HSBC

The euro senior market was off to a quick start on Monday, with Allied Irish Banks and Deutsche Bank opening the market with five and 10 year deals.

Costa Rica is working with supranationals on a new law to give it more flexibility to issue in international capital markets, funding official told GlobalCapital.

Pittsburgh-based glass and industrial coatings company PPG issued a €1.2bn dual tranche euro bond today, its first since 2005.

Noble Group, a supplier of commodities, was expected to send out term sheets to its relationship banks for a borrowing of $3bn on March 6.

Costa Rica paid a new issue premium of over 23bp for a 30 year bond on Thursday but bankers on and off the deal said it was not cheap by recent standards.

Euro covered bond issuers launched benchmarks this week and showed the unrelenting momentum in the compression of spreads has continued unabated.

Michigan-headquartered Whirlpool, which makes kitchen and bathroom appliances, issued a €500m five year bond on Thursday.

Emirates NBD has mandated six banks for a European roadshow starting next week, bringing hope that the bank will print a breakthrough euro trade.

Jaguar Land Rover, the UK premium car maker, has dipped for the second time in two weeks into a high yield market awash with demand, leading to lower funding costs.

Resorts World at Sentosa has opened a S$2.25bn ($1.648bn) financing into general syndication, with the same five banks leading the new loan as the ones that led its last one.

Axis Bank successfully returned to the dollar market with a $250m tap to its existing 3.25% 2020s. The deal saw such strong demand that the issuer was able to scale up the size while pricing it slightly tighter than the original deal.

Vestas Wind Systems, the unrated Danish wind turbine manufacturer, priced a €500m bond on Wednesday after being forced to revise its pricing and format aims.