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Corporate bond investors were offered 10 year and 11.5 year new issues on Wednesday and combined order books of over €4.4bn showed there is significant demand for longer tenors in this market.

Italian tyre company Pirelli returned to the bond market on Monday for the first time since its IPO. With no other investment grade deals in the market, the new five year transaction enjoyed strong investor demand and 40bp of tightening from initial price thoughts.

Syndicate desks and investors have been quietly voicing concerns about the lack of a firm pipeline in the corporate bond market. Going into the final week of the month, January volumes of new issuance are likely to come in under that registered in 2017, although a trio of French issuers did alleviate some of the pent up demand this week.

Scotiabank looks set to enter the US private placement market, after it hired an experienced banker from National Australia Bank.

Chinese property developer Country Garden Holdings was forced to pull a Rmb1.8bn ($281.2m) three year Panda bond this week after investors demanded a better return amid rising volatility, writes Noah Sin.

The Hong Kong Monetary Authority (HKMA) has agreed to strengthen financial markets cooperation with Switzerland's finance ministry, an effort that will encompass pushing forward China's RMB internationalisation agenda.

China Resources Land is coming back to the Panda market with a Rmb6bn ($941.6m) three year deal.

United Company Rusal has added an extra bank to its bond mandate ahead of pricing for the Reg S/144A dollar deal, which is expected on Thursday.

Polyus Gold, Russia’s largest gold producer, has released price guidance for a six year benchmark bond and books for the deal are already over $1.1bn.

Dubai Islamic Bank, the largest Islamic bank in the UAE by total asset size, has mandated eight banks for a five year senior dollar sukuk. The deal could be the first bank bond from the Gulf Cooperation Council so far this year.

Onshore investors forced red chip issuer Country Garden Holdings to pull a Rmb1.8bn ($281.2m) three year bond on Tuesday. It would have been the real estate company’s first deal in the Panda market since September 2016.

Shenzhen International Holdings has raised Rmb300m ($46.9m) from a five year non put three Panda bond. The deal, which marked the issuer’s first outing in the asset class, was also the first Panda to list in the exchange market in 2018.