Credit Suisse

Latin American development bank Corporación Andina de Fomento increased the size of its first euro benchmark for three years as it gets closer to its aim of being considered an SSA, rather than EM, issuer. It will now try to take this strategy to dollars.

Danske Bank was the only financial institution to tap the euro senior market this week, issuing a four year floating rate note in an oversubscribed deal.

Mortar producer Parex Group will this week or next launch high yield bonds to back its takeover by CVC Capital Partners, lead bankers have told GlobalCapital.

National Australia Bank surprised the covered bond market on Wednesday mandating Barclays, Credit Suisse, Royal Bank of Scotland and itself for a benchmark euro seven year transaction, the fifth in that tenor this month. The announcement came against a volatile credit backdrop as peripheral sovereign bonds widened along with some unsecured bonds.

Hong Kong property developer Nan Fung International Holdings made a return to the dollar market on Thursday with a ten year bond. The investment grade issue has been met with strong demand, with the orderbook at over $2.5bn when bankers announced final guidance.

Textile manufacturer Shenzhou International Group Holdings had a strong debut in the equity-linked market this week, raising HK$3.9bn ($503m) via a five year non put three convertible bond that was multiple times oversubscribed.

Yanzhou Coal Mining (Yancoal) priced a perpetual non call two year hybrid on May 15 to bolster its balance sheet. As slowing economic growth in China fanned concerns about the prospects for the country’s coal industry, the issuer took a cautious approach to structuring and had to pay a hefty premium.

Banca Inbursa, the Mexican commercial bank owned by Carlos Slim’s family, will begin a roadshow on Friday ahead of a planned 144A/Reg S bond.

Latin American development bank Corporación Andina de Fomento increased the size of its first euro benchmark for three years as it gets closer to its aim of being considered an SSA, rather than EM, issuer.

Construction company Empresas ICA made the most of high demand for Mexican high yield paper to print a rare 10 non-call five trade from a LatAm single-B issuer, increasing the size of the deal in the process.

Danske Bank sold the first senior deal of the week on Wednesday afternoon, pricing a four year floating rate note. The issuer was able to sell an oversubscribed deal, despite investors generally expecting interest rates to remain low.

Banco General became the first Panamanian issuer to tap the Swiss franc market on Wednesday morning, selling a four year deal. Bankers away from the deal said that an investment grade credit rating and an attractive spread over swaps made the deal interesting for Swiss investors.