JP Morgan

International investors were eyeing the first Kazakh tenge trade to be cleared by Euroclear on Thursday.

A flurry of activity in the Australian dollar market this week may be at an end after a lower than expected third quarter Australian GDP print.

No deal had appeared from Growthpoint, the Johannesburg listed property company, by lunchtime on Wednesday with two investors telling GlobalCapital that the issuer was struggling to drum up enough demand. The leads later sent out a note to say that the deal had been postponed.

Investor support for leveraged loan deals where the issuer is only seeking to cut margins remains so strong that some borrowers, such as French real estate group Foncia, may do it twice this year.

French insurance broker Financière CEP and UK frozen food producer Nomad Foods have launched refinancing offerings to increase the size of existing debt.

Friday’s sharp turnaround in US sentiment left some European corporate bond players unsure as to how their market might open on Monday. But the tone turned out to be positive and US chemicals company Celanese Corp was ready to take advantage.

South Africa based Growthpoint is talking a new euro-denominated bond at mid to high 2% yield, following investor meetings last week.

EN+ Group, the Russian power and metals company controlled by Oleg Deripaska, rose more than 2% in Moscow trading on Monday morning after posting its first results since its $1.5bn IPO in early November.

Cemex, Thomas Cook, Telenet and Lowen Play injected €1.7bn of bond offerings into a visible high yield issuance pipeline already populated with Pinewood and CeramTec this week.

The sterling bond market was stretched in new directions on Friday when the University of Oxford issued its first bond. It chose a 100 year maturity, much longer than the longest Gilt, and at Aaa is rated higher than the UK government.

There was no sign of a post-Thanksgiving shutdown in the CEEMEA market yet as mandates continued to roll in for a variety of issuers.

Johannesburg-listed real estate investment trust Growthpoint will next week test whether investor appetite for South African debt has been negatively affected by the series of ratings actions on the country last weekend.