JP Morgan
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eHi Car Services snapped up $400m from the only dollar bond from China on Thursday, managing to tighten pricing by 37.5bp.
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India's Vedanta Resources extended its maturity profile further this week with its second tender plus new money deal of the year. The issuer opted for size over price, leaving a little something on the table for investors.
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Canara Bank priced a $400m five year senior bond on Thursday, marking the second dollar deal from an Indian bank in a week.
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The dollar market got off to a busy start in August with US telecoms heavyweights Verizon and Comcast taking home a combined $5.5bn on the back of strong demand.
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Iraq roared back to bond markets this week with its first standalone bond deal in 11 years. The deal marked the end of a comeback after investors told the country "no" on a 2015 roadshow and capitalises on its recent military success in Mosul and a rebounding oil price, writes Virginia Furness.
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Verizon Communications launched its first Australian dollar bond on Thursday. As with its Swiss franc issuance in March, the US firm is aiming to further diversify its lending base.
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The summer MTN market has been dominated by niche currency issuance from supranationals.
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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.
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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.
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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.
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eHi Car Services, a Chinese auto rental provider, is selling its second international bond on Thursday, opting for a five non call three year.
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Indonesian and Indian corporates rushed to the debt market on Thursday, with Gajah Tunggal, Paiton Energy and Vedanta Resources all launching dollar transactions.