HSBC

Government-owned Chilean oil company Empresa Nacional de Petróleo (Enap) could make it four new issues in four business days for Chilean corporates on Monday after E-CL ensured LatAm bond markets ended the week on a high with its long-awaited new issue on Friday.

Chinese broker Citic Securities Company tapped the offshore market with a dollar bond on October 23 that was drawn from a $3bn MTN programme. Even though it coincided with a slew of other transactions, the issuer still managed to get a good result, pricing through its closest comparable.

Hanjin International priced what bankers said was the first public bond to be issued with a guarantee from the Export-Import Bank of Korea (Kexim).

Stockland, one of Australia’s largest property developers, on Thursday launched the first green bond from an Australian issuer. The €300m bond, rated A-, was sold into a European market that had recovered well from a bout of turbulence last week, and was fully placed with high quality investors. But it was no blowout.

The primary covered bond market picked up after a week without any issuance, just as the European Central Bank’s third covered bond purchase programme (CBPP3) got underway. All four deals issued this week were ineligible for the programme which, from a pricing perspective, made more a difference than their preferential treatment under newly established liquidity rules.

Stockland, one of Australia’s largest property developers, on Thursday launched the first green bond from an Australian issuer. The €300m bond, rated A-, was sold into a European market that had recovered well from a bout of turbulence last week and was fully placed with high quality investors. But it was no blowout.

UK business communications provider Daisy Group has split £265m of senior debt backing its buyout into two loan facilities and added a PIK loan.

The US high grade bond market may have shrugged off last week’s volatility this week, but Verizon Communications found investors in determined mood.

Germany’s Fresenius Medical Care launched a $900m high yield bond issue in the US market on Wednesday, via Wells Fargo, Citigroup, Deutsche Bank, Scotia Bank, HSBC and Suntrust Robinson Humphrey.

The healthy demand for Schaeffler’s three tranche bond issue on Tuesday October 21, €1.2bn-equivalent of senior secured payment-in-kind toggle notes, will help the German car parts company to cut the interest rate burden of its indebted holding company.

Lithuania printed its €1bn 12 year bond on Wednesday with 0bp-5bp new issue premium, according to a syndicate official on the trade, having built a book of €3.65bn for the bond.

Luxury goods retailer SSI Group has raised Ps6.5bn ($146m) by pricing its IPO at the top of the range, with the rarity value of Philippine deals leading to books being multiple times covered.