Barclays

Pakistan returned to the bond market on Tuesday night with a $2bn dual trancher that attracted US investors, as the frontier economy ended a seven year exile from capital markets. The reception from Asian accounts was a little cooler, however.

LotSynergy, a technology company dedicated to the lottery business in China, priced an investor friendly convertible on Wednesday, relying mostly on long only accounts due to a lack of stock borrow available.

With Indian credits now back in favour, State Bank of India looks set to make a positive re-entry into the dollar market.

After a wave of high profile sovereign issues from Sri Lanka and Pakistan, a number of emerging market corporates look set to enter the market. Investor appetite for diversification is strong and global confidence in emerging markets is returning.

Mexican state-owned oil company Petróleos Mexicanos tightened pricing aggressively on its return to the euro market to clinch a €1bn 12 year at a new issue concession of zero, according to bankers on the deal.

FGA Capital, the car finance company jointly owned by Fiat and Credit Agricole, sold another blowout bond today, after a run of highly sought-after deals.

Petróleos Mexicanos opened books on a euro benchmark bond on Wednesday morning, after ending a four year absence from that currency late last year. The borrower is pushing out its euro curve with a 12 year bond to take advantage of the thirst among German and French investment grade accounts for longer dated, higher yield paper, said bankers on the bond.

Pakistan made an impressive return to the bond market on Tuesday night with a $2bn dual trancher that was well received by US investors though received a cooler reception from Asian accounts as the frontier economy ended a seven year exile from the capital markets.

Atlas Mara, co-founded by Bob Diamond, has poached John Vitalo from Barclays to fill the vacancy for a CEO.

LotSynergy, a technology company dedicated to the lottery business in China, priced an investor friendly convertible this morning, relying mostly on long only accounts, due to a lack of stock borrow available.

Woori Bank has picked banks for what would be South Korea’s first US dollar Basel III offering.

Zambia’s new 10 year dollar bond was trading up in the secondary market on Tuesday after attracting $4.3bn in orders for its $1bn print. Debt bankers on the bond were surprised by the strong reception given Zambia’s financial difficulties, which bodes well for African borrowers with stronger credit metrics.