Barclays

Sumitomo Mitsui Banking Corporation (SMBC) made its return to the offshore debt market on Thursday, January 8, raising a total of $2.25bn through a triple tranche dollar bond that attracted strong demand from investors and allowed bankers to price the deal flat to the borrower’s existing curve.

The Epiphany holidays in Europe on Tuesday may have disrupted the issuance calendar for the week, but that didn’t stop issuers from printing over €15.5bn of senior unsecured debt in just two days on Wednesday and Thursday.

Barclays Bank re-opened the primary covered bond market on Monday by issuing a £1bn ($1.51bn) three year sterling benchmark, and was followed by a pair of Canadian borrowers.

The Republic of Turkey re-opened the CEEMEA bond market in 2015 on Wednesday with a $1.5bn tap of its 2043s. Turbulence across EM and falling oil prices played to Turkey’s favour with the bond offering a haven to nervous investors. But as a result of the recent volatility, the country paid a decent new issue premium, bringing in a $5bn book.

After Barclays overhauled its investment bank last year, it must prove it can deliver its strategy in 2015, writes David Rothnie.

The Republic of Turkey re-opened the CEEMEA bond market in 2015 on Wednesday with a $1.5bn tap of its 2043s. Turbulence across EM and falling oil prices played to Turkey’s favour with the bond offering a haven to nervous investors. But as a result of the recent volatility, the country paid a decent new issue premium, bringing in a $5bn book.

China Huarong Asset Management is back in the market, launching a multi-tranche trade in dollars as it looks to become one of the first Asian companies to tap the debt market this year.

The Republic of Turkey, one of the emerging market countries expected to benefit from falling oil prices, is reopening its 2043 bonds today.

Abbey National and Banque Fédérative du Crédit Mutuel have opened up 2015's market for fixed rate senior unsecured bank bonds, offering investors longer tenors than the three floaters from other issuers also in the market today.

State Grid Corp of China, a government-owned utility, has mandated banks for a possible debut euro bond to be issued through its European subsidiary, State Grid Europe Development.

The Export-Import Bank of Korea (Kexim) has mandated seven banks for its first bond sale of 2015, in a deal that is expected to hit the screens by mid-January. The borrower is making an early start to its fundraising in a year that will see it raise up to $13bn offshore.

Deutsche Bank looks set to finish second in the 2014 league table for bookrunners of global supranational, sovereign and agency bonds, excluding US agencies. Deutsche has been top every year since 2010.