Deutsche Bank

The Inter-American Development Bank is looking to tap its 4.25% June 2026 Australian dollar bonds, despite the remaining maturity falling short of where most long end Kangaroo demand resides.

The European high yield bond market welcomed a bursting deal pipeline this week, leaving behind last week’s sabre rattling between investors and issuers.

A loan of around $400m for Indian data analytics firm Mu Sigma is open for retail participation after a successful senior phase when seven lenders joined the deal.

Modern Land (China) Co grabbed $130m from its green bond on Thursday, but the pricing of the notes did not move throughout bookbuilding as investors were less than impressed with the high yield credit.

Chinese company Avic International Leasing has increased the size of its latest syndicated loan to $200m from $150m.

Guarantor: Federal Republic of Germany

French property company Gecina latched on to the latest trend for issuance in the multi-tranche European corporate bond on Tuesday, with a short dated floating rate tranche following other issuers to have done the same recently.

On Wednesday, Heathrow returned to the euro bond market for the first time in over two years, with rates volatility providing a turbulent backdrop for the deal.

Dollar borrowers wrapped up their funding projects before the July 4 holiday weekend and dodged a global sell-off as central bankers pointed to the end of monetary stimulus.

Citigroup has hired its third senior banker in a week with the appointment of the former co-head of Deutsche Bank’s European corporate finance business.

Daimler had the new issue corporate bond space to itself on Monday, but the deal it achieved was still a spectacular result for many reasons. Pushing out to new, longer maturities for the volume of bonds sold was an excellent outcome for one of the more frequent corporate issuers, and could support a more permanent long dated market in euros, writes Nigel Owen.

The Loan Market Association has appointed four new board directors following its annual general meeting on Wednesday.