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A chaotic start to the week for the euro corporate bond market saw one deal pulled on a combination of soured sentiment and aggressive pricing, causing issuers to engage in a balancing act before risk appetite returned in force at the end of the week.

The Asian Development Bank on Thursday sold the tightest priced SSA dollar benchmark of the year, as SNCF Réseau got off to a flying start with its first ever issue in the currency.

France's Total became the second European issuer of a corporate hybrid in two days, following EnBW’s successful deal on Wednesday.

Investors threw off the caution on Thursday that saw them hesitate over lower-rated investment grade corporate bond deals offering low spreads on earlier in the week.

Hong Kong conglomerate New World Development benefited from a market pick-up on Wednesday, with its strong household name helping it raise $1.2bn from a perpetual non-call five bond.

CK Hutchison raised $1.25bn and another €1bn ($1.12bn) on Wednesday, whetting investors’ appetite with a good marketing strategy and wise timing, according to bankers.

Construction equipment maker Doosan Bobcat and Netmarble Games are on track with their respective IPOs, with the former set to become the largest listing in South Korea since 2012.

South Africa has opened books on a dual tranche 2028 and 2046 dollar bond after a turbulent summer and while the generous starting price is likely to generate momentum in the book, fears of a downgrade overhang the transaction with one investor telling GlobalCapital he saw better value elsewhere.

A range of credits from India, Malaysia and Greater China stormed the Asian debt market on Thursday, vying for investor attention.

Hong Kong-headquartered conglomerate CK Hutchison Holdings is readying a global sweep of debt markets to raise refinancing funds, announcing on Wednesday morning that it intends to sell a euro-denominated eight year senior unsecured bond just hours after announcing a dollar trade in Hong Kong.

Steinhoff, the South African retail group, has completed a €2.45bn capital increase supported by one of South Africa’s richest men, Christoffel Wiese, and the Public Investment corp, of which €556m was raised through an accelerated bookbuild which ended up being nearly four times oversubscribed.

The euro corporate hybrid market reopened on Wednesday as Energie Baden-Wuerttemberg sold the second leg of its intended two currency deal, the first part of which was said by onlookers to have been subject to poor market conditions early in the week.