HSBC

Council of Europe crowned a week of tightly priced deals from high quality issuers in dollars with the first benchmark to reach the five year point of the curve since the dollar market was engulfed in volatility in mid-October. Sweden kicked off proceedings with an oversubscribed three year that came at the deepest level through mid-swaps for a deal of that tenor all year.

Amdipharm Mercury, the UK generic pharmaceuticals company, has reduced the size of its £984m refinancing and recapitalisation loan and split the debt into amortising and bullet tranches.

Saudi Arabia’s National Commercial Bank on Sunday closed the offer period for its Sr22.5bn ($6bn) fixed price IPO, having attracted huge demand from its local retail market.

United Internet — Marine Harvest — Heathrow

The European Central Bank's covered bond purchase programme (CBPP3) turned relative value upside down this week, with a French deal pricing inside a similar Swedish offering, among a crop of four new issues.

Abengoa Yield, the contracted asset holding company controlled by Abengoa, the Spanish renewable energy company, has launched its first bond since it was listed on Nasdaq in June.

German internet services provider United Internet is marketing a €300m Schuldschein, which is understood to be already oversubscribed.

The New Zealand Debt Management Office extended its inflation linked bond curve with a 15 year issue on Wednesday.

The Socialist Republic of Vietnam is returning to the international market for first time in four years as it tries to swap investors out of its two existing dollar bonds via an accelerated switch offer.

A debut deal for Shandong Shipping Corporation (SDSC) on November 5 proved it is possible to get credit enhanced bonds away in spite of the poor reception some have received over the past few months.

China Construction Bank (CCB) priced what was only the second ever tier two bank capital transaction to be issued in offshore renminbi (CNH) this week. The November 5 trade proved to be a hit with investors, even though they had trouble finding comparables for it.

Forterra signs $512.7m loan — CNNC Niger entity seeks extension — Chinachem clubs seven for HK$5.225bn — CNOOC refiner seals $300m