Citi

Rating: Baa2/BBB+/BBB+

Rating: Aaa/AAA/AAA

Dollar issuance is clustering at the short end of the curve as bankers fear the threat of a rate increase at the Federal Open Market Committee’s (FOMC) meeting on June 14-15.

Aa3/A+ rated Total broke nearly six months of silence in the corporate hybrid bond market on Wednesday with a €1.75bn deal that emphatically proved the depth of investors' demand for the product.

Investors in the IPO of Moneta Money Bank — the biggest in Emea so far this year — have made nearly a 10% return on their money, after the shares traded up for the fifth successive day on Thursday, despite a fall in profits.

US biopharmaceutical firm Johnson & Johnson on Wednesday issued a four tranche bond, including 19 year notes, amid much competition in a market that absorbed 17 deals this week.

Turkiye Sinai Kalkinma Bankasi (TSKB) has tightened price guidance for the first ever green bond from CEEMEA and demand seems strong enough that it could even be printed inside the development bank’s senior conventional curve.

China International Capital Corp sealed a highly popular $500m debut bond on Wednesday, ending up eight times covered, despite pricing inside the curve of closest rival Citic Securities.

Tissue paper maker Youyuan International is tapping the loan market for a $120m 3.5 year facility, marking its return after a gap of two years.

BOC Aviation is set to raise at least HK$8.7bn ($1.1bn) from its Hong Kong IPO, as it looks to kick off bookbuilding next Monday with a fixed price.

Bondholders of Panamá City airport’s recently issued senior secured bonds had a nasty surprise on Wednesday when it cancelled the settlement of the notes after a money laundering scandal involving a concessionaire that represents 7% of the airport’s income. The hiccup is likely to be costly for the issuer should it choose to return to markets.

Spain showed that a 50 year euro benchmark is not just the preserve of core eurozone sovereign issuers on Wednesday and had plenty of leftover demand to suggest that Italy could follow with a half century bond of its own.