Deutsche Bank

Energie Baden-Württemberg launched a very successful hybrid capital issue on Tuesday, raising €1bn to bolster the subordinated layer of its capital structure at blisteringly tight pricing, thanks to perfect timing after a drought of issuance.

Ceva Logistics, the Dutch freight business owned by Apollo Management, wants to refinance its debt with new bonds and loans.

The high yield bond flurry by Spanish issuers carried on this week, with strong issues from two debut borrowers. Solid demand allowed Grupo Isolux Corsan to increase its bond by €200m, while Grupo Antolin-Irausa accelerated its deal by a day.

Deutsche Bahn, the German state railway company, launched its first euro bond of the year on Monday, into an empty but slightly weakening market — often considered ideal conditions for this ultra-safe credit. It was rewarded with strong demand, especially from Asia.

Virgin Media, the UK cable TV, mobile and fixed line telephone and internet group, has announced its first bond issue since the financing for its takeover by US cable investment group Liberty Global in February 2013.

The tier two market sprung back to life this week, with veteran credit BNP Paribas pulling in as big an order book as the market has come to expect. But at the other end of the spectrum, German real estate lender Aareal Bank pulled in a smaller but equally impressive amount of orders for its debut tier two benchmark, with international investors piling in on top of the issuer’s domestic fan base.

Indian telecoms company Bharti Airtel sold its debut Swiss franc deal on Thursday morning, a six year note. Strong demand allowed the issuer to sell the largest ever Swiss franc deal from the country.

A group of 15 banks are tipped to win the mandate for the new loan for agricultural products supplier Olam International, which is expected to be launched at a size of $1.2bn.

Maoye International Holdings, a Chinese investment company with interests in retail and property, is looking to make its debut in the offshore renminbi market.

Indian travel website MakeMyTrip is marketing a follow-on deal worth up to $115m this week, comprising both primary and secondary shares, with a view to pricing the trade by Friday.

Hindustan Petroleum Corp (HPCL) opened up its $500m three year into general syndication last Friday evening, with bankers away from the deal already keen to lap up the transaction thanks to the juicy margin on offer.

Franshion Properties made a successful return to the market this week with a $500m five year bond, and the firm is also lining up a spin-off of some of its assets on the Hong Kong exchange.