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The State Council officially launched the financial stability and development committee (FSDC) – a new organ to co-ordinate financial reform and regulations – on November 8, appointing Ma Kai, vice-premier, as chairman of the committee.

Quite often after a busy couple of days the corporate bond market pauses for breath. Not this week. Six new issues on Wednesday took the deal count for the week to 14, with little discernible effect on spreads.

Manchester Airport Group announced itself in the sterling corporate bond market with two deals in two months in 2014. It returned to the market on Wednesday with a print tighter than its two better known rivals.

Italian corporate issuers have dominated bond issuance in recent weeks but Wednesday brought a pair from Iberia, as two energy suppliers took advantage of the market's hot conditions.

American delivery company United Postal Service made its latest annual visit to the euro corporate bond market on Wednesday, leaving with €1bn of tightly priced bonds.

In October, German chemicals company BASF announced it had agreed to buy parts of Bayer’s seed and non-selective herbicide businesses for €5.9bn, all in cash. On Wednesday it started to fund that with a €3bn triple tranche bond sale.

Liquid Telecom’s $180m tap of its $550m 8.5% July 2022s has harnessed a growing interest from Asian investors for African high yield names.

The Republic of Lithuania on Tuesday drew a combined €1.27bn book for its taps as investors rushed to take a piece of what could be Lithuania’s last international bond for over a year.

Two weeks ago four investment grade corporate bond deals totalling €7.4bn were priced on the Monday, but that resulted in the rest of the week being starved of supply. This week however, the five deals that printed on Monday were followed by three more new deals on Tuesday.

Swedish property company Akelius Residential Property has sold eight year deals in euros and sterling during the last six months, as well as a four year Swedish krone deal. That concentrated funding activity didn’t affect the success of another euro deal on Tuesday though.

On Tuesday, Spanish infrastructure operator Ferrovial tapped into demand for the enhanced yield offered by hybrid bonds and matched the second lowest coupon ever on such an instrument.

German car manufacturer Daimler has proven a good medium to track the tightening of euro corporate bond credit spreads in 2017, having issued more than €9bn before the end of October. On Tuesday, a €1bn 10 year deal took that total within €1bn of the issuer’s 2016 total, but it didn’t come cheap.