Citi

International investors were eyeing the first Kazakh tenge trade to be cleared by Euroclear on Thursday.

China Citic Bank Corp rolled out a four-tranche transaction on Thursday after a roadshow spanning Hong Kong, Singapore and London. Meanwhile, India’s ICICI Bank is marketing a 10 year bullet through its Dubai branch.

The Republic of Iceland looks set to bring its first syndication in over three years before the year end, after mandating banks on Wednesday to run a euro trade.

Citigroup has hired Majed Al-Hassoun to spearhead the relaunch of its investment banking effort in Saudi Arabia.

The Republic of Indonesia grabbed $4bn on Monday from its first SEC-registered bond, pricing all the three tranches within its curve while also diversifying its investor base.

A $575m loan for Twin Star Mauritius, a subsidiary of mining company Vedanta Resources, has attracted two commitments since its launch into general syndication in September. But the deal remains open to participants with a few more lenders expected to chip in, said two bankers close to the matter.

The Republic of Indonesia is back for its fourth outing in the international debt market this year. But the sovereign is offering something a little different to investors this time around, taking bids for its first SEC-registered bond.

A handful of Chinese issuers are set to go on roadshows next week to gauge investor interest for their offshore bonds.

Mahindra & Mahindra Financial Services has received “phenomenal” demand for its Rp11bn ($171m) overnight capital increase, which closed about two to three times covered, said a banker on the deal.

Gansu Provincial Highway Aviation Tourism Investment Group Co, a Chinese local government financing vehicle (LGFV), opted to hit the euro market to diversity into a different investor base, despite having to pay a decent premium for its debut status in the currency and a weak credit rating.

BMW Automotive Finance (China) Co made it three and done in the ABS market this week, selling a Rmb4bn ($605.4m) transaction which had a very similar structure to its last offer in the market.

Greece was able to exchange more than €25bn of old bonds for new assets in an exercise designed to normalise the borrower’s curve. The offer ended on Tuesday, in the midst of discussions about the conditions that will be attached to Greece’s next tranche of emergency loans. The fresh curve should allow the borrower to return to capital markets twice in 2018.