Further risky companies are expected to brave the European bond markets in the coming weeks after strong demand for new issues this week.

Hella, the junk-rated German car parts supplier, on Tuesday issued €300m ($445m) in five-year bonds while a three-tranche deal from Heidelberg Cement, worth up to €2bn, is due to price today. On Tuesday, Heidelberg increased its deal to include a 10-year tranche after investor inquiries.