Bank of America

Lloyds Bank has completed the non-US portion of its exchange of tier two capital instruments for CRD IV-compliant additional tier one, and succeeded in increasing the capital-raising.

Aluminium manufacturers China Zhongwang Holdings and China Hongqiao Group have entered the loan market in quick succession, with both companies launching three year facilities into syndication.

SBI Capital Markets has joined as a mandated lead arranger and bookrunner on its parent State Bank of India’s $390m loan ahead of a general launch on March 18, but is yet to commit a firm amount.

RCI Banque, once a frequent issuer of declining credit quality whose bond issues aroused little excitement among investors, returned to the market today after a 10 month absence and was greeted like a long lost friend.

Kevin McLoughlin has joined Bank of America Merrill Lynch’s financial institutions investment banking team as head of global insurance investment banking.

A rapid decline in Argentina’s dollar reserves pushed the sovereign into C territory with Moody’s on Monday but the downgrade is at odds with investor sentiment in the country, according to some analysts.

Indonesia’s CT Corp has wrapped up syndication of its $1.275bn fundraising, netting commitments worth $555m from a group of 19 banks.

The International Finance Corporation is reopening its London-listed January 2017 dim sum bond for an additional Rmb1bn ($163m), doubling the total size of the issue. The deal comes just two weeks after the IFC priced the original bond.

China Zhongwang Holdings opened up a $500m three year term loan to the market on Friday, March 14, via six mandated lead arrangers and bookrunners. But for lenders eyeing the deal, the top level is still up for grabs.

Bank of America Merrill Lynch has appointed a new MD in FIG DCM, shortly after the departures of Julia Hoggett and Daniel Bell, head of financials flow financing and new products respectively.

LatAm syndicate bankers say they believe this week’s three deals from financial issuers are a sign of more supply to come from the sector as Brazil’s Banco Daycoval received such strong demand that it printed $500m on Wednesday having originally intended to sell a bond of less than benchmark size.

Gulf Marine Services is set to raise £66.9m through its initial public offering, having priced its shares at 165p.