BNP Paribas

Spain has nipped in ahead of its eurozone periphery peer Italy, mandating banks for a debut 50 year euro benchmark on the same day that the Community of Madrid had a strong showing at the short end and Greek yields rallied across the curve.

Public sector issuers are printing at the short end of the dollar curve, a tactic they are likely to stick to in the build-up to the next US Federal Reserve rate decision on June 15, said bankers.

CNH Industrial, the Netherlands based agricultural equipment manufacturer, issued €500m of seven year notes on Tuesday, continuing the corporate bond market's run of double-B issuance as single B deal flow also begins to pick up.

Mubadala Development Company demonstrated just how much hunger exists for Abu Dhabi credit on Monday, printing its $500m 2.75% 2023s from a book of $5.1bn.

Loans for financial institutions continue to flourish in general syndication, with deals for State Bank of India and Malaysia's Maybank progressing smoothly.

Aeronautics and space company Airbus on Monday offered investors a €1.5bn two tranche bond in a market that is becoming ever more issuer-friendly.

Oil company Shell printed a €1.75bn bond on Monday as it joined another three issuers printing almost €6bn of bonds in the European corporate investment grade market.

Biopharmaceutical company AstraZeneca hit a frenzied corporate bond market on Monday with a €2.2bn three tranche bond that contributed to around €6bn of primary supply that day.

BNP Paribas could let go of up to 40 people in its Asia cash equities unit, affecting about 20% of the division's workforce in the region, as it seeks a buffer against the continued soft patch in the market.

Barclays and BNP Paribas became the first European banks to tap the Yankee market for subordinated paper for almost a month this week.

Orange returned to the European benchmark bond market on Tuesday after a two year hiatus, as it issued a €750m nine year transaction that benefited from the company's infrequent issuance.

Inovyn, the UK-headquartered PVC producer 50% owned by Ineos, and Telenet, the Belgium broadband services provider owned by Liberty Global, both had replies due on Thursday for loan packages.