BNP Paribas

So far this week, euro corporate bond investors have had to choose between three tranches from an individual issuer. On Wednesday, they had a choice of three issuers, with different ratings and offering different tenors.

On Tuesday, Deutsche Bahn returned to the sterling bond market for the first time in nearly four years. The state-owned German railway company printed a £300m eight year deal, achieving tighter pricing than it would have in euros.

On Tuesday, Gecina, the French property company, latched onto the latest trend for issuance in the multi-tranche European corporate bond. The triple tranche €1.5bn deal will be used to refinance part of the bridge facility used by Gecina to acquire Eurosic.

Lietuvos Energija UAB will begin marketing the first international corporate green bond from central and eastern Europe (CEE) on Thursday.

Daimler was the only company to issue a new bond in the European market on Monday, but it brought a huge, €4bn deal. And it maintained the recent trend for pushing out to longer maturities.

Amid a buzz of IPO activity in India, GTPL Hathway is in line to raise Rp4.8bn ($74.4m) after sealing its oversubscribed listing.

Qingdao Lidong Chemical Co, a unit of petroleum products company GS Aromatics, is seeking a $60m loan in general syndication.

Thailand’s PTT Exploration and Production is chasing a potential dollar deal, with an international roadshow beginning on Monday.

The final fortnight of June has been seen as the last busy window for new issuance before the summer. This week lived up to its billing with over €11bn-equivalent of new deals priced and syndicate desks see no reason for conditions to change next week.

International schools operator Nord Anglia has tightened pricing and accelerated the deadline on its $1.22bn-equivalent euro term loan, while up to six leveraged loans are due to close syndication at the end of the week.

Hong Kong property company Lai Sun Development Co is planning a return to the dollar debt market after a more than four year hiatus.

Samvardhana Motherson Automotive Systems Group is seeking €300m from a seven year bullet.