Deutsche Bank

South Korea’s Nonghyup Bank made a solid landing with its return to the dollar market on Monday, September 22. The $300m five year issue received strong support from Asian investors and priced slightly inside of the borrower’s outstanding 2018s.

Malaysia’s RHB Bank is looking to issue its first dollar bond since 2012. The borrower will be meeting investors this week for the proposed senior notes.

Corporates are increasingly feeling the appeal of the Chinese currency, but a lack of regulatory clarity and the need for technological investment has been a deterrent to widespread adoption. But in a new report, Deutsche Bank argues that the time to act is now.

The IPO market in India is coming back to life with state-owned Rashtriya Ispat Nigal Limited (RINL) filing for a listing worth roughly $500m — reviving the deal two years after it shelved its IPO plans.

Citycon, the Finnish retail property owner and developer, priced a €350m 10 year bond on Monday. It had planned to issue €300m but the issue was oversubscribed and the company was able to increase and still price at the tight end of guidance.

Monday was a soft day for equities and credit spreads, but BP had little if any hesitation in launching its second large euro bond of the year. The UK oil company’s deal was the eighth big dual tranche deal in euros since BMW set the fashion on August 26.

CNH Industrial, the US-Italian maker of agricultural and construction machinery and trucks, issued price guidance on Monday for a new euro seven year benchmark bond.

China’s Datang Telecom Technology & Industry has brought to market its debut international bond in the shape of a three year dim sum. Books were seen at Rmb2bn ($325m) on Monday afternoon.

Korea’s Nonghyup Bank returned to the dollar market on Monday, opening books for a Reg S/144A five year issue. The target size of the bond is believed to be $500m.

SAP has agreed to acquire Concur, the US travel and expenses software provider, for $8.3bn. To fund the deal, the German IT company has signed a €7bn credit facility and obtained its first credit rating.

A trio of SSA borrowers squeezed into a narrow window of issuance this week to enjoy exceptionally strong conditions in dollars. Origination bankers will be beating at the doors of any funding officials that still have work to do this year to persuade them to mandate for next week and take advantage.

After a summer of hand-wringing by investors over its high leverage, Bureau van Dijk has won out on its €845m loan, even managing to tighten the pricing on its euro tranche.