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Sovereign issuers should take heart from the scale of demand for Canada’s tightly priced return to the dollar market, say DCM bankers. The country sold a tightly priced dollar benchmark on Thursday, and the success of the trade could help push forward issuance from other sovereigns.

More investors are deciding the risk of default is not worth the astonishing yields available on Venezuelan debt as bond prices hit new lows amid anti-government protests in the South American nation.

The US investment grade corporate bond market sprang back to life this week as four big issuers hit the market in quick succession on Thursday, after multi-billion dollar deals from Novartis and Comcast earlier in the week.

Brazil’s Odebrecht Oil & Gas this week roused the LatAm dollar bond market from a new issue lull that lasted nearly three weeks.

Sun Hung Kai Properties sold a $400m 10 year non call five bond on Tuesday, its first issue for more than a year. The innovative structure included a floating rate step-up that saved 100bp on each coupon payment, but bankers away from the deal have warned the investors have mispriced the extension risk, writes Virginia Furness.

Corporación Andina de Fomento (CAF) hopes to increase its presence in the Hong Kong dollar and Norwegian krone markets, a funding official at the development bank told EuroWeek. But the borrower may struggle to find demand for these currencies, according to dealers.

Credito Emiliano’s €750m five year has earned praise for its tight pricing, but it was demand from outside the eurozone, including from Asia and Switzerland, that suggests Italy’s recovery story is gaining traction.

Corporate bond issuance is set to get busier again in Europe next week, bankers say, with a drive-by deal also possible on Friday.

China Resources Land was out with final guidance for a dual tranche senior unsecured dollar bond on Thursday afternoon.

Unrated Hong Kong issuer New World Development Company upsized its seven year deal from $600m to $750m and priced at the tight end of the range due to an unexpected level of investor demand.

Darty Financements has released price guidance for its €250m debut high yield bond. The UK-listed electrical retailer with large operations in France aims to price its seven year bond this afternoon.

The Islamic Development Bank will hit the road on Sunday as it lines up a dollar benchmark sukuk of as much as $1bn. The deal will be a welcome — if tightly priced — issue for UK Islamic banks, given its status as the only triple-A rated sukuk issuer that qualifies for liquidity buffers under Bank of England rules.