Morgan Stanley

After German utility company ENBW struggled to offload a $300m hybrid in a choppy market on Monday, the issuer returned with a bang in euros on Wednesday, and was quickly followed by a dual trancher from French energy provider Total on Thursday.

The Asian Development Bank on Thursday sold the tightest priced SSA dollar benchmark of the year, as SNCF Réseau got off to a flying start with its first ever issue in the currency.

France's Total became the second European issuer of a corporate hybrid in two days, following EnBW’s successful deal on Wednesday.

Honma Golf priced its Hong Kong IPO near the top of expectations on Thursday, raising HK$1.34bn ($172.7m) for the Japanese maker of premium golf clubs as long-only funds climbed onboard.

CK Hutchison raised $1.25bn and another €1bn ($1.12bn) on Wednesday, whetting investors’ appetite with a good marketing strategy and wise timing, according to bankers.

The dollar market for SSAs is set to spark into life on Thursday, with one issuer lining up a debut deal in the currency and another attempting to print at the lowest spread to mid-swaps this year.

Phoenix Group Holdings, the UK life insurer and asset manager, will carry out a £735m rights issue to partly finance its takeover of Abbey Life, which it announced on Wednesday morning, causing its share price to rise by 3.6%.

CK Hutchison Holdings is seeking fresh funds to refinance debt, and is eyeing a dual-tranche dollar bond with five and 10 year tenors.

China National BlueStar navigated a crowded primary market on Monday, netting $1.1bn from a dual trancher on the back of an impressive $4bn order book.

Singapore Telecommunications raised $500m on Monday, a day when credit markets in Asia slumped. Nevertheless, the investment grade issuer managed to get away with offering no new issue premium on its bonds.

China Minsheng Hong Kong International Leasing is planning to raise at least $300m from its latest loan, more than the initial $200m, after receiving a good response during general syndication.

Three Chinese issuers went out to woo investors on Monday to get ahead of a potential boom in bond supply after announcements from the US Federal Reserve and Bank of Japan last week.