The UK's Royal London Mutual Insurance Society and Nordic insurer Tryg Forsikring today contributed to one of the busiest weeks in the corporate bond markets, after unveiling plans to issue debt to take advantage of cheap funding conditions.

Royal London has appointed Merrill Lynch and UBS to arrange a hybrid bond, the closest form of debt to equity, while Tryg Forsikring has named ABN Amro, Nordea and SG Corporate and Investment Bank to lead manage a similar bond issue.