Pre-migration untagged articles

The European corporate bond market is set for a busy few weeks with the list of issuers lining up to bring trades growing each day.

The European Investment Bank set a new standard for supranational and European agency issuers this week by raising $3bn in the 10 year global bond market.

Emerging market governments were the teetotallers of the global bond markets this week, as five countries embarking on at least $5bn of liability management deals.

Dealers are reporting a boost in MTN issuance and in enquiries after a difficult summer. However the EuroMTN market is still lacking a clear direction as investors are looking to put their money into a wide variety of products.

There was little change in the list of the most actively traded credits in August, according to data released this week by credit broker GFI. The fixed line telecoms sector was the most active in Europe, and the auto sector was the most active in the US.

Bumi Resources returned to the loan market this week with a $1.2bn deal amid concerns that the fall-out from the cancellation of its coal mine sale may jeopardise some of its private financings.

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After a month-long hiatus, the eastern Europe, Middle East and Africa (EEMEA) new bond issue market was reopened in triumphant style this week by Ukreximbank, which sold its $350m Eurobond oversubscribed and at the tight end of guidance.

The US hybrid capital market is gearing up for an onslaught of new issues in September, buoyed by increasing signs that the National Association of Insurance Commissioners will more than likely water down its onerous classification process for hybrids this month.