Bank of America

A pair of supranationals enjoyed strong liquidity at the short end of the curve. The Asian Development Bank priced a long two year early in the week, days after the World Bank printed a similar maturity with both deals attracting enough demand to be increased from the minimum target size.

Huvepharma - Orion Engineered Carbons - Delek Group - Emsland – Stärke

Delek Group, the Israeli energy conglomerate, has allocated the €655m loan that backs TDR Capital’s purchase of its petrol station and convenience store operations in Benelux and France.

The Asian arm of Louis Dreyfus Commodities has closed syndication of its three year revolver at $500m, higher than its launch size of $300m, with the borrower’s relationship banks coming into the deal.

Cosmetics packager HCP Global is targeting a US syndication for a $380m financing, banking on a strong reception from a market that is happy to invest in cov-lite deals. The facility is split into three and has a trio of banks at the top level.

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.