Deutsche Bank

Korea National Oil Corp (KNOC) on Thursday tapped its 2019 bonds and added a new 10 year, bringing a total of $800m of new funding. And while there had been talk of the borrower following the Republic of Korea to the euro market, the pricing opportunity was not right.

Redco Properties Group, the Chinese residential property developer, is meeting fixed income investors this week. Should a deal follow, it will be the borrower's first ever bond.

The State of North-Rhine Westphalia showed that Swiss franc investors still have an appetite for high quality paper when it returned to the market after a three year absence this week. The paper sold well to a clutch of investors on the hunt for high grade paper, despite a punitive spread through mid-swaps.

One week after unveiling the identities of its partners, Alibaba is back in the spotlight once again with another step towards its jumbo IPO. The e-commerce giant has finally chosen the New York Stock Exchange as the home for its American Depositary Shares under the ticker symbol BABA.

China's Huawei Technologies has wrapped up syndication of its debut loan in the European market as commitments took the deal to a larger than targeted size of $1.6bn.

India’s ONGC Videsh is looking to make a return to the dollar market and possibly debut in euros after mandating five banks. The oil and gas company is among a growing number of Asian borrowers that are tapping the European investor base as accounts seek to diversify their portfolios.

Chilean state copper company Codelco priced its debut euro-denominated bond issue inside where it could have priced a dollar deal on Wednesday, according to a banker on the deal, as European corporate buyers jumped at the chance for some EM-flavoured yield.

Chilean state copper company Codelco became the latest in a run of EM issuers to debut in euros on Wednesday, taking advantage of strong demand for yield and a beneficial basis swap to price inside where it could have priced a dollar bond, according to a banker on the deal.

Iglo, the UK frozen foods producer and distributor, has adjusted tranche sizes for its €1.2bn refinancing loan and released price guidance for both the term loans and €500m of bonds.

Chilean copper company Codelco has set the final spread for the a 10 year euro issue at 93bp over mid-swaps, inside the 95bp-100bp range indicated earlier on Wednesday. The deal’s size is indicated at around €500m, but has not been set, said a syndicate official.

Dexia Crédit Local hit the market on Wednesday with a three year senior bond guaranteed by Belgium, France and Luxembourg, following on the heels of Caisse Centrale du Crédit Immobilier de France’s successful €1bn GG senior on Tuesday.

Garanti Bank sold a €500m five year bond on Tuesday in line with initial price thoughts — an unusual event in CEEMEA where pricing is typically tightened. But a syndicate official on the note said he was pleased with the result, and one away from the deal said Garanti’s generosity may have been necessary after a string of Turkish bank deals in the last month.