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Statkraft, the Norwegian state electricity company, made a successful venture into an uncertain corporate bond market with a defensive €500m no-grow bond on Monday.

Etihad Airways has tapped the $500m structured bond it sold on Wednesday for a further $200m. Despite this, the bonds have staying buoyant at around 101.25 bid.

Garanti Bankasi has signed a $150m three year loan, only the second three-year deal in Turkey since 2006 after Akbank’s deal in July.

The Republic of Latvia sold its €500m 10 year bond on Wednesday attracting a €800m book and a new SSA investor base.

Indian pharmaceutical companies are creating a buzz in the loan market by seeking debt to fund outbound acquisitions. While other sectors in the country are yet to kick off such spending in a big way, the pharmaceutical industry has been an exception, and bankers are hoping for more opportunities to finance purchases. Shruti Chaturvedi reports.

Industrial and Commercial Bank of China (ICBC) took the bond market by storm this week, printing a $2bn Basel III tier two offering, the first Chinese bank capital trade since May. Despite coming during a week dominated by speculation about the Federal Reserve’s decision on interest rates, ICBC still managed to meet its price and size targets, offering just a small new issue premium.

CLP Wind Farms, a unit of CLP India, became the first corporate from the country to issue a green bond on September 15. Market participants expect India’s green issuance to take off, as it needs such financing with more liquidity expected to guarantee pricing benefits.

A subdued north Asia equity capital market, which has barely seen any activity since August, suddenly burst into life on September 16. American car rental company Hertz reduced its stake in China Auto Rental (CAR) while Taiwan’s TWi Pharmaceuticals sold GDRs on the same day to raise a combined $187m.

A $125m loan for Bharat PetroResources International (BPRL), a subsidiary of Bharat Petroleum Corp (BPCL), has launched into targeted syndication.

The Islamic Republic of Pakistan has chosen three banks to work on a potential dollar offering in conventional format, days after Fitch assigned the sovereign a junk rating.

United Arab Bank (UAB) will close syndication for its $125m three year loan in the next few days, according to a banker on the deal.

HSBC and Standard Chartered are each working on their debut Panda bond issuance, aiming to launch the deals at end of September at the earliest, several sources have told GlobalRMB. If the deals come out as planned, these will also be first Panda offerings from financial institutions.