Barclays

Public sector borrowers are hitting several parts of the euro curve, with dollar issuance all but dried up before the US Federal Reserve announces later on Wednesday the outcome of its Federal Open Markets Committee meeting.

A $975m refinancing for India’s Reliance Industries has opened for general syndication via 13 mandated lead arrangers and bookrunners.

Export Development Canada (EDC) has printed $1bn no-grow three year dollar benchmark that brought in a large order book and priced tightly, despite volatility elsewhere in markets.

Shire's $18bn loan looks set for a strong subscription in syndication, said bankers this week, and a string of bridge financing deals is raising the market's mood.

Qatar has signed its $5.5bn five year loan with 13 banks in the syndicate. The six underwriting banks are holding at least $4.2bn of the loan between them, according to a banker on the deal.

Honeywell International has hired four banks to arrange its return to the European bond markets after a 15 year absence.

Export Development Canada is to price a $1bn no-grow February 2019 benchmark on Tuesday, ahead of this week’s Federal Reserve rates meeting.

The European Financial Stability Facility will hit the short and long end of the curve with its second benchmark of the year, a move that is being viewed as an effort to achieve size and duration.

UniCredit has offered to buy back up to €1.8bn of subordinated bonds mainly held by retail investors for the third time this year, as it looks to clean up its capital structure.

The carnage afflicting worldwide financial markets played into a trio of issuers’ hands this week, with each one able to attract strong demand from investors seeking safety in uncertain times.

Chemring, the UK defence contractor, said on Thursday that it would issue £80.8m of new shares to reduce its debt, after profit shortfalls last year.

A storming start to the supranational and agency sterling market showed no signs of abating this week as issuance volume reached a record year-to-date high — and another issuer lined up a deal for Friday.