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The Republic of Mozambique’s new 2023 sovereign bonds, the result of a debt exchange of bonds sold by the state owned tuna fishing company Ematum, rallied around 20 points in the secondary market on Thursday, despite complaints over a ‘surprise’ loan.

ABN Amro issued the largest 15 year euro covered bond in a decade and priced it as Bund prices rallied to historic highs, igniting a search for yield.

Deutsche Bank made its second visit to the senior unsecured market within a month on Thursday, offering investors an eye catching price for a two year floating rate deal.

Strong demand was expected to propel South Africa’s new 10 year note to a successful conclusion, with a 35bp-50bp concession tantalising investors before the US open, despite a political crisis in the country.

Turkiye Vakiflar Bankasi (Vakifbank) is meeting investors for what could be the first ever international mortgage backed covered bond from Turkey.

HSBC’s group chief executive Stuart Gulliver told clients at a forum in Hong Kong on Thursday that China deserves patience as it attempts its economic transition, adding that he expects Mainland authorities to keep their word on RMB stability.

The Islamic Corporation for Development set the spread on its benchmark sukuk at the wide end of guidance on Tuesday afternoon in London, but by Wednesday midday the sukuk had still not been priced.

South Africa is looking to add another point to its dollar curve and has mandated banks for a 2026 bond amid attempts to impeach its president, Jacob Zuma.

A March recovery in European bank stocks is looking short lived after Barclays warned investors that first quarter investment banking revenues would be poor, and Italian banks resumed their slide.

ING has taken up the challenge of printing debt amid uncertainty over the Netherlands’ approach to total loss absorbing capacity (TLAC) requirements, while primary FIG activity has ridden out a secondary market blip.

The broad liberalisation of access to the China interbank bond market (CIBM) announced in February has been given the thumbs up, but hedge funds keen to have a more direct route into the Chinese market face a complex landscape, with the country’s regulators still treating the industry with suspicion.

Four banks underwrote the $3bn prepayment facility for Swiss commodity trader Vitol to buy oil from Kazakhstan's KazMunaiGas (KMG).