Crédit Agricole

Woori Bank printed the first US dollar Basel III tier two bond from a South Korean issuer on Wednesday night. A big order book helped the borrower to tighten initial guidance by 30bp, the largest margin for an Asian issuer issuing a Basel III compliant security.

Woori Bank opened the books for the first dollar denominated Basel III deal from a South Korean bank on Wednesday morning with a 10 year bullet tier two bond.

Woori Bank is set to continue the rush of Basel III compliant tier two paper having mandated banks for a transaction which is expected to launch Wednesday.

In yet another sign of the European high yield market's bullishness, SGD Group, the French glass packaging company and a debut issuer, has priced a fixed rate bond with an unconventionally short non-call period, increased the deal and sold it inside price guidance. And SGD is not alone — Alain Afflelou, a French optician chain, is following the short call example.

A jumbo green bond bond from Region Ile-de-France this week could signal a new drive by French regional governments into the growing market for socially responsible debt, writes Nathan Collins.

CGG sold its first high yield bond in euros on Wednesday. The French geosciences business, formerly CGGVeritas, increased its deal from €360m to €400m and priced it inside guidance with a 5.875% coupon.

Société Générale returned to the covered bond market on Tuesday after a four month absence to issue the sixth French covered bond deal of the year and the third from France with a 10 year maturity. By limiting the deal size, leads were able to price flat to its curve, and with barely any premium to the French government.

Crédit Agricole sold its second Swiss franc deal of the month on Wednesday, a 10 year print. The final deal was more than double the issuer's target size, with bankers predicting success for other deals with long tenors.

Crédit Agricole sold its second Swiss franc deal of the month on Wednesday, targeting the long end of the curve. The final deal was over double the issuer's target size, with bankers away from the deal pointing to an attractive premium over its outstanding debt.

Icade, the French listed property company partly owned by Caisse des Depots et Consignations, returned to the bond market on Wednesday with a €500m no-grow seven year bond that was five times oversubscribed.

Six bank and finance names raised $14.5bn in the space of three days, boasting bulging order books and minimal new issue concessions as investors scrambled for extra yield.

FGA Capital, the car finance company jointly owned by Fiat and Crédit Agricole, sold another blowout bond on Wednesday, after a run of highly sought-after deals.