JP Morgan

The summer MTN market has been dominated by niche currency issuance from supranationals.

Public sector issuers are taking advantage of strong summer conditions in the dollar market to bring green and arbitrage-style deals, with more issuance expected next week.

Anglian Water priced the first green corporate bond in sterling since 2015 on Monday. The company’s green bond debut could herald a surge of deals from its peers, writes Nigel Owen.

Canara Bank is offering investors starved of paper from India’s FIG sector something to feast on, marketing a senior five year bond on Thursday.

eHi Car Services, a Chinese auto rental provider, is selling its second international bond on Thursday, opting for a five non call three year.

Indonesian and Indian corporates rushed to the debt market on Thursday, with Gajah Tunggal, Paiton Energy and Vedanta Resources all launching dollar transactions.

Iraq had revised pricing to 7% area for its long awaited dollar bond on Wednesday after the low-7% starting point prompted debate among deal watchers.

Axis Bank became the first Indian financial institution to offer a bond to US investors this year, sealing $500m on Tuesday and leveraging its rarity value to price inside its existing curve.

The Asian Development Bank has picked up $1.25bn of green funding across two tranches, including its first 10 year dollar paper since January.

South Korea’s KT Corp grabbed $400m from its bullet bond on Monday through a smooth transaction in an otherwise quiet day for primary issuance.

Turkey’s Coca-Cola İçecek (CCI) is set to offer investors a rare chance to buy Turkish corporate debt, and has announced its intention to raise up to $1bn from the bond markets within the next year.

India’s Axis Bank is in the market with a five year dollar bullet through its Dubai International Finance Centre branch, wooing the buy-side a year after its debut green bond.