Deutsche Bank

Detroit car maker General Motors on Wednesday received orders totalling more than seven times its €500m bond as it dodged investor weariness with the glut of supply in the market.

High yield bonds enjoyed a healthy run of issuance on Wednesday as three issuers managed to price deals and further renew the market through the increased flow of double-B deals.

Slovenia is planning to tap its euro Reg S €1.25bn 2.125% 2025s and €1.5bn 2.25% 2032s to fund its dollar bond buy-back and has released price guidance for those notes.

Manulife US Reit is set to price its $470m Singapore IPO at the top of guidance, according to sources close to the deal.

Chinese auto rental company eHi Car Services, which made its debut in the international bond market late last year, has set its sights on a $150m syndicated loan.

Slovenia is planning to tap its euro Reg S 2.125% 2025s and 2.25% 2032s to fund its dollar bond buy-back.

Airbus’s defence electronics unit has launched a €425m term loan ‘B’ backing private equity firm KKR’s €1.1bn acquisition of the business.

BOC Aviation will launch bookbuilding for its $2bn Hong Kong IPO next Monday and is in the process of finalising the involvement of cornerstone investors, according to sources with knowledge of the situation.

Aeronautics and space company Airbus on Monday offered investors a €1.5bn two tranche bond in a market that is becoming ever more issuer-friendly.

Oil company Shell printed a €1.75bn bond on Monday as it joined another three issuers printing almost €6bn of bonds in the European corporate investment grade market.

Biopharmaceutical company AstraZeneca hit a frenzied corporate bond market on Monday with a €2.2bn three tranche bond that contributed to around €6bn of primary supply that day.

Double-B rated issuers WEPA Hygieneprodukte, Europe’s leading privately owned tissue manufacturer, and Barry Callebaut, the Swiss chocolate producer, both followed Volvo’s lead in launching bonds on Monday, helping to keep a stuttering primary market active.