Natixis

The European Stability Mechanism blasted open the long end of the curve on Tuesday with its longest bond to date. The 30 year stormer has prompted several other issuers to explore maturities of 10 years and above.

Turkiye Garanti Bankasi is applying to the country’s capital markets board for authorisation to issue an international covered bond of up to €2bn, but the deal’s future likely hinges on the outcome of Turkey’s elections, said bankers close to the deal.

Swiss commodity trader Gunvor is building momentum for around $1bn of refinancing loans, with commitments due by the end of the month.

Beijing Automotive Group (BAIC) is planning to issue its first G3 bond, having mandated four banks to arrange a series of investor meetings starting this week.

An agency mandated for its first syndication in four years on Friday, with a deal to follow next week. The unconventional timeframe was in part to allow investors to reacquaint themselves with the borrower, said bankers on the deal.

French investment company Wendel bought a €300m no-grow trade to an uncertain, but stabilising, corporate bond market on Monday.

A €600m ($673m) fundraising for a unit of China National Chemical Corp has gone into general syndication, following a senior phase where just two banks came on board. The lacklustre demand has caused the leads to increase the fees on offer to help drum up more interest.

Four banks have launched a €600m ($673m) financing for China National Chemical Corp (ChemChina) into general syndication, after bringing on board two lenders during the senior phase.

French investment company Wendel bought a €300m no-grow trade to an uncertain, but increasingly stable corporate bond market on Monday.

Commodity trader Gunvor has launched its $1bn annual loan refinancing, following a deal for its Asian subsidiary that doubled in size after strong demand from lenders.

Raiffeisenlandesbank Niederösterreich-Wien and Banca Carige have mandated leads for covered bond roadshows that will start in early October.

ING Belgium and Bawag received good receptions for their covered bonds issued this week, in contrast to less spectacular outcomes for deals from Westpac New Zealand and UniCredit.