Citi

Spain brought a record breaking 15 year benchmark this week that may have helped drive other eurozone sovereign yields to all-time lows.

Ivory Coast paid a lower new issue premium than expected to re-open the sub-Saharan sovereign bond market this week, sparking debate on the implications for other African borrowers.

Lebanon sold its largest ever new money issue on Monday, printing an $800m 10 year and $1.4bn 15 year from combined books of $4.9bn.

Equity block trade bankers’ hearts may have leapt on reading Wednesday’s headline that AP Møller-Mærsk was planning to sell its 20.05% stake in Danske Bank, worth about €4.8bn at today’s share price.

LBBW and Westpac issued covered bonds in dollars this week, gaining superior funding to what could have been achieved in euros.

Svenska Cellulosa Aktiebolaget, the Swedish paper, pulp and consumer goods manufacturer, issued €600m of five and 10 year bonds on Thursday.

Cemex is on track to issue the first high yield corporate bond from Mexico this year and has returned to the market with a dual tranche euro and dollar offering.

Arion Banki, which last year suspended a planned return to the senior unsecured funding market after investor feedback during a roadshow failed to meet the bank’s expectations, has begun roadshowing again for what would be its first benchmark euro bond.

International Bank of Azerbaijan has printed a final size of $67.5m in euro commercial paper from its new $250m ECP programme, and released distribution statistics for the deal.

Bank of Tokyo Mitsubishi UFJ (BTMU) took advantage of a red hot US dollar bond market on February 25 to raise $3bn — more than had been expected — through a triple tranche offering.

Shree Shubham Logistics is planning an IPO this year in India to raise between $60m and $70m, with bankers saying the company’s sector of operation will play a big role in wooing investors.

Abengoa, the Spanish engineering, construction and concessions company, is making a fresh move to cut its debt by reducing its shareholding in Abengoa Yield from 51% to 40%.