Bank of America

Deutsche Lufthansa, the German national airline, announced on Thursday plans for a €500m five year bond, its first since 2009.

Colombian utility Empresas Públicas de Medellín, has sold a COP965.745bn global peso deal at a yield of 7.625%. The note was three times subscribed, according to a syndicate official away from the deal, who added that the deal was a positive indicator of growing local currency demand.

Bookrunners were quick to point the finger at Korea Development Bank (KDB) after its new bond this week drew few orders and then sold off in secondary. But while KDB acknowledged the $750m deal had been priced aggressively, the issuer said it was following strategies recommend by its syndicate banks, writes Virginia Furness.

Swiss Re drew an almost four times oversubscribed order book for its debut dated dollar sub print on Thursday, with leads pricing the deal inside of initial price thoughts. The deal shows that appetite for sub debt remains robust among investors, even following starkly reduced demand in the market for additional tier one paper for prints from Santander and UniCredit earlier this week.

Mexican building material suppliers and cement producer Cemex is selling euro and dollar bonds to fund the buyback of the company’s dollar 2018s and 2020s. The Reg S/144A notes will be priced later on Thursday.

361° International raised Rmb1.5bn ($243m) from a 2017 dim sum on September 4 with a debut offering that was well backed by investors thanks to the diversification opportunity the credit offered.

China’s CGN Power, the country’s largest nuclear power producer in terms of total installed capacity, has filed for an IPO on the Hong Kong Stock Exchange in a deal that could raise the company as much as $2bn.

The US bank has launched a new regional product called CashPro Any2any in the island. The software tool lets companies process files in any format, making it easier for them to execute payments.

Wednesday would have been the busiest day for European corporate bond issuance since the August break, even without Sanofi’s €3bn stormer.

Bookrunners on Korea Development Bank (KDB)’s most recent bond have been scathing about the borrower’s approach to pricing and deal execution. And the complaints look to have a strong basis with the trade selling off aggressively in secondary market trading.

UniCredit looks set to confirm that a sea change is afoot in the additional tier one (AT1) market, as it prepares to print its first euro denominated deal in the format in line with initial price thoughts and with what is likely to be a book smaller than €2bn.

Bank of America and Citi both took to the euro market on Wednesday with self-led trades, looking to price seven and 12 year notes respectively. More US issuers are likely to look at selling euro debt in the coming weeks, drawn by access to longer dated funding and attractive pricing compared to dollars.