Citi

Time Warner is the latest of several investment grade US companies to have hired banks for a euro bond recently, despite the high cost of swapping euro bond proceeds into dollars.

Bank of Ireland paid a decent 3bp-4bp new issue premium for its seven year covered bond on Tuesday. Despite that, it was the issuer’s least subscribed deal since 2012.

Nederlandse Waterschapsbank, which raised $600m at the short end of the dollar curve on Thursday, is considering the currency for its next green effort.

Li Ka-shing’s Cheung Kong Property is scheduled to sign its reorganisation loan at a reduced size of HK$40bn ($5.16bn) with 28 lenders. The trade, which started out at HK$55bn, was heavily oversubscribed as 28 banks piled in with commitments of at least HK$5bn each.

India’s Bharat Petroleum Corp (BPCL) has made a successful return with a new 10 year trade. Although the Asian bond market was crowded with deals this week, the Indian oil and gas company managed to find a good window to raise $500m.

UK publisher Pearson has followed up its successful return to the euro bond market last year with a tightly priced 10 year, almost five times oversubscribed.

Solairedirect, the French solar power developer and asset manager cancelled its planned Paris IPO on Wednesday, having tried, but failed, to get enough investors on board until the very final day of bookbuild.

Portugal priced an oversubscribed dual tranche benchmark on Wednesday afternoon, executing the deal during a sell-off in Europe’s periphery.

Garanti Bankasi of Turkey has signed the mandate letter to refinance a $1.5bn loan and confirmed that both tranches will have 367 day tenors.

China National Offshore Oil Corp (CNOOC) executed a triple tranche offering on April 28, making it the second time a Chinese oil and gas firm has tapped the international bond market with a multi-tranche deal in two weeks. While CNOOC received less attention than rival Sinopec, it still managed to raise an impressive $3.8bn.

China Construction Bank Corp (CCB) has picked eight banks to work on what will be the first Basel III tier two deal from a Chinese bank in 2015.

Bank of India (BOI) demonstrated this week that absence really does make the heart grow fonder, getting a rousing reception for its return to the international bond market. A large oversubscription allowed the borrower to raise the upper end of its targeted size and shave 20bp off initial guidance.