Banks

Russian giant Gazprom and Ukrainian oil and gas firm Naftogaz, who have been locking horns in court, both chose Tuesday to release price guidance for new Eurobonds. The Gazprom deal will be the first public international bond from a Russian issuer since the US sanctions that shook the market in April. The Naftogaz bond is its first since 2009.

In a further sign that the European leveraged loan market is approaching the end of the year on a hot note, trading software provider OpenLink is looking to reduce the spread on the leveraged buyout loans it sold in March.

CEZ, a Czech utility company, came to market for four year euros on Tuesday, returning to the currency for its largest deal since 2013.

Nigeria hit screens on Monday afternoon to announce a roadshow for a triple tranche dollar bond, confirming rumours of a planned capital markets return that began circulating last week.

Mizuho has put in place a replacement for Farris Mellor, director of loan sales, EMEA syndications, who left the bank in August. The hire squashes fears that the bank may have been looking to use Mellor’s departure as an opportunity to reduce the team headcount.

DBS has made several senior staff moves ahead of the retirement of Jeanette Wong, group head of institutional banking (IBG), next March.

Two Hong Kong IPO hopefuls have taken different approaches to their transactions. Tencent-backed Tongcheng-Elong Holdings launched its smaller listing of up to HK$1.8bn ($232.4m) on Tuesday, while Babytree has put its planned float on hold.

High yield issuers’ struggle to push out deals in turbulent market conditions was reflected when Singapore’s Interplex Holdings was forced to cancel its inaugural dollar offering.

Crédit Agricole was marketing five tranches of Euroyen bonds this week, following a very popular offering in the format from BNP Paribas earlier this year.

CSSC Shipping Co, a subsidiary of China State Shipbuilding Corp, has filed a draft IPO prospectus in Hong Kong through sole sponsor CICC.

Taiwan’s Mei Ta Industries has closed a €245m loan, attracting five participants during syndication.

Chinese paper manufacturer Youyuan International Holdings is seeking commitments for a $120m refinancing loan, wooing banks with a juicier margin when compared to its last fundraise.