Barclays

The European Union will this week tap its most recent bond to fund more lending to Ukraine, after mandating banks for a deal on Tuesday. The mandate came as the European Stability Mechanism completed its bond business for 2014 with its second ever tap.

Onex, the Canadian private equity firm, has acquired SIG Combibloc, the Swiss drinks carton maker, for €3.75bn and confirmed 10 banks that will arrange the leveraged buyout.

The Republic of Kenya has released initial price thoughts for a tap of its $500m 2019s and $1.5bn 2020s that equate to a 20bp new issue premium. The tap will be priced later on Tuesday.

Korea East-West Power Co (EWP) provided a strong end to what has been a mixed year for Korean credits, selling a $500m 5.5 year bond on November 24. Investors thronged to the quasi-sovereign, which benefits from favourable government policies, at one point helping the order book reach eight times subscribed.

Chinese real estate developer Logan Property Holdings launched a two-day roadshow on Tuesday as prepares its maiden dim sum bond six months after selling its inaugural international issue.

Verizon Communications, the US broadband and mobile phone company, raised €2.4bn ($2.99bn) on Monday with dual tranche bond issue, which it priced arguably inside its dollar curve.

The Bailiwick of Guernsey could follow Jersey in debuting in the bond market this year, after mandating banks on Monday afternoon to run a series of investor meetings.

Eneco, the Dutch gas, electricity and heating producer and supplier, issued a €500m hybrid bond last Friday. Demand for the perpetual non-call seven year issue was strong, despite competing issuance, volatility on Thursday and uncertainty around a Dutch unbundling law that could affect the sector.

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Korea East-West Power Company has opened books for what it looks to be the country’s last offshore bond this year. The five and half year 144A/Reg S bond had attracted an order book of $1bn by Monday afternoon.

Israel Chemicals pulled in a $4.3bn book for its debut bond on Thursday, proving that quality still sells in a market where several deals have been pulled this week, including by KazStroyService on Monday and South Africa’s FirstRand Bank on Thursday.

Two US blue chips issued a combined €4.8bn of bonds a day apart this week, demonstrating the euro market's attractiveness to US issuers and its capacity to absorb large amounts of paper. Bankers expect more US companies to dive in soon, while the swap market remains favourable.