Bank of America

Japan Finance Organisation for Municipalities is set to add to a recent splurge of seven year dollar issuance on Tuesday, after mandating banks for a RegS deal on Monday.

Moody's, Standard & Poor's and Fitch have all put Royal Dutch Shell on negative outlook or watch for downgrade for its acquisition of BG Group, though bankers say it should not affect Shell's cost of borrowing.

Lloyds opened the senior FIG market for the week on Monday, drawing a diminished order book for a five year compared to its most recent senior prints.

The holding company of Montevideo’s Carrasco International Airport has hired Bank of America Merrill Lynch and Nomura to manage a three day roadshow, ahead of a senior secured project bond that could potentially be used to pay a dividend to shareholders.

ZF Friedrichshafen is preparing to launch its long-awaited first public bond, to refinance its acquisition of TRW Holding of the US last year.

Hyva Global, a truck parts maker controlled by private equity firms, is looking for a $295m financing. The facility is offering a high initial margin and generous fees.

Noble Group, a commodities supplier that launched a $2.25bn fundraising recently, is fending off further criticism of its financials and debt levels, with research firms Muddy Waters and GMT having issued new reports on the company.

Shell’s £47bn agreement to buy BG Group has stirred up optimism among debt bankers that mergers and acquisitions in the EMEA region could at last take off, stimulating corporate funding needs.

The primary market in covered bonds was active this week, but not in its staple euro market. Canadian issuers came to the fore, supplying benchmark deals in sterling and dollars.

Malakoff, an independent power producer, has attracted 11 domestic cornerstone investors for almost 75% of its MR2.74bn ($744.16m) IPO, in a strong show of support for what is the biggest IPO in Malaysia since 2013.

Shinhan Bank’s red hot $600m five year bond this week impressed the market with its top notch pricing and timing. The $4bn order book was certainly eye catching, but observers were also won over by how the deal was able to shock a subdued Korean DCM market back into life.

BMW dominated corporate bond issuance in Europe on Thursday, with an unusually large €2.5bn transaction.