Credit Suisse

Royal Bank of Canada and Commonwealth Bank of Australia took to the sterling market on Wednesday. CBA drew solid demand for a fixed rate deal in the belly of the curve, while RBC opted for an unusually long tenored floater.

Financials shrugged off a short week to print €4.5bn of senior euro debt in just two days, as issuers looked to hit the market ahead of next week’s ECB meeting. The promise of more attractive new issue premiums than in recent weeks helped to buoy the trades, with issuers showing growing willingness to pay up slightly to grab investors’ attention.

Eurofima returned to the Swiss franc market after a five year absence this week, hitting its size cap despite aggressive pricing. A lack of supply from other agencies helped drive demand for the deal.

Three banks are lined up to provide underwritten debt financing of $600m-$650m to back KKR’s S$1.399bn ($1.1bn) buyout of Singaporean packaging company Goodpack, in what is the private equity firm’s largest ever investment in southeast Asia. But with the deal expected to take Goodpack’s total debt to Ebitda ratio to as much as 6.5 times, bankers say any takeout will be best served by the US term loan B market, writes Rashmi Kumar.

Mexican commercial lender Banco Inbursa is likely to price a new 10 year benchmark senior unsecured bond on Thursday after releasing initial price thoughts offering around 25bp pick-up to its larger competitors BBVA Bancomer (A2/A-) and Santander Mexico (A3/BBB+/BBB+).

Logan Property Holdings printed its inaugural international issue, a five year non-call three dollar bond, on Tuesday. Dealers brought the high yield borrower to the market after seeing reduced headwinds to Chinese property.

Malaysian conglomerate Boustead Holdings started taking orders for the MR1.05bn ($327m) spin-off of its plantations business on May 27, with international investors being offered a mere 4.4% of the deal.

It has been slow going but Giant Interactive’s $850m five year leveraged buyout financing is gaining traction in general syndication, with commitments from three Taiwanese lenders, one of which has joined at the highest ticket level.

Commonwealth Bank of Australia and Royal Bank of Canada were both looking to sell sterling debt in the belly of the curve on Wednesday, the Australian issuer looking for fixed rate notes and the Canadian bank for floating rate paper. RBC is targeting an aggressive level compared to CBA, according to FIG syndicate managers.

Three banks are understood to be providing underwritten debt financing to the tune of $600m-$650m to back KKR’s S$1.39bn ($1.1bn) buyout of Singaporean packaging company Goodpack, in a deal which will mark the private equity firm’s largest ever investment in southeast Asia. The move has led leveraged bankers to speculate that PE firms are now looking at opportunities outside of China to buy assets.

Call options on the S&P 500 have plunged to their cheapest level in over 12 months, following consistent declines in volatility levels last week.

OC Oerlikon, the Swiss high tech manufacturing company, issued its second ever bond on Tuesday. Investors flocked to buy the five and 10 year paper, reaffirming the issuer’s credentials after a difficult period following the financial crisis.