Barclays

Slovenia shaved another few basis points off its euro curve with a €2bn dual tranche bond issue this week. The sovereign’s well timed transactions in dollars and euros have helped some of its existing notes rally by almost 10 cash points in just two months, reflecting investors’ increasing confidence in Slovenia.

Investors are sinking their teeth into subordinated FIG debt this week, with insurance company NN Group and BBVA both bringing in big books for their deals.

Asia’s dollar bond investor were offered a rare chance to gain Thailand exposure on Wednesday after Siam Commercial Bank launched a five year deal, its first in two years, and the bond from the country since September.

Wal-Mart, the US hypermarket group, launched its second ever bond in euros today, raising €1.5bn. The deal showed that the euro market still has capacity for big drive-by transactions, despite the heavy issuance recently, culminating in last week’s all time record issuance of €18.5bn.

Damac Real Estate Development has drawn over $1bn of orders after opening books on its benchmark size five year debut dollar sukuk.

Slovenia drew almost €10bn of orders for a long three year and seven year euro bond issue on Tuesday, which catered to investors comfortable with duration and those more concerned about rates.

Crédit Agricole has responded to investors’ criticisms of some recent pricings by skipping initial price thoughts on its second additional tier one capital issue, which is also the first dual currency deal in the asset class.

The Islamic Republic of Pakistan will be meeting with investors this week and next as it looks to make a potential dollar offering.

The world’s largest pork processing company has launched its jumbo IPO with a 28-strong syndicate, which could results in some disagreements, particularly as the valuations of comparable companies are so diverse, said bankers on the trade.

Pertamina will be meeting with investors following the recent update of its $10bn global MTN programme.

LG Electronics is looking to make a return to the bond market after an almost two year absence.

Sweden’s Stadshypotek returned to the covered bond market on Monday, pricing a five year deal with the tightest spread in at least three years for any covered bond issuer outside of Germany.