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Finnvera matched its record dollar syndication size with its longest ever deal in the currency on Thursday, but some bankers away from the trade felt it should have been more conservative.

French car rental company Europcar, which last week filed for an IPO, received on Wednesday strong demand for its €475m refinancing offer.

Hong Kong has taken another step in its bid to become a regional Islamic financing hub, pricing a new $1bn sukuk this week. But rather than repeat the common ijara structure that it adopted in 2014, this time around the government chose an asset-light wakala format to set a new benchmark for its private sector, writes Rev Hui.

RCI Banque, the finance arm of Renault, raised €750m with a seven year bond on Wednesday. While some away from the deal thought the size was ambitious, the bond traded well in secondary.

The Republic of Korea has mandated two banks for a credit update with bond investors in London next week.

CMA CGM, the French container shipping company, is offering $800m-equivalent of senior unsecured notes to refinance some of its old bonds, after being upgraded by Moody’s to B1.

UK-based insurer Aviva looked to reopen the tier two market on Thursday with a long dual tranche trade, while some senior projects were said to be held as the market widened.

The Philippines’ largest bank — BDO Unibank — is in the market to raise $350m in a deal led by half a dozen mandated lead arrangers and bookrunners. The bank is the latest among a string of financial institutions out of the country to go offshore for dollars. Bankers expect more activity of this kind, as Philippine lenders look to fund their fast growing economy.

Chinese department store operator Golden Eagle International Trading is likely to increase the size of its latest borrowing for a second time to $700m. General syndication, which was launched in early April, coincided with a rating downgrade of parent Golden Eagle Retail Group by Fitch, but an attractive yield amid fewer deals helped see the financing through, said bankers.

The continuing saga of Kaisa Group Holdings reared its ugly head once again this week when Sunac China Holdings announced it had terminated the acquisition of a stake in the troubled property developer. But that had little impact on the primary pipeline, with two high yield real estate companies raising a combined $600m.

The Democratic Socialist Republic of Sri Lanka is set to return to the offshore debt market on May 28, while China National Bluestar and Global Logistics Properties (GLP) are also marketing their maiden dollar bonds to investors.

RCI Banque, the finance arm of Renault, raised €750m with a seven year bond on Wednesday. While some away from the deal thought the size was ambitious, the bond traded well in secondary.