Citi

Public Investment Fund, the sovereign wealth fund that invests for the government of Saudi Arabia, is seeking global bank lenders for a debut loan. Banks, short of new deals in the region and eager to get closer to a country growing more reliant on capital markets, have been quick to show their interest. Silas Brown reports.

HDFC Asset Management Co has raked in Rp28bn ($407.9m) from its IPO after a big show of demand from institutional and non-institutional investors.

Housing Development Finance Corporation has launched a $750m loan into general syndication, after attracting one extra bank at the senior level.

A storming first half for deal making in Europe is set to run into the rest of the year as banks report full pipelines and high levels of corporate confidence. But not all firms are benefiting, writes David Rothnie.

China Mengniu Dairy Co found exceptional support from European investors for its $500m refinancing exercise on Tuesday.

MUFG Bank has named Manoj Bhatia as head of global subsidiary banking for Asia and Oceania, effective August 1.

A pair of taps from the Council of Europe Development Bank (CEB) and KfW on Tuesday — ahead of the Bank of England’s expected rate rise later this week — ensured the non-UK sterling SSA market remains on track for a record year of issuance.

World Bank’s $5bn July 2021 was the solitary benchmark available for BondMarker scoring in the week commencing July 16 — and voters rewarded the supranational for picking a window that it had all to itself.

HDFC Asset Management Co is set to raise Rp28bn ($407.5m) from its IPO after a vast show of demand from institutions and non-institutional investors, according to a source close to the deal.

Chinese internet firm NetEase is tapping the international loan market for the first time, seeking a $500m revolving credit facility.

Gansu Provincial Highway Aviation Tourism Investment Group, a Chinese local government financing vehicle (LGFV), secured a $350m bond on Thursday, proving that not all LGFVs are locked out of the dollar market.

Industrial Bank of Korea has sold its first social bond, but only after months of waiting for the market to calm.