Barclays

DP World, the Dubai-based global container ports operator, has released price guidance for a dollar benchmark five year bond at 180bp over mid-swaps.

Ghana National Cocoa Board (Cocobod) has entered the early bird senior phase of its annual loan, according to bankers involved in the deal.

Korea Development Bank (KDB) is out in the international debt market this week, hoping to receive better reception than its last dollar bond in September 2014.

Colgate-Palmolive took advantage of strong demand for floating rate notes on Thursday to price a €500m four year FRN, arguably inside where it could have issued a fixed rate bond.

The dollar market is providing public sector issuers with an opportunity for primary issuance as other major currencies — euros and sterling — are wracked with uncertainty.

Federal State of

Mining company Petra Diamonds closed a successful $300m debut deal on Wednesday — the only one from the CEEMEA region this week in dollars or euros. The bond was trading well in the secondary market on Thursday with the order book having drawn over $1.1bn.

Bankers are preparing the ground for the first Turkish covered bond with Akbank and Garanti Bank lining up for issuance. Pricing for both will be wide of the sovereign and the banks are preparing extensive investor roadshows. While funding officials are confident that the bonds will sell well, syndicate bankers question whether they will find a substantial buyer base.

China Energy Reserve and Chemicals Group raised $200m from its inaugural bond, with the issuer choosing to pay up to compensate for a lack of credit rating. The tactic was effective in getting the deal done, although observers said the bond’s subsequent secondary market performance indicated that it might have paid over the odds.

Barclays has hired a director for its SSA syndicate from Deutsche Bank, GlobalCapital understands.

Titanium, fluoroproducts and chemical solutions business Chemours sold $2.5bn of senior unsecured notes on Tuesday, proceeds of which will go to its parent, DuPont, in the form of a dividend.

Sweden priced an oversubscribed $2.25bn three year on Wednesday while a German state attracted strong demand to its debut in the currency.