Bank of America

Export Import Bank of Korea (Kexim) raised $1bn with a dual tranche bond on Tuesday, pricing through its curve for the five year tranche. But even though the issuer went out with a SEC-registered deal, the bulk of the demand still came from Asian accounts.

Retail investors gave China Rundong Automobile Group’s HK$962m ($124m) IPO the cold shoulder as their tranche ended up only 32% covered. Luckily for the car dealer, there was enough interest from institutional accounts to make up the gap, allowing it to seal the deal on Wednesday.

Colombian infrastructure lender Findeter (Financiera de Desarrollo Territorial) triggered hopes that local currency denominated debt may be back on the menu in Latin America after a hiatus of more than a year after it raised $500m-equivalent in Colombian pesos on Wednesday.

Telecommunications giant Bharti Airtel is selling a 2.4% stake in its majority-owned subsidiary Bharti Infratel, with early indications from investors already enough to suggest that the Rp11.25bn ($183.4m) offer-for-sale (OFS) will get done.

Akbank has decided not to push tighter on pricing than its previous loan deal as it leads the year’s second wave of Turkish bank refinancings, closely pursued by Isbank and Yapi Kredi.

Export Import Bank of Korea (Kexim) raised $1bn with a dual-tranche bond on August 5, pricing through its curve for the five year tranche. But even though the issuer went out with a SEC-registered deal, the bulk of the demand still came from Asian accounts.

Export Import Bank of Korea (Kexim) returned to the market on August 5, opening books to a SEC -egistered dual tranche benchmark transaction that is split between a five year and a 12 year.

Colombian infrastructure lender Findeter (Financiera de Desarrollo Territorial) confirmed that it plans to sell its debut international bond in global peso format this week, surprising bankers and sparking hopes of a revival in global local currency issuance.

Landlocked South American sovereign Paraguay surprised some with its timing by issuing its second ever international bond on Monday. But though bankers away from the deal said the 30 year deal created a steep curve, others said the borrower’s strategy was spot-on.

Latin American development bank Corporación Andina de Fomento (CAF) opted to return to the dollar market with a $1bn three year on Tuesday, opting for a fixed rate note rather than an FRN because it wanted to issue a large benchmark.

Peruvian fishmeal and fish oil producer Corporación Pesquera Inca (Copeinca) has extended the deadline for bondholders to consent to changes in its indenture that will allow owner China Fishery Group more freedom over the company.

Brazilian low-cost airline GOL Linhas Aéreas Inteligentes (GOL) has bought back $186.6m of dollar bonds, the company said.