Bank of America

Sovereign, supranational and agency borrowers this week enjoyed conditions that smacked of the exuberance of 2006 and 2007, but those issuers wanting to take advantage of supply-starved investors next week will have only a narrow window — as a Federal Open Market Committee meeting, a holiday in Japan and Scotland’s vote on independence will make opportunities for issuance few and far between.

Agence Française de Développement this week became the first supranational or agency issuer to raise €1bn with a green new issue in euros at the long end of the curve, while the European Investment Bank priced a tap of a November 2026 Climate Awareness Bond in Ecoop format. That came just a week after it sold the original deal, which is its longest benchmark Climate Awareness Bond in euros.

Chilean bank CorpBanca and BBVA’s Peruvian arm began investor meetings on Thursday as the September rush to market gathered pace in Latin America.

Allianz continued a strong run of deals for insurers on Thursday, drawing a large order book for a perpetual trade. Attractive levels compared to bank bonds are driving the trades, according to syndicate managers.

Deutsche Lufthansa, Germany’s national airline, launched its first bond since 2009 on Friday September 5, at the remarkably tight spread of 75bp over mid-swaps — showing just how valuable a loyal following of domestic investors can be.

Euro investors lapped up a second helping of Australian infrastructure bonds on Thursday, placing more than €3.1bn of orders for an inaugural 10 year deal from rail freight operator Aurizon.

The investment grade market was a story of the haves and have-nots as investors showed signs of fatigue amid a deluge of supply.

Powerlong Real Estate Holdings finally succeeded in tapping the dim sum market this week, raising Rmb1.5bn ($244m) via a 10.75% 2017 note on September 10. This was the issuer’s second attempt at a bond this year, having failed to price one in January.

Australian gaming products company Aristocrat Leisure plans to market its $1.3bn seven year senior secured term loan to US investors. The company is raising the money to fund its acquisition of US gaming operator Video Gaming Technologies and to refinance debt.

Pelindo III eyes maiden dollar bond — Indonesia's MPM seeks debut — Tata Comms looks to tackle dollar inaugural — FWD picks five for roadshows — IFC mandates three for dim sum — Honghua seeks international debut

Bangkok Dusit Medical Services Public Company has become the second Thai group to tap the equity-linked market this year, raising Bt10bn ($311m) from a zero coupon convertible bond. The fact that the company’s shares have been rising consistently since the start of the year made it a hard story to sell, but the group still managed to offer favourable terms — for itself and for investors.

ICICI Bank opened books for a 5.5 year bond on September 11, just four months after the Indian lender last tapped the dollar market for funding.