MUFG

Investors piled into the first offshore renminbi bond from Lenovo Group, keen to get their hands on some rare corporate supply. The strong response allowed the borrower to upsize the five year offering to Rmb4bn ($645m), equalling the record for the largest corporate dim sum bond.

Quanta Computer subsidiary Quanta International, which launched a dual tranche borrowing into general in March, has signed the facility at an increased size of $900m after fully exercising a greenshoe option.

Corporate bond issuers hung back from issuing in euros on Monday, as markets made a soft opening. But the pipeline continued to fill and issuers like Eurogrid and Mohawk Industries are in the offing.

Apple is set to issue its first ever bond in yen this week, adding a fourth borrowing currency as it funds its growing programme of returning capital to shareholders.

Sinochem Hong Kong launched its $500m three year bullet into general syndication on May 28. The company chose four mandated lead arrangers and bookrunners for the financing at the beginning of May.

Two European banks — Nordea and Standard Chartered — issued Samurai bonds this week in an attempt to diversify their funding sources.

Air Liquide, the French producer of industrial gases, returned to the bond market on Wednesday after a one year absence, and won a strong order book, enabling it to pay a minimal new issue premium.

Michelin, the French tyre maker, issued its first bond since 2012 on Tuesday. While the issuer drew good demand for seven and 12 year euro bonds, a proposed 30 year tranche failed to gain traction with investors.

While turbulence struck the euro market this week, issuers in sterling had an easier time of it with three companies putting together solid deals in the currency.

Noble Group has signed its latest fundraising at $2.3bn, with 35 banks participating, despite negative reports that swirled around the company during syndication. The leads’ decision to hold roadshows in Europe and North America, in addition to Asia, has paid off, with the list of incoming banks revealing plenty of western liquidity.

GlobalCapital presents its annual Corporate Bond Awards 2015. These Awards are determined entirely by a poll of market participants, and celebrate the outstanding issuers, investment banks and rating agencies in the European high yield market between May 2014 and April 2015. GlobalCapital congratulates all the winners and nominees.

Whitbread, the UK hotel, pub and coffee shop operator, sold its first benchmark bond on Wednesday, drawing together a comfortably oversubscribed book for the 10 year issue.