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Oil trader Vitol has mandated five banks to lead its $7.5bn refinancing and will launch the deal imminently, according to a banker on the deal.

National Bank of Canada and Bank of Nova Scotia joined the list of Canadian banks heading for euros on Wednesday, but bankers say the market is there for Europeans that want to use it.

Veteran credit strategist Suki Mann is back in the inboxes of investors and traders, after setting up a website called Credit Market Daily that he hopes will bring corporate bonds to a wider audience.

Turkish participation bank Albaraka Türk will sign its murabaha loan next week and increase the deal from the $400m launch size, according to bankers on the deal.

Yapi Kredi Leasing (YKL), the leasing arm of Turkey’s Yapi Kredi Bank, paid 2% over Libor for its latest $206m loan and will become a benchmark for the Turkish leasing sector, according to a banker close to the deal.

Poland made sure CEEMEA was not left out of the September restart rush on Wednesday, but more traditional emerging markets are likely to be left sidelined until after the US Federal Reserve decides to raise interest rates, said debt bankers.

A remarkable turnaround is taking place in the SSA market, where after months of dollars being the go-to currency, euros are coming to the fore.

Equity capital markets bankers hoping the beginning of the week would bring reassurance that the markets had recovered from last week’s volatility ordeal, and were ready to support a wave of September deals, have so far been disappointed.

Russia’s Vnesheconombank is in talks to sell Panda bonds, but the note will be placed next year at the earliest, said a source close to the borrower.

Gazprom is planning to issue a Eurobond in the last quarter of this year, and has been in preliminary discussions for a size of €500m-€700m for the deal, according to a source with knowledge of the company’s plans.

Covered bond activity has exploded into life this week, with the product better suiting the uncertain tone being created by the Chinese and US economies. But not all have been warmly received.

Falling oil prices, an abrupt end to a recent emerging market rally and the largest EM bond outflows since 2013 have not stopped Poland from attempting to end a five week CEEMEA benchmark drought.