UniCredit

The European Union proved that for the right issuers there is considerable demand at the 15 year point of the curve, with the Joint Länder planning a return to the market with a seven year benchmark for the first time since a mooted deal in February stalled.

The European Investment Bank built a book of €8bn for a 10 year Earn on Tuesday as the 10 year Bund yield fell to a 12 month low, leading bankers on the deal to suggest tougher times may lie ahead for euro issuers.

The phenomenal levels of demand hitting the investment grade corporate bond market were evident again on Tuesday, as German property firm Alstria Office was vindicated in delaying its €500m offering.

The past few years have seen substantial activity in Germany’s Schuldschein market. With bond markets roiled by volatility and negative yields, many investors — including an increasing number of international players — are seeing Schuldscheine as an attractive alternative, and 2016 looks set to be one of the market’s biggest years yet, says Rudolf Bayer¬, Managing Director, and Jörg Stührwohldt, Managing Director, at UniCredit.

Four banks underwrote the $3bn prepayment facility for Swiss commodity trader Vitol to buy oil from Kazakhstan's KazMunaiGas (KMG).

ChemChina gave 11 banks allocations in the $20bn tranche of its Syngenta acquisition loan on Thursday, bringing the total number of banks in the syndicate to 16.

An investor relations manager at Banca Popolare di Vicenza told GlobalCapital on Thursday that the bank still intended to launch its IPO in early April, and to complete it by the end of the month. He called a UniCredit statement casting doubt on that timetable unhelpful.

A slew of unusual CEEMEA issuers this week announced plans to meet with investors: Global Ports Investments, Kenya, Ahli Bank Qatar and Alternatifbank. Some are specified as non-deal meetings while others are focussed on specific deals.

ChemChina gave 11 banks allocations in the $20bn tranche of its Syngenta acquisition loan on Thursday, bringing the total number of banks in the syndicate to 16.

An investor relations manager at Banca Popolare di Vicenza told GlobalCapital on Thursday that the bank still intended to launch its IPO in early April, and to complete it by the end of the month. He called a UniCredit statement casting doubt on that timetable unhelpful.

German wind turbine manufacturer Nordex has become the first borrower to issue an accredited green Schuldschein, leading the way for more deals to come.

Russian container terminal operator Global Ports Investments has mandated six banks for its debut Eurobond and is embarking on a roadshow for the deal. The last time a debut issuer from the country tapped the bond markets was in 2013.