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European Investment Bank this week became the first SSA name to sell long-dated kangaroo paper to Japanese investors following the start of their new financial year.

The Eurosystem started lending out securities it bought in its quantitative easing programme last week, but the scheme shows how little confidence European central banks have in the continent's government bond markets.

A trio of SSA issuers reopened a dormant euro market on Thursday with trades peppered across the curve.

Nederlandse Waterschapsbank drew strong demand for its longest ever dollar benchmark on Thursday, after it joined Inter-American Development Bank in the seven year part of the curve this week.

German plastic packaging manufacturer Kloeckner Pentaplast is mulling a high yield bond, while launching a refinancing and dividend package including loans.

The macro picture has dominated the credit markets in recent months, but low interest rates mean conditions are ripe for M&A activity and single name stories.

The primary market in covered bonds was active this week, but not in its staple euro market. Canadian issuers came to the fore, supplying benchmark deals in sterling and dollars.

Tikehau, the French asset manager, has provided a €30m unitranche facility that will back L Capital’s acquisition of a 50% stake in Ba&sh, the French women’s clothing provider.

Less than a year after entering the green bond market as an issuer, KfW is planning to boost the sector from the buyside too.

UK information and events group Top Right is finalising its £435m-equivalent refinancing loan in dollars and euros, with pricing likely to finish within the initial guidance range.

Berlin-Hannoversche Hypothekenbank (BHH) mandated leads to market the first green pfandbrief, or Grüner Pfandbrief. More green covered bonds and RMBS are on the way.

British aerospace and defence firm Cobham is looking for a €100m Schuldschein, a rare UK deal for the German promissory note market.