Bank of America

Esterline Technologies Corp on Monday announced it would offer €330m of senior unsecured bonds, the fifth high yield issue in euros from a US company in March.

Kevin Latter has been appointed head of investment banking in South Africa at Bank of American Merrill Lynch.

Scout24, the German online directories and listings company, is seeking an add-on to its debt facilities and has arranged a Tuesday call with investors.

Bank of America was the sole issuer to hit the senior market on Monday, defying a weak close to the end of last week to open books for a 10 year euro print.

Export-Import Bank of India (India Exim) is close to finalising the details of a landmark transaction this week with the agency looking to sell India’s first dollar-denominated green bond.

Inox Wind’s Rp10.40bn ($166m) Indian IPO has seen a stellar response from the market as investor demand takes books to 18 times covered, with pricing now widely expected to come out at the top of the range.

Hyundai Capital Services has returned to the international market, opening books to a 5.5 year 144A/Reg S dollar bond on Monday.

GF Securities is making a big splash in the ECM market, opening books for its Hong Kong IPO of up to HK$27.9bn ($3.6bn) on Monday, March 23 and offering a very generous discount to where the company’s A-shares are trading. The bargain buy has resonated well with the market, with cornerstone investors having signed up for more than half of the entire trade.

Mizuho Bank printed its first dollar issue of the year on Thursday, printing a multi-tranche offering that consisted of the same structure and size of its last outing in September. The Japanese lender took advantage of the cautious market sentiment following Federal Open Market Committee (FOMC) meeting this week to effortlessly bag $2.5bn.

Auto Trader shares shot up on the start of trading Thursday, at one point reaching a high 16.5% above issue price, after the new and used car sales website completed its £1.39bn London listing.

Equity accelerated bookbuild activity was lively this week, reflecting generally buoyant stock markets and investors eager for paper as quantitative easing begins to bite.

The hot demand in Europe's credit markets has already brought a stream of US investment grade borrowers to issue in euros. This week, four US high yield issuers rated single-B joined the caravan, writes Victor Jimenez.