Banks

Kosmos Energy hit screens on Thursday, announcing a new dollar bond which was also the borrower’s first since 2015.

The Bank of Georgia has mandated banks for an additional tier one deal — its debut in the format.

Bank of America has appointed two co-heads of UK investment banking.

China’s state-owned ‘bad debt’ managers are making a comeback in the offshore market, after a rally in the sector. China Orient Asset Management Co this week became the second in a month to price bonds and there are more deals on the way. Addison Gong reports.

It has been a good week for Latin American issuers in Swissies, with two banks from the region taking Sfr400m ($398m) out of the market on Tuesday and Wednesday, bringing total issuance from the region for the year up to Sfr875m.

The Ivory Coast is set to tap the loan market to raise long-term financing. Market spectators were confident about the sovereign's chances. Its currency peg against the euro has proved attractive to both investors and lenders in recent years.

Dubai-based payments company Network International has kicked off investor education for its IPO on the London Stock Exchange, which is expected to value the business in the region of $3bn, according to a source close to the deal.

China’s industrial gas supplier Yingde Gases Group has launched a $300m borrowing into general syndication.

The extraordinary conditions in Europe’s investment grade corporate bond market, in which three issuers in succession had printed multi-tranche bonds this week with no new issue premiums, produced a new bizarre result on Wednesday when Sanofi, one of the market’s tightest-trading issuers, took its turn.

Oleg Tinkoff sold $150m worth of London-listed Global Depository Receipts in TCS Group Holding on, the Russian financial services company that controls Tinkoff Bank on Tuesday night.

The logic for a merger between Deutsche Bank and Commerzbank still looks far from convincing, despite the wishes of Germany’s political elite, writes David Rothnie.

Municipality Finance (Muni Fin) printed a $1bn no-grow short five year bond on Wednesday, joining World Bank at the tenor in a dollar market that bankers said has offered something for everyone this week.