JP Morgan

More robust conditions in the high yield market and an improved situation in Argentina may have contributed to Chilean wood board producer Masisa’s decision to roadshow for a second time in six months, according to investors, with the company expected to try to issue early this week.

Doosan Infracore International (DII) and Doosan Holdings Europe (DHEL), part of South Korean conglomerate Doosan Group, are seeking a $1.3bn senior secured term loan from the US market.

Korea Land & Housing is the latest Korean issuer to tap the international markets, launching guidance on a new bond on Monday morning.

State Grid Corporation of China returned to the market with a multibillion triple-tranche transaction on Monday morning. But despite nearly $10bn having already been absorbed by issues from other major Chinese state owned enterprises this month, bankers said there is still room for State Grid to do a jumbo deal.

SingTel signed loans worth a chunky S$3.5bn ($2.8bn) via two separate facilities this week, in deals that saw a large number of banks piling in.

Commodities group Glencore Xstrata proved there was life in the corporate investment grade market this week, but syndicate bankers are hoping for a more broad-based recovery as corporate America emerges from earnings blackout.

A global-local currency bond proved to be one ambitious step too far for a hot LatAm market on Thursday as the Dominican Republic failed to garner enough interest to sell a Dominican peso-denominated bond. But bankers away from the deal praised the sovereign’s first 30 year issue as strong liquidity continues to support high yield issuers.

Alain Afflelou, the French optician chain, priced its €440m bond issue on Thursday April 17 – the second European high yield deal in three days to have the more aggressive 1.5 year initial non-call period.

Rating: Aaa/AAA/-

Inter-American Development Bank treasurer Søren Elbech signed off with a final benchmark before he moves to Danish wind turbine manufacturer Vestas at the end of the month, raising $2bn with a July 2017 global bond on Wednesday. Despite the deal being slightly undersubscribed, bankers away from the trade were impressed that the supranational was able to raise so much cash at a near rock-bottom yield.

Nets, the Nordic payment systems and information services company, held a bank meeting on Thursday to market the €1.2bn-equivalent term loan backing its buyout by Advent International, Danish pension fund ATP and Bain Capital.

Saudi Telecom Company, one of the largest phone operators in the Gulf region, looks set to hit the sukuk market with a debut deal. Bankers said it has mandated JP Morgan, Standard Chartered and National Commercial Bank's investment arm NCB Capital to manage the sale.