BNP Paribas

Credit Suisse drew in €3.3bn of demand for its €1.75bn five year deal, the biggest of 2014 as generous pricing and name recognition spurred demand. By contrast, La Caisse Centrale Desjardins du Quebec pulled in a relatively anaemic book €1.2bn for its inaugural legislative €1bn five year deal.

The appeal of long-dated debt is on the rise in Swiss francs, with a return to the market from New Zealand's Auckland Council this week drawing strong demand as a result of its 12 year maturity. The issuer was able to easily reach its size cap at a tightened price.

Premier Foods priced the high yield bond component of its recapitalisation package at the tight end of guidance on Thursday, while increasing the deal from 475m to 500m pounds.

While much of the CEEMEA market is focused on how the Ukraine crisis is affecting secondary spreads, debt bankers are warning that the real threat to bond supply this year will come from slow growth, not short term spread volatility. Anaemic economic growth across key emerging markets jurisdictions has far graver implications for CEEMEA issuance, and could prompt investment banks to rethink their strategies towards the asset class.

Adira Dinamika Multi Finance launched its $200m facility to the market last Friday, pricing the deal at 175bp over dollar Libor — and managing to save 5bp over its previous loan.

Bank of Tokyo-Mitsubishi UFJ slotted a fifth tranche into its blow-out $4bn bond on Tuesday, adding a 30 year bond after US investors showed strong appetite for the longer tenor.

China’s Haichang Holdings started receiving bids for its HK$2.68bn ($346m) Hong Kong IPO on February 28 as investors were offered the opportunity to invest in what would be the first Asian theme park to list.

The high yield market is repricing — and despite one of the most alarming episodes in post-Cold War history, it is repricing tighter.

Premier Foods, which is bringing a £475m high yield bond this week as part of a wider recapitalisation that also includes a £353m equity issue, accelerated the deal today and now plans to price it on Thursday, originally intended to be the middle day of its roadshow.

The high yield market is repricing – and despite one of the most alarming episodes in post-Cold War history, it is repricing tighter.

Investors have put in nearly €45bn of orders across three new additional tier one deals, in a week that has seen numerous records in the asset class broken. The activity was variously described by bankers as a “bonanza” with “no end in sight” for demand, causing both excitement and a tinge of bewilderment among market pros.

BNP Paribas is the latest bank to respond to the growing interesting in climate themed bonds by appointing Stefanie Sfakianos as head of sustainable capital markets for fixed income. A member of Sfakianos’s liability management team will replace her as head of that business.