Mizuho

Automotive finance companies rarely issue corporate bonds with tenors longer than four or five years, due to the assets they need to fund. This week, however, three of them sold five year bonds.

On Thursday, Belgian gas transmission system operator, Fluxys, successfully priced both sub-benchmark tranches of its latest corporate bond deal it had set out to sell when it met with investors earlier in the week. The 10 year tenor was the company’s primary aim, but it was also willing to explore reverse enquiry for a 15 year tenor.

Mizuho has hired Julie Edinburgh to fill a new position: head of vanilla MTNs.

US machinery manufacturer, John Deere, returned to the euro corporate bond market on Tuesday, selling its second deal in September. The €500m five year deal was issued by the company’s John Deere Bank entity.

Mizuho Financial Group has mandated for a senior green bond deal, as Sumitomo Mitsui Financial Group (SMFG) starts its roadshow for a similar trade this week.

Samson Paper raised HK$780m ($100m) from its latest outing to the syndicated loan market, with strong demand lifting the deal from an initial size of HK$570m.

Investors bought into attractive yields from triple-B rated issuers that jumped into the US corporate bond market ahead of the Fed’s well flagged announcement that it would reverse quantitative easing.

Spanish gas distribution company NorteGas Energía Distribución was the only investment grade corporate bond issuer in the euro corporate bond market on Thursday. Its debut deal was a €1.3bn five year and 10 year dual tranche offering with order books totalling €5.4bn.

Spanish gas distribution company, NorteGas Energía Distribución, was the only investment grade corporate bond issuer in the euro market on Thursday. Its debut deal was a €1.3bn five year and 10 year dual tranche offering.

Chinese investors warmly welcomed Mercedes-Benz Auto Finance’s second outing this year in China’s securitization market, helping the originator raise Rmb4.98bn ($760m) from the senior tranche of its deal.

Singapore power company SP PowerAssets grabbed $600m on Tuesday from a tightly priced investment grade bond that reset its debt curve.

Swiss energy and commodities trader Mercuria is looking to raise $850m from a triple-tranche facility that was launched earlier this week.