Citi

While European Central Bank president Mario Draghi kept firmly to his course of accommodative monetary policy at Thursday’s press conference, the euro strengthened further against the dollar, dragging Bund yields up with it. Lewis McLellan reports.

US high-grade corporates began to emerge from earnings blackout but few are predicting the usual flood of bond issuance as fears over rising inflation and the impact of tax reform could keep borrowers on the sidelines.

United Company Rusal has released price guidance for its Reg S/144A five year benchmark bond.

The Republic of Indonesia is meeting investors around the world to market what will be Asia's first sovereign green debt sale.

French video game publisher Ubisoft Entertainment sold its first corporate bond on Thursday following a roadshow earlier in the week. The meetings in Paris, London and Germany helped the publisher of games including Assassin’s Creed and Just Dance build a whole new following.

South Korea’s Hankook Tire Co grabbed $300m on the back of an impressive $2.3bn book on Wednesday in its debut international bond outing.

A $310m two-part borrowing to support Malaysian surgical glove maker Top Glove Corp’s acquisition of Aspion has received two commitments.

Former Citi credit trader James Duffy will be joining HSBC in London to trade financials single name credit default swaps.

United Company Rusal has added an extra bank to its bond mandate ahead of pricing for the Reg S/144A dollar deal, which is expected on Thursday.

Chinese data centre operator GDS Holdings has opened a follow-on placement of its American Depository Shares (ADS), eyeing around $200m.

Public sector borrowers wrapped up a trio of short end dollar trades on Tuesday, with the tightest issuer able to grind in pricing to the lowest level from an SSA this year and the higher yielding names finding ample demand despite ending up at similar spreads. SSA bankers are confident that the strong conditions will also ring true at the long end for KfW, which has mandated for its first 10 year dollar benchmark in nearly three years.

The European Financial Stability Facility (EFSF) has announced a dual tranche for its second trip to market for the year. The trade will come on the heels of a €1.4bn Agence Française de Développement (AFD) 10 year, which managed to cut 4bp from its spread between guidance and launch.