Barclays

RWE, the German electricity and gas company, issued €1.25bn of hybrid bonds on Tuesday, which are expected to partly replace its €1.75bn hybrid issued in 2010 and to be callable in September.

The FIG market could be set for a spate of issuance from the eurozone’s periphery in the coming weeks, with bankers tipping other financial institutions to follow Spanish pair CaixaBank and Ibercaja into the primary market.

Petróleos Mexicanos has tightened price guidance for its dual tranche euro bond as combined books for the seven and 10 year deals hit €5.25bn.

Pennsylvania’s Trinseo, a plastics manufacturer, wants to issue $750m of unsecured notes, including a euro tranche, to repay its 8.75% bond sold in 2013.

Anheuser-Busch InBev, the Belgian-US brewer, showed how well Europe’s corporate bond market has recovered since Easter — and the apparent change in the market’s depth in the past year — by issuing a €3bn bond on Monday that found very strong demand.

Japan Finance Organisation for Municipalities is set to add to a recent splurge of seven year dollar issuance on Tuesday, after mandating banks for a RegS deal on Monday.

ZF Friedrichshafen is preparing to launch its long-awaited first public bond, to refinance its acquisition of TRW Holding of the US last year.

German plastic film maker Kloeckner Pentaplast has launched an €831m-equivalent loan in dollars and euros to refinance debt and pay a dividend.

If one was thinking of a similar pair of European corporate bond issuers, Unibail-Rodamco and Klépierre, the French property companies, might come high on the list. On Wednesday they both issued bonds — but the coincidence appeared to do neither issuer any harm.

Moroccan phosphate group OCP has mandated banks for a series of investor meetings for a 144A Reg S dollar bond.

Kosmos Energy found decent demand for a tap of its debut bond deal this week, despite being an EM flavoured oil credit.

The primary market in covered bonds was active this week, but not in its staple euro market. Canadian issuers came to the fore, supplying benchmark deals in sterling and dollars.