JP Morgan

Japanese names have stolen the show this week, with Mitsubishi UFJ Trust and Banking (MUTB) raising $1.25bn from a US-driven bond, to be quickly followed by Mitsubishi UFJ Lease & Finance opening books for its second dollar outing of the year.

Mizuho Financial Group has returned to the dollar bond market with a bank capital trade that priced alongside a triple-tranche senior offering. Despite launching on a day crowded with other transactions, the issuer’s safe haven status allowed it to find success.

A European agency is set to bring what will be the first dollar benchmark of the week from a public sector borrower, after mandating banks for a deal on Tuesday.

The European Stability Mechanism blasted open the long end of the curve on Tuesday with its longest bond to date. The 30 year stormer has prompted several other issuers to explore maturities of 10 years and above.

The euro FIG market may lose the business of some US banks in the looming results reporting season, because it can’t compete with the depth of demand on offer in dollars.

China is boosting its capital markets collaboration with the UK with Agricultural Bank of China launching a dual-currency, triple-tranche bond on October 13. It would be the second Chinese lender to sell notes in London in as many days, and its offering will also mark the country’s first financial green bond.

Mizuho Financial Group and Mitsubishi UFJ Trust and Banking (MUTB) are out in the dollar bond market, releasing guidance for their respective offerings on Tuesday.

Euros proved the currency of choice for SSA borrowers on Monday with two new issues, two taps and a mandate in the market across a range of maturities.

Private equity firm Permira is merging German debt collector Garfunkelux, which it acquired in July, with British peer Lowell Group — a deal that could play the ‘market opener’ role bankers and investors have awaited since September.

Landsbankinn was set to walk away with €300m of three year money on Monday, but bankers said investor confidence even after a stronger week of trading remains low.

Beijing Automotive Group (BAIC) is planning to issue its first G3 bond, having mandated four banks to arrange a series of investor meetings starting this week.

Mitsubishi UFJ Lease & Finance Company is preparing to issue a second dollar bond this year, with investor meetings scheduled for next week.