Bank of America

Dominican Republic increased the size of its dual tranche offering to $2.5bn on Wednesday after strong demand from investors. The sovereign had originally been looking to raise $1.5bn but despite a good reception from the buyside, it paid up to 35bp NIP for the 10 year note, according to bankers.

A good market window brought Reliance Industries bank to the bond market on January 21 with the Indian conglomerate appointing a large syndicate to reward banks who have worked on its loans.

Tele Columbus’s IPO is oversubscribed, with demand coming in at a variety of levels within the €8 to €12 a share range.

Enel, the Italian electricity company, has set the minimum spread for its new 10 year benchmark euro bond at 115bp over mid-swaps, which one banker described as a "very investor-friendly" level.

A $3.1bn piece of Tata Steel’s $5.6bn multi-trancher was signed in December with 34 lenders. The deal has been singled out for praise by many loans bankers for its structuring that led to success despite the borrower operating in the troubled steel sector.

Bond investors said a sell-off in Colombian oil company Pacific Rubiales Energy was overdone, saying fears that the borrower was going to breach its covenants on the back of low oil prices were misguided.

The first full year results for the major US investment banks show that little changed in Q4 — litigation costs and poor trading revenues, particularly in fixed income, are still causing most of the pain.

Dutch cable company Ziggo accelerated its dual currency bond issue to price it on Wednesday after its sister company, Virgin Media of the UK, had sold the first bond of a restructuring plan involving four Liberty Global cable subsidiaries.

Enel, Italy's leading power company, announced on Wednesday that it would issue a benchmark 10 year bond in an exchange offer for up to €5.5bn of existing bonds, as part of a liability management exercise. The transaction is meant to extend Enel's maturity profile.

After a flurry of mid-market leveraged financings, investors are now preparing for the first large cap deal of the new year. SIG Combibloc, the Swiss drinks carton maker, has invited lenders to bank meetings in London and New York.

A HK$55bn ($7bn) bridge loan for Cheung Kong Property, newly-formed from the consolidation of the property businesses of Cheung Kong Group (CK Group) and Hutchison Group, will be syndicated by the two banks supplying the funds.

Export Import Bank of Korea (Kexim) staged a successful return to the international debt market on January 12, selling a SEC registered dual tranche deal that drew over $6bn of demand. Amid high levels of volatility since the start of the new year, bankers chose a good window for the Korean issuer, which achieved its goals for size and pricing.