BNP Paribas

Poland has released price guidance for its first international dollar bond since its tumultuous January euro print.

The only spot of new bond activity in the CEEMEA market so far in this week was Poland’s first dollar deal of the year, but there was plenty of loans market activity in the region to keep bankers occupied.

Four lenders are close to being mandated for a $400m fundraising for Maybank, according to sources.

Mongolian Mining Corp (MMC) has failed to pay banks instalments and interest related to loans it raised in 2014, according to a filing with the Hong Kong Stock Exchange.

The primary market for subordinated bank bonds came alive in March after a tumultuous start to the year. But as financial institutions head into the second quarter, market participants suggest the lid could be lifted on total loss absorbing capacity issuance plans in the next few months, writes Tyler Davies.

After a barren year of sterling bond issuance from international borrowers, a dry patch that some thought would last until the Brexit referendum in June, an Australian company finally broke the silence on Wednesday.

French industrial minerals producer Imerys brought two tranches of €300m sub benchmark notes to the European corporate bond market on Wednesday and clinched minimal concessions.

BNP Paribas took advantage of a lull in issuance this week to launch a heavily oversubscribed dollar additional tier one transaction, following in the footsteps of UBS, which reopened the market with a blowout last Monday.

Covered bond primary activity slowed this week with just two €500m seven year trades emerging from banks in the Netherlands and Italy.

Deutsche Post, the German courier, issued a €1.25bn dual tranche bond on Wednesday, winning a large order book as investors hurled money at the market.

World Bank tapped Italian retail investors for $165m this week, issuing a 10 year sustainable development bond.

BNP Paribas took advantage of a lull in issuance this week to launch a dollar additional tier one transaction, following in the footsteps of UBS, which reopened the market with a blowout last Monday.