BNP Paribas

Emirates NBD on Wednesday became the third Middle Eastern issuer this year to take to the Kangaroo market, selling a five year bond. Despite a weaker rating than other Emirati banks seen in market, the deal found favour with Asian accounts as a result of an attractive spread.

RCI Banque, the finance arm of Renault, turned to the sterling bond market this week to finance its UK lending, and benefited from the absence of sterling issuance since April 11.

Dubai-based lender Emirates NBD is set to sell its debut Kangaroo bond on Wednesday, following two other Emirati issuers which sold Kangaroo deals in March.

Lenovo's lack of a rating is not putting investors off the new five year bond that it kicked off on Tuesday, although bankers reckon that the issuer will have to pay up a little. By late afternoon in Hong Kong, the Chinese computer giant had already amassed $2bn of orders for its five year bond, which is due to price overnight.

Bankers announced comps for Lenovo’s debut dollar bond on April 28 as they continue investor meetings in Singapore. The issuer has already received strong indications of interest and is guiding investors to a five year transaction.

Allocations are out for Indonesian company Adira Dinamika Multi Finance’s loan of $300m, which has increased by $100m after strong demand in syndication.

Alain Afflelou, the French optician chain, priced its €440m bond issue on Thursday April 17 – the second European high yield deal in three days to have the more aggressive 1.5 year initial non-call period.

Investors have been entering one-month-to-one-year down-and-out-puts and “appearing” put spread strategies with strike prices of 90% and 80% of spot on the S&P 500, in a bid to monetize the elevated skew levels on the index.

PepsiCo, the US soft drinks and snacks group, sold its first bond in a continental European currency for 18 years on Tuesday, with a seven and 12 year euro bond that was capped at €1bn.

Union Bank of India launched its latest bond into a busy market on Tuesday, pricing with a new issue concession to help allay investors' concerns after the heavy sell-off of State Bank of India’s recent bonds.

Woori Bank printed the first US dollar Basel III tier two bond from a South Korean issuer on Wednesday night. A big order book helped the borrower to tighten initial guidance by 30bp, the largest margin for an Asian issuer issuing a Basel III compliant security.

PepsiCo, the US soft drinks and snacks group, sold its first bond in a continental European currency for 18 years today, with a seven and 12 year euro bond that was capped at €1bn.