JP Morgan

WPP, the UK advertising firm, attracted more than €3bn of orders for its four year benchmark bond on Tuesday as investors showed they were willing to turn on the taps for the right deal.

Istituto Centrale delle Banche Popolari Italiane (ICBPI) sold its €1.1bn PIK note on November 6 in what looked like a comeback week for the high yield bond market — but it turned out to be a short-lived pick-up.

Commercial Bank of Dubai is settling for a smaller print and wider spread than originally indicated on its latest five year dollar bond, according to rival bankers and buyers.

FIG bankers are expecting some issuers to bring forward plans to print tier two early next year as investors show they are ready to take on higher beta paper.

Sky, the UK satellite and cable broadcasting group, brought a 10 year euro benchmark bond on Monday, pushing out for a longer maturity after a week when many issuers stayed with intermediate tenors.

Commercial Bank of Dubai has released initial price thoughts for a five year dollar benchmark at mid-to low 200bp over mid-swaps.

Bahrain has picked banks for investor meetings ahead of a dollar bond deal and starts investor meetings this week.

Albania returned to the international market for its second ever bond deal this week, raising a sum larger than it needed in a result that drew approval from rival bankers

Future Land Development Holdings breathed some life back to the Asia ex-Japan high yield bond market this week with a red hot $250m bond that was close to 10x subscribed.

Snam, the Italian natural gas transmission company, priced a €750m eight year bond on Tuesday, its first issue since it was added to the list of bonds that the European Central Bank will buy as part of its public sector bond purchase programme, or quantitative easing.

Swiss foods group Nestlé issued a €500m no-grow bond on Wednesday, clinching a 25bp spread over mid-swaps and still drawing a €1.6bn order book.

Hashemite