JP Morgan

Agricultural Bank of China and Shanghai Pudong Development Bank Co competed for investor orders on Monday. ABC, the bigger of the two and offering a green bond to the market, got more attention, while SPDB faced an uphill battle.

The first public deals of the year in the long end of the euro curve from the supranational and agency sector arrived on Monday, with the trades receiving huge demand and pricing exceptionally tight to secondary levels.

Aroundtown, the Frankfurt-listed property company, opened 2021’s corporate hybrid capital issuance on Monday. More subordinated deals are already being lined up.

Fundamentals are becoming more important again in Europe’s corporate bond primary market, but the power of the European Central Bank technical trade in the secondary market is quickly washing away any new issue concessions issuers have to give.

A burst of mandates on Monday confirmed what many market participants had expected: a rise in emerging market corporate bond supply.

Huhtamaki, the Finnish food packaging company, has refinanced a €400m facility, with the borrower becoming the latest to add sustainability metrics to its main bank line as an EU ban on single-use plastics comes into force.

Five Chinese corporate borrowers pushed into the debt market on Thursday, capping a frantic pace of deal flow this week that set a new record for Asia bond issuance.

Hong Kong-based property developer New World Development Co (NWD) opened a new area of issuance for Asian borrowers on Thursday when it sold the region's first dollar sustainability-linked bond.

The dollar bond market made a fast start to the year this week, as investors showered Broadcom, the semiconductor maker, with $28bn of orders, enabling it to raise $10bn.

Rating: Aa1/AA/AAA

State of North Rhine-Westphalia’s third and biggest century bond built an impressive order book in terms of size and number of accounts from a diverse range of investors this week, proving this niche part of the curve is increasingly popular with buyers.

Yankee issuers stormed into the US dollar market to lock in record low levels of funding, despite this week’s turmoil in Washington, DC.