Deutsche Bank

Rentenbank sold more than double its minimum target with a long dated Kauri deal this week, highlighting diverse demand for bonds denominated in the currency. The European Investment Bank and KfW also seized on investor demand for long dated paper, selling 10 year Kangaroo taps, and syndicate bankers expect the deal flow to continue into next week.

Swiss private bank Julius Baer will hold roadshows for its second ever Swiss franc tier bond next week, building on a solid week of issuance in the currency from domestic financial institutions.

Nets — Stahl — Schaeffler — Excellia Group

Environmental sustainability consultancy ERM has increased the euro tranche of its $655m seven year first lien loan to €76m, part of a $950m package of covenant-lite debt.

London-based insurance company Aon and defunct French mortgage lender Caisse Centrale du Credit Immobilier de France (3CIF) took advantage of the recent undersupply in the FIG primary market to price senior deals this week. 3CIF tapped the short end of the maturity curve and Aon went long.

Schaeffler has set final tranche sizes for its $2bn-equivalent six year term loan 'E' and tightened the pricing for the dollar and euro pieces.

Environmental sustainability consultancy ERM has set an original issue discount of 99 on the $175m eight year second lien tranche of its $950m covenant-lite loan facility.

China’s Huawei Technologies is preparing to set foot in Europe with its $1bn revolver, marking the first time the company has opened syndication up to the European market. Asian lenders will miss out on the chance to lend to the credit, but bankers are applauding the move as it will help the borrower broaden its banking group, writes Rashmi Kumar.

Íslandsbanki sold its inaugural euro bond with a €100m private placement on Wednesday, in contrast to Arion Bank's suspension of its planned public benchmark euro deal last week.

Indomobil Finance Indonesia has returned to the market for a $100m three year facility, launched into syndication on Thursday, May 8. At the same time, fellow borrower Pelabuhan Indonesia II has also picked banks for its separate $1bn five year.

Dim sum issuance volumes are on the rise, with four issuers launching deals and another wrapping up a roadshow on Thursday.

Jingrui Holdings announced guidance on its debut dollar bond at 13.625% on May 7, the highest coupon on any dollar bond in Asia this year.