Nomura

A pair of Dutch public sector borrowers are set to come to market with socially responsible investment bonds. The deals form the first wave of an approaching flood of SSA SRI borrowing.

African Development Bank (AfDB) has reopened a rare long end green Kangaroo bond. Long end Kangaroos are often considered difficult to place as those deals are primarily driven by interest from Japan and are too long for most investors.

Oman electrical distribution company Mazoon has opened books on a 10 year sukuk with a chunky premium at mid to high 5%, leading to plenty of investor interest — despite the glut of Middle Eastern trades.

The government-backed New India Assurance Co (NIA) has launched a three day bookbuild for its IPO, which could raise up to Rp96bn ($1.5bn).

After a huge response from investors, Reliance Nippon Life Asset Management has wrapped up its IPO books more than 80 times subscribed.

HDFC Standard Life Insurance Co has announced a price range for its IPO, which could raise up to Rp86.9bn ($1.3bn) for its two biggest shareholders.

Wind Tre, the Italian telecoms group, delivered Europe's largest ever high yield bond issue this week, a €7.3bn deal that has raised the bar for the market and led to expectations that more sponsors will follow suit amid heady investor demand.

Three European agencies and a Washington supranational tapped 10 year Australian dollar bonds this week, as the demand for long end Kangaroo paper remains healthy.

After a stream of successful repricings in the leveraged loan market this week, French call centre operator Webhelp is set to refinance its term loans for the second time this year and could shave a further 25bp off its financing costs, according to sources.

Reliance Nippon Life Asset Management was inundated with orders for its Rp15.4bn ($236.3m) IPO this week, with books covered 4.21 times on Wednesday, the first day of a three day bookbuild.

The European high yield bond pipeline this week brought €1bn of single-B rated offerings in euros and sterling from new issuers, giving hope to those working for a bigger borrower base for the market.

Investors were stumbling over each other on Wednesday to place orders for Reliance Nippon Life Asset Management’s potential Rp15.4bn ($236.3m) IPO, the first day of a three day bookbuild.