Bank of America

State Bank of India has closed its loan at $554.5m, managing to gather enough demand during syndication to increase its borrowing from the launch size of $390m.

China’s Tianhe Chemicals Group started talking to investors on May 12 about a Hong Kong IPO that could be worth around $1bn.

Noble Group, a supplier of agricultural and energy products, metals and minerals, has increased the final size of its loan to $2bn from the launch size of $1.35bn, with an impressive showing in syndication as some 40 banks joined.

French insurance firm Axa is looking to sell a rare perpetual non-call note, taking in a blowout book despite the heft of subordinated financials debt seen this week.

South Korean oil refiner GS Caltex will be meeting with investors over the next two weeks after for a proposed dollar issue.

Five FIG issuers took to the subordinated markets to take advantage of months of undersupply this week, with the results highlighting not just the feverish grab for yield but also just how far banks have come since the crisis of 2008 in building their capital levels.

Yankee banks returned to the dollar fray with opportunistic trades from Barclays and Westpac, with the UK bank mirroring a recent trend in euro deals by printing a long dated bond.

Rabobank and Banque Fédérative du Crédit Mutuel are taking full advantage of one of the best windows for subordinated issuance so far this year to print €4.2bn equivalent in tier two capital across three deals, as total European FIG issuance this week surpasses the €10bn mark.

The Republic of Korea will meet investors next week and the week after for a proposed dollar deal, in what is set to be a record year for sovereign bond issuance in the region.

Bankia is looking to push Spain’s recovery story another step forward, taking to the subordinated tier two market to raise loss absorbing capital as the bank nears the two year anniversary of its bailout by the Spanish government.

Encouraging Indian election exit poll results, a recent rating upgrade and rarity value helped Bharti Airtel price a jumbo dual currency dual tranche issue on Monday. Voracious investor appetite enabled the issuer to price flat to its existing curve, but ample leftover demand could see a replay of the hefty taps the issuer made on its debut dollar and euro bonds last year.

Investors are opening up their portfolios to longer duration bonds after the ECB signaled it is likely to cut its benchmark rate in June, and BNP Paribas is taking hold of that demand to sell a 10 year senior bond on Monday.