Citi

KfW mandated banks on Monday for the first euro benchmark in the public sector market from a supranational or agency in two weeks.

Österreichische Kontrollbank will complete its benchmark funding for the year with a no-grow $1bn five year. Meanwhile, Erste Abwicklungsanstalt has lined up its second dollar deal of the year in the three year part of the curve.

The European Stability Mechanism’s second ever dollar benchmark scored an overall average of 6.83 on BondMarker, amid a general trend of lower scores from public sector borrowers.

Bahrain’s Oil and Gas Holding Company (Nogaholding) is expected to open books on a dual tranche dollar bond as soon as Wednesday, in the country’s first test of debt markets since the government received $10bn in support from its neighbours.

Four mainland technology companies kicked off pre-deal investor education for their Hong Kong IPOs on Monday, gauging the market’s appetite ahead of bookbuilding in early November, according to sources close to the listings.

360 Finance has filed for a $200m IPO on the New York Stock Exchange through Citi and Goldman Sachs.

Chinese local government financing vehicle (LGFV) Gansu Provincial Highway Aviation Tourism Investment Group Co raised $150m from a tap on Thursday, getting ahead of potential supply expected from the sector next week.

Rating: B2/—/B+

Ukraine raised $2bn with a dual tranche offering on Thursday, returning to capital markets in benchmark size for the first time in more than a year, fresh from its agreement with the International Monetary Fund (IMF).

Some Schuldschein investors claim a slew of transactions being shown to lenders have reached their desks only because the arrangers are trying to sell on their own exposure to troubled borrowers. But deal arrangers have reacted forcefully, and said such claims are sheer fantasy. Silas Brown reports.

The hefty chunk of SRI bond supply from the public sector in the second half of the year shows no signs of slowing down, with plenty in the pipeline — including from a debut issuer.

Two Middle Eastern borrowers printed seven year sukuk dollar benchmarks on Wednesday, restarting the market after a few weeks of flagging issuance.