Deutsche Bank

Sovereign, supranational and agency bankers are braced for a busy week of issuance, as demand for paper soars in the wake of the European Central Bank’s unveiling of a series of measures which have butchered rates last Thursday.

Korean issuance is picking up in the wake of the Republic of Korea’s dual tranche offering on June 3. Latest out the blocks include Korea National Oil Corp. which is meeting investors for a euro-denominated bond, and Korea Gas Corp, which is looking at dollars.

Hainan Airlines is continuing the recent run of taps with a reopening of its 6.25% 2017s on the back of reverse enquiry.

Sixt, the German car rental company, is set to return to the bond market tomorrow for a €200m to €250m issue, building on the success of its €250m deal in May 2012.

Ryanair’s first bond issue was always likely to be a hit in the current buoyant markets, but the runaway success of today’s €850m sale still left lead managers delighted.

Seadrill, the UK offshore deepwater drilling company, is increasing an existing $1.8bn term loan 'B', signed in February, by $1bn.

Toronto Dominion Bank and Standard Chartered both took to the short end of the curve with floating rate deals on Tuesday pulling off trades despite heavy demand for longer dated bonds and riskier credits following the announcement of the European Central Bank’s rate cuts last week.

Russian steel firm Evraz has priced its $700m loan at a margin of 350bp over Libor, drawing praise from lenders working on the deal.

Irish airline Ryanair’s first bond issue is likely to be launched on Tuesday, amid widespread interest in how the deal will be priced.

Suez Environnement, the French water and waste management group, is aiming to issue a new hybrid capital bond to refinance its €750m hybrid from 2010, which becomes callable in September 2015.

Dalian based real estate developer Yida Property is set to start the premarketing process for a $250m IPO on June 10, according to a banker close to the transaction.

Indian Oil launched its $650m five year loan into syndication on Friday after adding five mandated lead arrangers and bookrunners to the existing nine.