Citi

German businesses Schaeffler and Covestro successfully completed their initial public offerings this week after having scaled back on their targeted deal sizes.

Banks are grasping at private opportunities throughout their capital curves in search of a safe and affordable source of funding, as a volatile public market proves too rich for bank treasurers' blood and funding costs. Jonathan Breen reports.

Electricité de France this week delivered a lesson in execution and timing as it hoovered up pent up demand for paper as corporate America skulked in earnings blackout amid perkier market conditions.

The European Investment Bank brought a benchmark that public sector bankers hope can bring some stabilisation to the dollar market, as another supranational eyed up a potential new source of demand.

Royal Bank of Canada issued the first dollar denominated Canadian deal in three months at the widest spread this year, while Münchener Hypothekenbank supplied the only euro deal of the week.

Italy blew the doors off the market with the first eurozone periphery sovereign benchmark in a month. And with extra explosives from the European Central Bank, it may have blown a hole big enough for its peers to pile through, writes Craig McGlashan.

It was just like the good old days in emerging market bonds this week despite the IMF's best attempts to spread doom and gloom. Riding the crest of a wave of supply though were the first Russian corporate deals longer than a year since 2013 — and how investors dived in. Francesca Young reports.

Schaeffler successfully priced its Frankfurt IPO on Thursday. But the final size of the deal left the owners of the German ball bearing maker with far more shares than they had originally hoped.

World Bank broke new ground on Wednesday with the issue of the first bonds designed to reduce greenhouse gas emissions by providing guaranteed carbon credit prices to project managers.

Japan Post sets sail with IPOs — Datang Environment files in HK — Banpu Power eyes Thai float — Larsen & Toubro seeks $300m listing

Turkish mobile phone operator Turkcell sold its $500m 10 year bond at a yield of 5.95% on Wednesday, having responded to investor requests to limit size and in doing so securing a tight price for the issuer.

A eurozone periphery sovereign drew a hefty book for an inflation linked benchmark on Wednesday, paving the way for other countries from the region to bring deals, according to SSA bankers.