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The article presents information on international bond issuances in July 2007. A €750 million bond issued by Land Nordrhein-Westfallen has been rated Aa1/AA-/AAA and obtained a spread of 7 bp through mid-swaps. Deutsche Bank and Standard Bank were bookrunners for a $500 million bond issued by Standard Bank of South Africa. Comments from borrowers and bookrunners about the transactions are provided.

The article assesses the performance of the European corporate bond market in 2005 and the market outlook for 2006. According to Gary Jenkins, head of European credit research and fundamental strategy at Deutsche Bank, credit spreads were tight, and lower yields allowed issuers to bring funding at attractive levels in 2005. The downgrade of the credit ratings of General Motors and Ford had greatly affected the favourable issuance conditions in the first part of the year. Telecom Italia became the first corporate issuer to launch a 50-year deal in March.

The article presents a study on the economic data of the Corporate Bond Credit in the U.S. According to the author, movements in the corporate bond spreads are important to many investors and potentially informative forward-looking metrics of market sentiment. The studies reviewed show that more than half of the variation in corporate bond credit spreads is not related to the financial health of the issuing firm, but rather reflects effects such as compensation for liquidity risk.

The article reports on Singapore Technologies Engineering's 500-million issue, becoming the first Singaporean company to enter the international bond market in over two years. The defence and engineering group offer a price of 99.404 for the 10-year bond, with a coupon of 4.8%. The lead managers for the transaction, with a spread at re-offer of 150 basis points over Treasuries, were Deutsche Bank and Morgan Stanley.

The article presents the bookrunners' comment and market appraisal for the bond issued by Motability amounting to £450 million. The bond was launched on April 21, 2009, with a payment date of April 30, 2009 and a maturity date of December 10, 2019. The bond has the issue/re-offer price of 99.865 and its spread at re-offer is 340 basis points (bp) over Gilt.

The article presents the market appraisal for the bond issued by ThyssenKrupp amounting to €500 million. The bond was launched on April 22, 2009, with a payment date of April 29, 2009 and a maturity date of February 2, 2013. The bond has an issue/re-offer price of 103.005 and its spread at re-offer was 335 basis points (bp) over swaps.

The article reports on the launch by Italian banks of senior notes in the last week of October 2013 to take advantage of a sharp tightening in their paper after the country's government was almost toppled last month. Topics covered include the uncertainty of bankers on whether tight spreads on offer will lure Spanish banks, the state of the covered bond market and the 1 billion euros 10 year trade launched by Italian bank Intesa Sanpaolo during the week.

The article reports on the return of South Korean Kookmin Bank to the dollar bond market to sell a 300 million U.S. dollar three year bond in January 2013. The short-term bond had a spread of 105 basis points (bps) over Treasuries. Strong demand for high grade dollar issuance at the short end of the curve was the reason for the tight pricing, according to debt bankers.

The article looks at the state of the European corporate bond market during the week of September 21, 2012. On September 20, there were some sharp spread widening on deals in the market. Spanish gas distribution network Enagas posted one of the strongest books of the week with four billion euros of orders from more than 400 investors. Information on the price guidance of the Enagas deal is provided. Another issuer, Mondi was able to raise 500 million euros in the market.

The article reports on the intention of Russian steel company Severstal to return to the dollar bond market. Alexey Kulichenko, chief financial officer at Severstal, attributed the scenario to the strong market conditions and a tightening of the issuer's spreads. All three ratings agencies have upgraded credit ratings for the company.

The article reports on the issuance of corporate bonds by the German automobile company Bayerische Motoren Werke (BMW) in July 2012. The company will take advantage of the tightening of spreads in the European bond market. Bayerische Landesbank, BNP Paribas, Mitsubishi UFJ Securities and UniCredit served as the deal's lead managers.

The article reports that the sovereign debt crisis in the eurozone has finally affected the investment grade corporate bond market in Europe. The crisis has widened spreads while new issuance amounted to just 250 million euros. The 250-million euro tap of Czech utility Cez was the only issue in euros although investors were turned off by volatility of spreads. Dong Energy decided to postpone its hybrid bond issue.

The article examines prospects for the U.S. dollar corporate bond market in 2009. According to Jim Turner of BNP Paribas, there is a continued downward trend for spreads and Treasury yields. On June 10, ten-year U.S. Treasuries posted a 3.95% yield. Borrowers are being advised by Wall Street syndicate managers to take advantage of low rates and narrowing spreads while they can. It expects a ferocious burst of issuance in the market after Labor Day until Thanksgiving. John Sheehan of Citigroup notes that investors remain receptive to new issues.

The article reports that corporate bonds have broken through the one trillion U.S. dollar mark for the first time in 2009. According to data from Dealogic, the tightening spreads over the last few months have not hindered record issuance. There has been a 22% increase in the issuances of non-financial corporates, which raised 1.1 trillion U.S. dollars. A warning was issued by bankers about the reopening of the primary market in September 2009.

