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Asian primary bond market calmed down after a frantic Thursday, with only two issuers opening books

Lat Am new issue activity could hardly have had a better start to September as Minerva Foods raised $1bn of 10 year bonds at a flat to negative new issue concession. Strong flows into EM funds are creating conditions that are hugely attractive for borrowers.

A pair of issuers printed at the two maturity extremes of what is possible in euro benchmarks this week, as the European Central Bank's governing council on Thursday held back from any dramatic announcements that would have opened up a wider range of issuance possibilities.

The sterling market for public sector borrowers woke from its summer slumber with a bang this week, as a series of issuers approached the currency in a variety of ways and for different reasons.

The dollar market enjoyed another strong week with a group of issuers printing, but borrowers are looking ahead to a new wave of interest from bank treasuries in Asia — and some are reporting that the demand has already arrived.

Two of the most familiar names in the high yield borrower base on Wednesday launched a splash of payment-in-kind notes, a rare structure which has constituted only €570m of sales this year.

The European Investment Bank is set to bring only the second Canadian dollar deal from a non-Canadian SSA this year, selling a five year green bond at a level close to its dollar curve.

Olam International returned with a $150m tap of its existing notes this week, managing to find strong demand from fund managers despite ending up with only a modest order book.

SIG Combibloc, the Swiss packaging firm owned by Onex, launched its second repricing request on its leveraged buyout loans with a lender call scheduled for Thursday morning New York time, as replies were due on Armacell's own repricing.

Fixed income investors had plenty digest on Thursday with a total of seven Chinese issuers vying for attention. The majority are eyeing dollars but two names are venturing into offshore renminbi.

GlobalCapital announces the results of its first full scale, standalone set of Sustainable and Responsible Capital Markets Awards.

WPP, the UK advertising and public relations firm, came to the sterling bond market on Wednesday for a £400m 30 year issue that included a novel choice of bookrunner.