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Russia’s largest bank Sberbank is looking to replicate the 150bp margin it got on its $1.2bn November 2011 deal for its new loan.

Ireland sold a €200m two month piece of Euro-commercial paper this week — its largest deal with a maturity longer than one month in nearly two years.

Deals from the EIB and Bank Nederlandse Gemeenten (BNG) on Tuesday in dollars and euros, respectively, demonstrated investor lust for current coupon paper. But the latter deal was by no means a blow-out.

The busy August for corporate bonds continues, with companies pricing deals in a range of currencies. An equivalent of €1.09bn was sold on Monday and Tuesday and bankers expect more deals next week.

Investors in financials paused for breath on Wednesday, after a rally that brought tight prints in senior unsecured and covered bonds. But with Westpac’s subordinated dollar deal and ANZ hitting the road, ripe issuance conditions look set to continue.

Investors in Malaysia and the Gulf have predicted a surge of new deals from September, meaning that 2012 could quickly eclipse 2011's dealflow.

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Suggestions that Spain’s bad bank would buy low quality assets from the country’s financial institutions at above market prices were met with scepticism this week, as analysts worried that such a move would prevent a fair valuation of the Spanish real estate market.