's first round of Turkish bank refinancing has almost reached an end, Akbank has taken the market in a new direction, with a three year loan that is the first Turkish stand-alone financial deal since 2007 that is longer than a year.

Home Depot and Time Warner led a flurry of corporate borrowers on Thursday as the dollar market closed in on a record month for issuance.

Rating: A3/A/A

Dell, the US personal computer maker, has launched a repricing of $3.6bn of loans to cut margins and bring documentation into line with more bond-like market standards.

The Republic of Korea has mandated two banks for a credit update with bond investors in London next week.

The Philippines’ largest bank — BDO Unibank — is in the market to raise $350m in a deal led by half a dozen mandated lead arrangers and bookrunners. The bank is the latest among a string of financial institutions out of the country to go offshore for dollars. Bankers expect more activity of this kind, as Philippine lenders look to fund their fast growing economy.

Chinese department store operator Golden Eagle International Trading is likely to increase the size of its latest borrowing for a second time to $700m. General syndication, which was launched in early April, coincided with a rating downgrade of parent Golden Eagle Retail Group by Fitch, but an attractive yield amid fewer deals helped see the financing through, said bankers.

The continuing saga of Kaisa Group Holdings reared its ugly head once again this week when Sunac China Holdings announced it had terminated the acquisition of a stake in the troubled property developer. But that had little impact on the primary pipeline, with two high yield real estate companies raising a combined $600m.