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Dutch chemical company Royal DSM issued into a quieter corporate bond market on Tuesday, but encountered much the same conditions as those who jostled for attention on Monday.

A European agency outlined size expectations on Wednesday for an inaugural visit to the additional tier one (AT1) market, after mandating for the deal earlier in the day.

Adif Alta Velocidad, the Spanish state high speed rail network company, received heavy domestic demand for its €600m bond issue on Tuesday, which enabled it to pay a single digit new issue premium, as La Poste had the day before.

The European Stability Mechanism has brought its funding total for the fortnight to €9bn with a curve-building 10 year print.

Italy shunted just over €2bn of redemptions due over the next three years into the next decade, as Portugal sliced several basis points from its short term borrowing costs.

Technicolor, the French media company, has raised a €375m five year incremental term loan maturing, which is due to be syndicated in the coming days.

A supranational borrower looks set to bring an Islamic flavour to this week’s market, after announcing the mandate for its second sukuk.

UBS is planning to raise senior debt at group level in what has been a busy year for the borrower.

Norddeutsche Landesbank coped well with the new rules around debt seniority for German banks on Wednesday, launching a cautious, but successful senior trade, which attracted a decent order book.

Etihad Airways printed its innovative $500m structured bond on Wednesday. It pulled in pricing from guidance but opted for the lower end of the $500m-$750m size range the company was targeting.

Exasperated European FIG bankers are unsure whether the US Federal Reserve will raise rates on Thursday but they do agree that the central bank should “get on with it”.

Russian steelmaker Novolipetsk Steel (NLMK) has arranged a syndicated loan of around $400m, after a long and protracted grappling with lending banks.