Deutsche Bank

J Sainsbury, the unrated UK supermarket chain, on Thursday became the first issuer to join the corporate bond pipeline in three weeks, announcing a roadshow for a possible hybrid capital deal.

After a month of speculation, Verallia, the French glass bottle maker, has come to market, setting a Friday bank meeting for €1bn of leveraged loans to back its buyout by Apollo Global Management.

The return of one of China’s big four banks next week has put the market in a state of eager anticipation, with Bank of Communications (BoCom) set to go on the road for an additional tier one (AT1) preference share offering that could be as large as $2.46bn.

Xinjiang Goldwind Science & Technology went live this week with what will be China’s first green bond. The trailblazer drew plenty of attention, with more deals expected both on and offshore once the country’s green bond regulations are finalised later this year.

China Minsheng Investment (CMI) went live on July 16 with its debut dollar bond, while China Minmetals Corp has appointed banks for a dollar bond.

Deutsche Pfandbriefbank, nationalised during the financial crisis, has priced its IPO on Wednesday evening, at the bottom of the range, giving it a market capitalisation of €1.45bn.

An unwelcome slump in deal activity comes just as banks are getting back on the front foot, writes David Rothnie.

Russian iron ore producer Metalloinvest has signed a $750m pre-export finance facility, becoming the first Russian corporate borrower to follow Uralkali into the international syndicated loan market this year.

SoftBank Group on Wednesday began roadshowing for euro and dollar bonds, even though the European high yield market has been at a standstill for two weeks while Greece negotiated its third bailout.

Zambia has picked banks for a dollar bond and finishes a roadshow next week. Stabilising copper prices have raised some analysts' outlooks on Zambia's existing Eurobonds, although those notes dropped in the secondary following announcement of a new trade.

The future of Greece as a eurozone country was hanging in the balance on Wednesday — all but shutting down the euro benchmark market for public sector borrowers.

Asia’s primary debt capital market was crowded on July 14 as opportunistic issuers rushed out to take advantage of a favourable, but perhaps short, issuance window. Korea Gas Corp (KoGas) was among the throng.