Citi
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The Securities and Exchange Board of India has put the IPO plans of real estate company Lodha Developers on hold while it examines "past violations". -
Automotive components manufacturer Varroc Engineering has launched bookbuilding for its potential Rp19.6bn ($287.8m) India IPO.
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France is set to revisit the SRI market, announcing a syndicated tap of its June 2039 Green OAT, or GrOAT. The deal will follow a German agency's annual green bond.
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A pair of borrowers have hit screens for euro benchmarks to be sold during Tuesday’s session, but another nipped in ahead of the rush to price on Monday.
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Speciality chemicals maker Synthomer and hotel group Radisson Hospitality began roadshows for debut high yield bond offerings in the European market this week, undaunted by recent investor pushback. Meanwhile, Smurfit Kappa, the packaging group, added LBO funding to the high yield pipeline.
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Ganfeng Lithium will start pre-deal investor education for its IPO in Hong Kong on Tuesday ahead of an expected $1bn fundraising.
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With much of the great and good of the public sector markets busy at the Euromoney Global Borrowers and Bond Investors Forum in London (see page 6 for full coverage), deals were thin on the ground this week. But one Nordic agency was able to build its largest ever order book in dollars and, with conditions looking strong, both that currency and euros are likely to be packed next week, said bankers.
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Attractive pricing in the dollar loan market is pushing Indonesian borrowers offshore, despite guidance from the country’s central bank to curb foreign currency debt exposure.
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South Korea’s GS Caltex Corp had five times the demand for its $300m bond on Wednesday, allowing it to pull off an exceptional 30bp price tightening.
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Finnvera has become the first European SSA borrower to print a five year dollar benchmark since early March, picking up $1bn with a Reg S/144A benchmark.
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JP Morgan has hired a pair of traders for CEEMEA equities trading from Citi — Mark Coetzee and Gil Peleg. The hires are the latest in a list of changes taking place in that division, as the bank seeks to grow the business..
