Search results for

The over 10 year tenor was the most popular maturity. Just less than $3.2bn was issued in this term, a 28% share of the market. However, the majority of these trades were callable and show investors continuing interest in that type of note. Supranationals issued the greatest volumes in this maturity, coming to market with nine notes for upwards of $450m. The World Bank was especially active, issuing three yen trades. The largest of these was a ¥5bn note that goes out 30 years. Also issuing among the supranationals was the Asian Development Bank, coming with two notes. Its dollar trade was a $100m issue that matures in May 2015.

Triple-A credits issued the lion's share of issuance this week. The top rated names came with over $3.3bn from 126 trades, a 31% share of the market. German borrowers were the most active among the triple-As, coming with 26 trades for over $811m. Kreditanstalt für Wiederaufbau led the charge, issuing 26 notes. The largest of its trades, and the only dollar note, was a $125m trade that matures in May 2028.

Rating: Aaa/AAA Amount: Eu80m (fungible with 10 issues totalling Eu2.037bn first launched 13/03/02)

Rating: Aa3/A+/AA- Amount: $300m (fungible with two issues totalling $700m issue launched 10/01/03 and 26/02/03)

Rating: Aa1/AA-/AA Amount: $750m

Citigroup continues to hold a huge lead in both tables, but unlike last week the US house was pegged back slightly over the last seven days. Citigroup's weekly increase stood at $354m while its nearest rival JP Morgan was active on trades worth $718m. Five houses raised their positions in league table one. Morgan Stanley was the highest climber, moving from fourth to third, principally on the back of an increase in structured note enquiry.

The books will close imminently on the £1.5bn loan for Compass Granada, which has been comfortably oversubscribed. Banks have been invited to join the deal with takes of £70m for 20bp and £35m for 15bp. The out of the box margin is 45bp over Libor.

Amount: Eu300m subordinated debt Maturity: May 16, 2023

Standard Chartered has completed a HK$750m 3-1/2 year term loan for Shanghai Jing Fu Property, an SPV in China guaranteed by Edward Wong Development Co, Shui On Co and Shun Hing Holdings. The arranger contributed HK$300m.

Banks are forming groups to bid for the arranging mandate on the Ckr9bn financing for Prague Airport. Bidders are uncertain as to whether the deal will be structured as a project or corporate credit. The EIB will also be involved in the financing.

Amount: Eu683m Legal maturity: January 24, 2024