Citi

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.

The European Investment Bank printed a three year dollar benchmark on Wednesday, joining other issuers this week in staying at the short end of the curve.

Primary issuance of euro corporate bonds is catching up fast with the €134bn issued in the first half of 2015 .

Uncertainty regarding the outcome of the US Federal Open Market Committee’s (FOMC) meeting in June drove public sector borrowers to target the short end of the dollar curve this week, said bankers.

Chinese names are continuing their resurgence with State Grid Corp of China returning for a dollar/euro combo while China International Capital Corp (Hong Kong) has opened books for its debut offshore appearance.

Spain has nipped in ahead of its eurozone periphery peer Italy, mandating banks for a debut 50 year euro benchmark on the same day that the Community of Madrid had a strong showing at the short end and Greek yields rallied across the curve.

UK deep-sea container port London Gateway has sold a £580m private placement and is increasing the deal to £650m.

Public sector issuers are printing at the short end of the dollar curve, a tactic they are likely to stick to in the build-up to the next US Federal Reserve rate decision on June 15, said bankers.