HSBC

Searing investor demand for yield has set the stage for a widely expected second visit of the year to the bond market by Greece in the wake of a series of spread busting, oversubscribed deals and auctions for sovereigns and regions in the eurozone periphery this week.

Brazilian development bank Caixa Econômica Federal is set to return to the bond market with Basel III compliant subordinated tier two trade after mandating banks for a roadshow set to start on Wednesday.

Ferrovial, the Spanish company that calls itself the world’s leading private investor in transport infrastructure, issued a €300m 10 year bond on Tuesday, in a tough market.

Scentre, the new Australian listed property company that holds the Westfield Group’s Australian and New Zealand shopping centres, issued its first bonds today, and turned to the European market. Despite a weak day, it exceeded its target of €2bn, finding strong demand for a rare four tranche issue in euros and sterling.

India’s Bank of Baroda has reopened its 4.875% 2019s to take advantage of cheaper funding opportunities as Indian credits spreads continue to tighten. The deal came just two days before newly elected prime minister Narendra Modi was due to reveal his maiden budget.

Zurich Insurance opted to cast a wide net to catch as many investors as possible with its first senior Swiss franc print of 2014 on Tuesday, offering three tranches to sell a combined total of Sfr600m ($670.8m) of fixed and floating rate notes.

Following its successful $2.1bn flotation last week — the biggest European intial public offering this year — NN Group is set to sell a subordinated perpetual non-call 12 year debt that will rank pari passu with the 4.625% €1bn 30 year non-call 10 transaction that the insurance company sold in April.

Six banks have been mandated for Indian company Rural Electrification Corp’s latest fundraising, which was originally touted as a $100m deal but is now set to increase.

Bank of China (BoC) has opened books for its Paris debut of renminbi-denominated bonds. BoC’s Paris branch will be the issuer and the two and five year dual-tranche deal has been indicated at 3.6% area and 4.0% area, respectively.

Carrefour, the French supermarket group, launched its first bond issue on Monday for over a year. Despite markets being weaker than last week, the deal attracted a much bigger book than any of last week’s issues.

Hong Kong could head a flurry of sukuk deals to come to market after the summer lull, with the territory said to be looking to issue a five year debut in September — although it may press for as early as August.

Dutch insurer NN Group is likely to hit the subordinated debt market later this week with a euro deal, its second of the year, mandating banks on Monday for an investor call. The investor update follows the issuer’s listing on the Amsterdam stock exchange last week.