Citi

UK car parts maker TI Group Automotive Systems, owned by Bain Capital, wants out of the high yield bond market and is planning to redeem its only issue by increasing its term loans.

ASA International, a microfinance institution backed by private equity firm Sequoia Amsterdam, is seeking to become Europe’s first publicly listed microfinance company, through a premium listing on the London Stock Exchange.

Non-bank lender Hinduja Leyland Finance is making a second attempt at listing in India, some two years after it first filed a draft prospectus.

Xiaomi Corp has said that about half of its expected $10bn dual listing in Hong Kong and China will come from the offering of China Depositary Receipts to Mainland investors.

Guarantor: Swedish local government members

Public sector borrowers looking for dollar funding are likely to have to go even shorter than they have been used to after this week’s Federal Open Market Committee meeting, said SSA bankers.

Two issuers from the CEEMEA region — Bulgarian Energy Holding and Ecobank Transnational Inc — have mandated banks for new bonds and are embarking on roadshows, breaking the wait-and-see mode that the market had slipped into over the last week.

Citi has made a number of senior changes to its Asia Pacific financial institutions group (FIG), according to internal memos seen by GlobalCapital Asia.

The pipeline of Indian loans is building up, with Housing Development Finance Corp and Kotak Mahindra Bank seeking new fundraisings.

Industrial and Commercial Bank of China (Asia) on Wednesday priced a triple-tranche green bond. But the deal, comparatively smaller than recent issues at $730m equivalent, had a moment of intrigue when one global co-ordinator left the syndicate group.

Bank of China’s Luxembourg branch has signed a $1.05bn syndicated loan after launching the deal at half that amount in the latest display of lenders scrambling to allocate funds.

Kommuninvest on Tuesday took advantage of a quiet dollar market to sell its largest ever deal, despite only offering a concession of 2bp, according to the lead managers.