JP Morgan

Schaeffler returned to the bond market this week, for the first time since Moody’s and Standard & Poor’s upgraded the industrial bearings maker in September, after it managed to sell €950m of its stake in tyre producer Continental.

Concerns over Brazilian economic growth are apparently not strong enough to prevent issuers from the country making the most of bond investors’ desperate search for yield. First Caixa Econômica Federal and then Fibria Celulose issued tightly-priced, well oversubscribed deals at a larger than originally indicated size this week.

Paroc Group, the Finnish maker of insulation materials, released initial price thoughts and tranche sizes for a €430m high yield bond issue late on Thursday, and is set to price it on Friday.

KCA Deutag, the Aberdeen-based oilfield services company, has announced plans for investor meetings to prepare for a $375m return to the high yield bond market.

Integrated Dental Holdings, the UK dental care group owned by Carlyle, priced a £100m tap of its £125m December 2018 floating rate notes at the tight end of guidance on Tuesday.

US bond specialists predicted many things for 2014, but few expected a rally in Treasuries. Yet this week the 10 year Treasury yield fell to 2.55%, making borrowing conditions even more attractive for high grade companies.

After weeks of limited issuance, the dollar market is primed to spark into life next week as investors clamour for a chance to use up accumulated cash. The European Investment Bank and Municipality Finance are tipped to launch deals, while Ontario stole a march on other issuers by mandating banks on Thursday afternoon for a benchmark.

JP Morgan continued its cracking pace of issuance with a $2bn offering of 10 year notes on Tuesday.

Schaeffler, the German ball bearing maker, priced all four tranches of its €2bn high yield bond issue at the tight ends of revised guidance on Thursday.

Online cosmetics marketplace operator Jumei International launched bookbuilding for its IPO in New York on Wednesday in a deal worth up to $194m that is being pitched at a huge discount to its closest rival.

China’s second largest internet security software provider, Cheetah Mobile, managed to overcome the poor secondary market performances of some of its peers by pricing a $168m New York IPO near the top of its guidance on May 8.

Dim sum issuance volumes are on the rise, with four issuers launching deals and another wrapping up a roadshow on Thursday.