Citi

Italian telecoms firm Wind called on the high yield market on Wednesday, as it planned to refinance most of its debt with a dual currency five tranche offering, deploying 20 bookrunners in the process.

Bahrain’s Oil and Gas Holding Company (Noga) had taken books of $2.6bn for its debut 10 year bond on Wednesday, while bankers debated the significance of the spread over the Bahraini sovereign.

A $2.5bn refinancing by Reliance Industries (RIL) and its telecommunications arm, Reliance Jio Infocomm, has been opened to retail participants.

Chinese micro-lender Qudian has bagged $900m from its US listing, after robust demand allowed it to price the stock above the initial range, according to a banker close to the deal.

China Merchants Bank has named the leads on its proposed dollar additional tier one transaction, two months after receiving regulatory approval.

Three agencies launched short end dollar transactions on Tuesday, two of which managed to pull their spreads into impressively tight levels.

Emboldened by the ability of its neighbour Tajikistan to access the capital markets, Uzbekistan is preparing ground to secure its first sovereign rating, with a view to issuing a Eurobond in the future, according to sources.

Malaysia’s Press Metal Aluminium Holdings has mandated banks for its maiden foray into the dollar bond market.

Agencies from the Netherlands, France and Germany are set to come to market on Tuesday for short dated dollar deals.

Digi Communications’ Hungarian subsidiary signed a €200m bridge loan on Friday to finance its acquisition of compatriot communications company Invitel Tavkozlesi, a subsidiary of Invitel group. The lead banks have launched the syndication and held a bank meeting on Tuesday.

Piramal Enterprises has closed what bankers are touting as the first offering of mandatory convertible bonds in India through a qualified institutional placement, with the deal bagging close to $1bn in investor orders.

China's PPDAI Group, an online platform for peer-to-peer loans, is sounding out investors for its $350m listing of American Depositary Shares on the New York Stock Exchange.