Citi

Ryanair, the Irish budget airline, landed a far more solid bond issue this week than shopping centre operator Unibail-Rodamco-Westfield (URW) had a day earlier, in an early indication of what the bond market might look like as the worst-hit sectors recover from the coronavirus pandemic.

Rating: Aaa/AAA

The World Bank failed to impress as it sold a five year dollar benchmark this week, with the issuer and leads attributing the lack of appetite to the tight reoffer leveland the unusual maturity.

Citi has picked global head of trade Ebru Pakcan to be its new head of EMEA emerging market coverage.

A pair of infrequent euro borrowers, Virgin Money and SBAB Bank, tapped the market for €500m no-grow bonds on Thursday, landing deals at significantly tighter spreads compared with their last euro outings.

Freeport Indonesia is inviting banks to join the senior syndication stage of its $750m borrowing.

World Bank received lukewarm demand as it sold a five year dollar benchmark on Tuesday, with the leads attributing the lack of appetite to the tight level of the deal versus mid-swaps.

Ryanair, the Irish budget airline, landed a far more solid bond issue on Tuesday than shopping centre operator Unibail-Rodamco-Westfield had a day earlier, as both companies try to recover in sectors ravaged by the coronavirus pandemic.

CDP Financial, one of Canada's largest public pension asset managers, joined three other public sector borrowers in the dollar market on Tuesday to sell its debut green bond.

Société Générale was looking to issue an additional tier one (AT1) in dollars on Tuesday, as European banks find room to place risky subordinated debt despite the trickier backdrop in financial markets.

Chinese issuers Redsun Properties Group and Shandong Hi-Speed Group Co have hit the offshore bond market, grabbing a brief issuance window ahead of a public holiday on Wednesday.

Europe’s high grade corporate bond investors had an array of novel trades to consider on Monday, with debutants and a rare antipodean issuer marketing euro transactions.