BNP Paribas

With rumours rife that two Russian borrowers are about to break the country’s silence and launch new bonds, the EM bond market is awash with Turkish borrowers looking to rush through deals while they have a clear run.

Ryanair’s first bond issue was always likely to be a hit in the current buoyant markets, but the runaway success of Tuesday’s €850m sale still left lead managers delighted.

General Electric is the world’s biggest bond issuer, and usually one of the US issuers that comes most frequently to European markets — partly to diversify its funding, and partly because it has European-based businesses to finance.

Standard Chartered’s two tranche offering of senior unsecured debt this week represented some of the cheapest funding the bank has raised since its inception in 1868, said Chris Danels, global head of capital management at the bank. It showed that despite the ever intensifying search for yield, investors are also still hungry to diversify into low beta paper.

Swiss vending machine operator Selecta priced €550m-equivalent of bonds on Thursday at 6.5%, the tight end of price talk.

French mortar producer Parex has changed the structure of its new bond offering to include only floating rate notes.

Spanish olive oil producer Deoleo scrapped the entire dollar tranche of its €600m loan last week but as the dust settles on the deal it has emerged that US, rather than European investors, played the pivotal role in this swing.

A bevy of SSA issuers was able to print dollar benchmarks at tight levels this week, crystallising strong performances seen since the start of the year.

This week's European corporate bond issuance continued to pick up the pace on Thursday, as four deals came to the mainstream euro and sterling markets, plus an Austrian retail-targeted issue for Novomatic, which makes gambling machines.

High profile euro deals from Asia are shining a light on opportunities for the region’s issuers in the European market. An evolving investor base, enormous supply/demand imbalances and conducive policies from the ECB all point to a rise in euro denominated deals, both out of Asia and globally, write Virginia Furness and Isabella Zhong.

Kookmin Bank will be meeting investors during the next two weeks for a proposed international bond.

GS Caltex returned to the dollar market on Wednesday with a five year bond that was priced inside the issuer’s existing curve on the back of strong investor appetite for Korean credits.