Citi

Korean battery maker Samsung SDI Co has raised W559.9bn ($525.2m) after offloading its stake in Samsung C&T Corp at the mid-point of guidance, according to sources close to the deal.

The Ontario Teachers’ Finance Trust (OTFT) on Tuesday outdid its dollar debut last year for size, as its second ever international trade clocked in at $2bn.

Equities bankers are trumpeting a wave of new enthusiasm for Africa and two new deals are set to try to capitalise on this momentum.

The sell-off in Russian bonds is battering emerging markets investors, who are seeing the biggest spread widening since sanctions were first imposed on the country in 2014. Not only have the bonds of freshly sanctioned Rusal tanked but other Russian companies are selling off as investors fear they may be next, and the rot is starting to spread to the wider central and eastern Europe region as well.

Saudi and Qatar look to be printing jumbo bonds this week, but the timing of both in the same few days after so many months of waiting is prompting chatter about which sovereign has caused the traffic jam and whether political machinations are behind it.

South Korea’s Samsung SDI Co is looking to clean up its stake in Samsung C&T Corp, launching an up to W565.9bn ($530.4m) block deal on Tuesday evening.

A group of 23 banks opened syndication for Tata Steel’s $1.86bn dual-currency facility on Monday, but only after the deal went through numerous changes on its way to the market.

A rare name will grace the dollar market on Tuesday, coming ahead the minutes of the Federal Open Markets Committee meeting, expected to be released on Wednesday.

Mapletree Greater China Commercial Trust (MGCCT) has hired banks to manage a S$323.1m ($246m) equity raise that will be used to buy some Japanese assets.

Peking University Founder Group Co, BOC Aviation and Yuexiu Property Co are meeting investors for their upcoming bond plans, while China National Chemical Corp’s Swiss subsidiary Syngenta is also gearing up for a mega deal.

Private equity-owned ION Investment Group has been named as the high bidder of the two that have made last minute bids to beat Temenos in the race for UK trading technology company Fidessa.

Two Middle East issuers are roadshowing deals, adding to the flurry of post-Easter CEEMEA new issue announcements.