Mizuho

A steady start to the week in the European corporate bond primary market had clicked into gear by Thursday, as corporate issuers emerged at pace from earnings blackouts.

Borrowers enjoyed tight pricing in the US market this week, as a sharp drop in supply helped bring stability to the market and triggered a fall in new issue premiums.

Teva, the New York-listed Israeli pharmaceutical company, held a meeting with banks on Wednesday for the syndication of $33.75bn of loans to buy generic drug business Allergan Generics.

A $500m financing for State Bank of India has launched into general syndication following a senior phase that saw three lenders come in.

A $500m five year loan for State Bank of India, which launched into senior syndication in August, has attracted three lenders at the top level.

Latin American trade finance bank Bladex is understood to be monitoring potential yield levels in Japan’s Tokyo Pro-Bond market and could become the second name from the region to issue there.

Mizuho International is hiring two bankers as part of its push to build out its financial institutions debt capital markets business.

Teva, the Israeli pharmaceutical company, will hold a meeting with banks on Wednesday for the syndication of $33.75bn of loans it is using to buy generic drug business Allergan Generics.

European and US banks paid up this week as they unleashed a torrent of dollar supply amid improving market conditions.

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.

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.

Taiwanese company Quanta Computer has selected banks to lead its latest $400m borrowing.