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Investors maintained discipline on Wednesday when Ford Credit Europe Bank issued a €500m five year bond, with some dropping out of the deal after moderate pricing revisions.

Bankers are preparing the ground for the first Turkish covered bond with Akbank and Garanti Bank lining up for issuance. Pricing for both will be wide of the sovereign and the banks are preparing extensive investor roadshows. While funding officials are confident that the bonds will sell well, syndicate bankers question whether they will find a substantial buyer base.

Delachaux, the French maker of railway tracks, is today hitting the deadline for commitments on its €690m-equivalent loan repricing, an aggressive deal that is nevertheless likely to fly.

Loan bankers expect their market to keep steaming ahead with little impact from the UK general election, but the possibility of an EU referendum would be a real concern.

Amid a worsening storm in euros, the sterling bond market, usually a safe haven for issuers and investors, has its own maelstrom to contend with ahead of the UK general election.

The majority of FIG bankers feel UK bank spreads are insulated from the country’s election result whoever wins, but others fear prolonged policy uncertainty following a hung parliament could trigger a sell-off.

Equity capital markets bankers are ready for the UK general election to produce a period of disrupted markets if the result is inconclusive — but they emphasise that wider factors governing supply and demand for European stocks are likely to be the dominant factor in whether UK ECM is busy for the rest of 2015.

Unrated Finnish chemicals company Kemira attracted a wide range of investors on Wednesday, allowing it to increase its second euro bond issue, a seven year, from €100m to €150m.

Reed Elsevier has issued a €600m 10 year bond through a US financing vehicle in an SEC-registered, New York-listed format, after considering issuing in either euros or dollars.

Swedbank returned to covered bonds on Wednesday for its third funding exercise of the year, deciding to launch in Reg S format for its first dollar benchmark of the year instead of using its 144A programme. The decision came as the euro rates markets suffered a further bout of intraday volatility following last week’s instability.

PP Properti priced shares in its Rph908.78bn ($70.25m) IPO at the bottom of an expected range, buffeted by torrid market conditions that had bankers gasping at Indonesia’s plunging index during the bookbuild.

London may technically be France’s sixth largest city by population, but that doesn’t mean the UK’s French MTN contingent have been enthralled by the build-up to this week’s general election.