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Dubai’s DP World was the only CEEMEA issuer to step out this week, shaking off turbulent markets on Tuesday to take a $3bn book for its $500m trade. Bankers are hoping the tight print may encourage some of the two dozen or so issuers that have mandated and are waiting.

Goodyear — INPP — Lagardère — Archroma — Imperial Mobility

Tennet, the Dutch government-owned electricity transmission system operator, has mandated banks for its first green bond and will travel to meet investors next week.

The long end of the French, Belgian and Dutch covered bond market is in effect closed for primary issuance because it is too expensive compared with government bonds.

The European Banking Authority has launched a consultation to agree how to close the outstanding derivatives contracts of a bank in resolution under the Bank Recovery and Resolution Directive (BRRD).

The recent sell-off in US government bonds has grabbed plenty of headlines, with some observers fearing the negativity could spill over to Asia. But if this week’s primary issuance volume is anything to go by, the region is unlikely to be perturbed by the volatility, writes Rev Hui.

Bankers are lining up behind private equity bids for Istituto Centrale delle Banche Popolari — ICBPI — the banking payments servicer, with a bond likely to back one team’s bid.

The Bund correction has driven mid-swaps rates higher across the curve to the point that short dated German Pfandbriefe now offer a positive yield.

Eurazeo sold a 7.8% stake in Moncler, the French-Italian skiwear maker, through an accelerated bookbuild over Wednesday night. The book was covered, though price information suggested Bank of America Merrill Lynch had sold the block at below the underwritten price.

Just one small covered bond emerged from newcomer Natixis Pfandbriefbank this week, while several others mandated for sub-benchmark deals.

Azerbaijan Methanol Company, a petrochemical firm, has said it plans to raise a $1bn bond though a private placement. The deal would act as a test of market appetite for illiquid corporate debt.

World Bank on Thursday closed the subscription window for its first index-linked green bond marketed to US retail investors.