The article presents the bookrunners' comment and market appraisal for the bond issued by Thurgauer Kantonalbank amounting to 200 million Swiss francs. The bond was launched on April 22, 2009, with a payment date of May 20, 2009 and a maturity date of May 20, 2014. The bond is guaranteed by Kanton of Thurgauer and its spread at re-offer is 14 basis points (bp) over mid-swaps.

The article presents the bookrunners' comment and market appraisal for the bond issued by Nestlé Finance International amounting to 250 million Swiss francs. The bond was launched on April 22, 2009, with a payment date of May 29, 2009 and a maturity date of May 29, 2015. The bond has the issue/re-offer price of 100.316 and its spread at re-offer is 25 basis points (bp) over mid-swaps.

The article presents the bookrunners' comment and market appraisal for the bond issued by Rolls-Royce amounting to £500 million. The bond was launched on April 23, 2009, with a payment date of April 20, 2009 and a maturity date of April 30, 2019. The bond has the issue/re-offer price of 99.028 and its spread at re-offer is 325 basis points (bp) over 4.5% March 2019 Gilt.

The article presents the bookrunners' comment and market appraisal for the bond issued by Holcim amounting to £300 million. The bond was launched on April 17, 2009, with a payment date of April 24, 2009 and a maturity date of April 24, 2017. The bond has the issue/re-offer price of 100.00 and its spread at re-offer is 572.7 basis points (bp) over Gilts, 485-490bp.

The article presents the borrower's and bookrunners' comments for the bond issued by Instituto de Crédito Oficial amounting to ¥50 billion Samurai. The bond was launched on April 17, 2009, with a payment date of April 23, 2009 and a maturity date of April 23, 2014. The bond has the issue/re-offer price of 100.00 and its spread at re-offer is six month yen Libor plus 60 basis points (bp).

The article presents the bookrunners' comment and market appraisal for the bond issued by Portugal Telecom amounting to €1 billion. The bond was launched on April 23, 2009, with a payment date of April 30, 2009 and a maturity date of April 30, 2013. The bond has over mid-swaps equivalent to 378.3 basis points (bp) over the Obl 152. Its spread at re-offer is 345bp over mid-swaps.

This article reports on the tightening of several new issues' spreads before and after pricing during the week of April 24, 2009 as a result of strong demand for corporate bonds. The &Euro;1 billion (bn) four year transaction from Portugal Telecom is considered the largest deal of the week which attracted an order book of &Euro;7bn. Other deals that tightened dramatically include those from Adecco International Finance, Accor and Bertelsmann.

The article presents the bookrunners' comment on the 375 million Swiss francs bond issue of Nestlé Finance International, which was launched on March 18, 2009 and will mature on April 24, 2012. he bookrunners reported that they added a couple of basis points to allow for the forward effect. They added that because the payment date is at the end of April, the spread at payment will be the equivalent of 15bp or 16bp.

The article highlights the author's views on the condition of the corporate bond market during the global economic crisis. It describes the condition of the corporate bond market in relation to global turmoil. It argues that the generous spreads and a course of utilities transactions helped the market to recover in the final weeks of 2008. The author argues that implementing the priced-to-perform initiative helped the market to recover and continuously operate.

The article examines government securities prices. Yields on U.S. Treasury bonds are at historic lows of less than one percent as investors have sought a safe haven during the financial crisis. Government securities yields have begun to rise in early 2009, however, as the spread between those rates and the returns offered by stock dividends and corporate bonds grew to levels of over 3 percent.

The article reports that bad news about financial names spread throughout the U.S. markets, climaxing in a frenzy of speculation about the fate of the government sponsored enterprises Fannie Mae and Freddie Mac. The sentiment regarding financial credits is now as bad as it was before the collapse of Bear Stearns. Broker/dealers and banks would be hard pressed to issue in this market without enormous spreads.

The article reports on the refusal of new borrowers to enter the U.S. corporate bond market despite relatively benign conditions. According to the article, equities were stable, spreads looked good and absolute levels even better, yet no new borrowers were prepared to risk entering. A syndicate official at one Wall Street firm says that the borrowers want to see someone else go first before entering the market.

The article the reports on the response of the U.S. corporate bond market to the policy statement of the Federal Open Market Committee (FOMC) and its decision to increase interest rates. According to a syndicate head in New York, stocks soared to 200 points and credit spreads are in better position. The Treasury reversed its inversion due to expectations of an end to rate increases. The FOMC statement was not able to save the $300 million 10 year bond from Willis Group because it came too late.

The article offers updates on the economic performance of the Build America Bonds (BABs) in the U.S. in 2009. It is stated that in April, the taxable municipal bonds issued under the BAB program delivered higher yields compared to other investment-grade corporate bonds from emerging economies. However, after a sharp rally, BAB spreads have reduced due to the growing familiarity with the product.