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The sterling corporate bond market has been less busy year to date than it was in 2017. However, the property sector has continued to be one of the largest contributors of supply and, on Thursday, Grainger added its name to the list of issuers from the industry.

Australian property company Stockland was the first Australian issuer to sell a green bond in Europe in 2014. The company finally returned to the euro market on Thursday, but chose not to go with a green bond, on the same day as compatriot Ausgrid chose to price its new deal.

Turkish real estate developer Ronesans Gayrimenkul Yatirim has released initial price guidance on its benchmark five year bond, which a rival syndicate has called wide but a lead said was the pick-up investors are demanding over Turkish international corporates.

EPIF Infrastructure, has released initial price guidance for a six year fixed rate euro benchmark.

French telecoms company Iliad is becoming a frequent borrower in the corporate bond market. Two deals in six years have been followed by two deals in seven months. The company’s latest deal, a dual tranche offering, was its largest to date, but order books were barely 1.5 times oversubscribed.

Turkish real estate developer Ronesans Gayrimenkul Yatirim is still assessing investor feedback and is yet to release initial price guidance, despite having told the market that it was looking to price its bond “as early as” Wednesday.

Kazmunaygas’ (KMG) $3.25bn bond on Tuesday proved to be a beneficiary of the latest round of US sanctions against Russia sanctions, as investors sought a new oil play away from the volatility surrounding assets from the proscribed state.

Investors who can buy investment grade corporate bonds in a variety of currencies have been making the most of the relative value of dollar assets in recent years. However, the cost of hedging those assets has been steadily rising and is now at a point where such assets are looking much less attractive for non-US investors.

Kazakhstan’s national oil company Kazmunaygas, rated Baa3/BB-/BBB-, has released initial price guidance for its dollar senior unsecured triple tranche 2025, 2030 and 2048 issue.

Turkish real estate developer Ronesans Gayrimenkul Yatirim has set the tenor on its benchmark dollar bond at five years, and is expecting to print the note “as early as tomorrow”.

United Arab Emirates based Noor Bank has launched its five year Reg S sukuk at 165bp over mid-swaps, with order books over $1bn, including joint lead manager interest.

Five CEEMEA borrowers are out with initial terms for new bonds as EM capital flows remained strong despite the imposition of fresh sanctions on Russia on April 6.