Barclays

Mölnlycke, the Swedish maker of wound dressings and surgical gloves, issued a €500m eight year bond on Monday, as the corporate bond market’s awakening from earnings blackouts continued apace.

BorgWarner, the US car engine and drivetrain maker, furthered the return of reverse Yankee bonds to Europe's corporate market on Monday, by issuing a €500m seven year no-grow deal.

Royal London Mutual Insurance Society looked to the sterling market for a £350m 13 year subordinated bond, following meetings with investors earlier this week.

Barclays and Nordea secured strong demand and tight pricing for tier two deal this week, as both banks looked to capitalise on positive investor sentiment. Their success had market participants expecting further supply.

Veritas, the Californian data management company, has become the first US borrower to roadshow for a euro high yield bond in the second half of this year — and bankers say it will soon have company.

In a departure from recent tactics, the Export-Import Bank of Korea (Kexim) launched its most recent bond with a generous price guidance. But the gamble paid off as the borrower attracted a record order book and got away with paying only a small concession.

Issuers, investors and regulators are paying attention to senior unsecured bank debt, and the tier two bonds that stand below them in the capital structure, like never before. Nick Jacob reports.

Latin America bankers say that a Mexican corporate is likely to announce a roadshow on Thursday after Fibra Terrafina’s debut deal traded well in secondary despite only a modest oversubscription.

Perform Group, the UK digital sports media company, announced its intention on Wednesday to hit the high yield market with its first bond: £200m of secured notes to fund new content.

Barclays PLC secured strong demand and tight pricing for its €1.25bn 10 year non-call five tier two notes on Wednesday, leaving market participants optimistic about bank capital supply.

Royal London Mutual Insurance Society looked to the sterling market for a 13 year subordinated bond following meetings with investors earlier this week.

Market sentiment improved towards the back of last week when some pipelined deals burst into the market, and that sentiment has continued to improve in the early throes of this week.