Citi

Eustream has released price guidance for a €500m no-grow 10 year bond at 220bp area over mid-swaps. The deal is expected to be priced later on Thursday.

National Bank of Abu Dhabi printed its $750m five year bond on Wednesday from a book of $1.8bn, having been successful in attracting emerging market and investment grade accounts despite tight pricing flat to the curve.

Philippine consumer food and beverage company Universal Robina Corp’s NZ$742m ($537.57m) loan has been allocated, with 10 banks joining the syndication. The loan, which is for the company’s acquisition of New Zealand’s Griffin's Foods, received a good response thanks to the lack of top tier offshore deals out of the Philippines.

Reliance Industries tapped the dollar bond market for the second time in two weeks, raising $750m from a 30 year bond on February 3. Even though it was not by design, having the deal come at a later stage proved to be a masterstroke as Reliance was able to achieve some top notch pricing.

The Chung family is making its second attempt at offloading some of its shares in South Korean conglomerate Hyundai Glovis, launching a block trade of up to W1.17tr ($1bn) on the afternoon of February 5. The deal comes only a few weeks after a similar transaction was pulled from the market, having failed to appeal to investors.

The Export-Import Bank of India (India Exim) launched a 5.5 year US dollar offering on February 4. The quasi-sovereign credit attracted such strong demand from investors that the regular issuer barely paid new issue premium despite a competitive backdrop.

Argentine oil and gas company YPF provided the Latin American bond market with its toughest test of 2015 on Wednesday. Although the state owned company did not raise as much money as initially hoped, the deal at least showed investors were willing to lend more money to Argentina ahead of the City of Buenos Aires’ imminent visit to international bond investors.

Peruvian conglomerate Intercorp attracted $1.8bn of demand for a $250m 10 year bond on Wednesday to show Latin America’s corporates that there is plenty of pent-up demand among investors despite market volatility.

The rally in government bonds since the European Central Bank announced its sovereign quantitative easing programme at the end of January has restored relative value in core European covered bonds. Though yields remain low, BPCE and Belfius Bank this week issued benchmark deals that enjoyed exceptionally good demand that was boosted by the return of real money rates investors to covered bonds.

Wizz Air, the Hungarian budget airline, has announced its intention to float in London, seven months after its previous, failed IPO.

Australian energy company AusNet Services has mandated four banks for its third euro bond.

Danube Foods Group, the Serbian packaged foods conglomerate, is raising a €300m loan to back its buyout by Mid Europa Partners.