Bank of America

South African telecommunications company MTN built a $3bn book for its $750m 10 year bond on Monday. Leads printed the maximum size that the company was considering as emerging market and investment grade buyers scrabbled for the diversification the debut name offered.

Nexteer Automotive Group, which has operations in China but is headquartered in Michigan, is marketing its debut dollar bond.

Heathrow has signed a £2.15bn refinancing of its revolving credit and liquidity facilities with a syndicate of 22 banks. The loan comprises a £1.4bn revolving credit facility and a £750m standby liquidity facility.

Skandinaviska Enskilda Banken has begun a roadshow for its debut additional tier one capital issue. Along with a potential pair of capital trades from Australian banks, it will provide the FIG market’s first true test of investor risk appetite since the European Central Bank’s banking system health check.

Intu Properties, the UK real estate investment trust, signed a £600m revolving credit facility on Friday. The five year loan carries a two year extension option.

Hungarian oil refinery company Mol has signed a $1.55bn equivalent revolving credit facility agreement with a group of 15 banks, increasing the size of the deal from its original $500m-$1bn target range.

Syndicating a reopening of a 55 year bond in a month where sterling was shaken by volatility could have been tough for the UK Debt Management Office this week. But it passed the test with flying colours, attracting its largest book ever on an ultra-long syndication and breaking the 3% yield bogey for the first time.

The US investment grade corporate bond market barely blinked this week when the US Federal Reserve called time on quantitative easing. Companies hit the market ahead of what is expected to be a bumper November for new issuance.

The highlight deal of the week in Europe’s corporate bond market was Hutchison Whampoa’s €1.5bn seven year issue on Tuesday — part of a bigger deal that also involved three and 10 year dollar bonds totalling $3.5bn.

The $500m five year, non-callable senior bond Jaguar Land Rover sold on Tuesday began trading up at 100.75, gathering investor interest in a market environment that “is only now becoming more stable”, said the company’s treasurer.

The Shanghai-Hong Kong Stock Connect initiative, also known as the Through Train, this week missed its widely expected October 27 launch date. The Hong Kong Stock Exchange (HKEx) said on October 26 that the programme was ready to go, pending final approval from Hong Kong and Chinese regulators.

Hutchison Whampoa showed off its impeccable access to bond markets, rewriting the record books and selling $5.4bn worth of dollar and euro bonds on October 28 in what is the largest corporate offshore deal to come out of Asia ex-Japan.