Crédit Agricole

Brazilian pulp producer Fibria Celulose has offered to buy back its 6.75% senior unsecured notes due 2021 as it plans a new international bond of up to $500m.

Brazilian pulp producer Fibria Celulose (Ba1/BB+/BBB-) will be next to test appetite for lower-rated LatAm credits as it plans a 10 year deal of up to $500m. Bankers are confident that demand for LatAm debt remains strong across the ratings spectrum, with the latest high yield deal from the region – for woodboard firm Masisa – performing strongly in secondary.

Investors scrambled for Dexia Crédit Local’s short dated floating rate notes this week amid a lack of bank supply. Several Nordic banks have yet to post levels after coming out of blackout over the past week, and those that have are posting too aggressively to find demand, said bankers.

Finnish oil refiner Neste Oil has signed a €1.5bn-equivalent refinancing facility with 20 relationship banks.

SingTel signed loans worth a chunky S$3.5bn ($2.8bn) via two separate facilities this week, with a large number of banks piling in.

Majid Al Futtaim and Abu Dhabi National Energy Company (Taqa) have continued the theme of United Arab Emirates borrowers issuing longer term paper, with both firms looking to price 10 year bonds on Tuesday.

Korea Land & Housing Corp opted for an innovative 3.25 year tenor for its new bond in a bid to offer investors a pick-up over recent three year paper from Korean SOEs and to stand out in a month that has seen record levels of issuance.

Korea Land & Housing is the latest Korean issuer to tap the international markets, launching guidance on a new bond on Monday morning.

SingTel signed loans worth a chunky S$3.5bn ($2.8bn) via two separate facilities this week, in deals that saw a large number of banks piling in.

Only two weeks after successfully printing its inaugural government guaranteed senior unsecured bond, Caisse Centrale du Crédit Immobilier de France (3CIF) is looking to go another round.

Alain Afflelou, the French optician chain, priced its €440m bond issue on Thursday April 17 – the second European high yield deal in three days to have the more aggressive 1.5 year initial non-call period.

Bank Nederlandse Gemeenten is considering selling more private placements in Japanese yen this year after selling its longest ever note in the currency on Wednesday. The borrower won’t be short of demand for longer dated notes as Japanese investors are looking beyond their home market, according to MTN bankers.