Citi

The summer MTN market has been dominated by niche currency issuance from supranationals.

Public sector issuers are taking advantage of strong summer conditions in the dollar market to bring green and arbitrage-style deals, with more issuance expected next week.

Sunac China Holdings raised $1bn on Wednesday from a dual-tranche bond, despite a lot of market talk about the company this year. Bankers said the deal's success showed investors’ confidence in the company, but analysts argued the issuer left enough on the table to get demand.

Dubai’s state-owned energy group Emirates National Oil Co (Enoc) has secured a $500m revolving credit facility from a club of seven banks to fund its growth plans for Dubai's coming Expo 2020.

Goldman boosts China focus — Mizuho loses syndicate banker — ANZ names Laos CEO — Levfin departure at BAML — HSBC’s REF head resigns — StanChart hires from Citi India

Canara Bank is offering investors starved of paper from India’s FIG sector something to feast on, marketing a senior five year bond on Thursday.

A veteran loan syndications banker at Citi in India is understood to have quit to take up a bigger role in Standard Chartered.

Iraq had revised pricing to 7% area for its long awaited dollar bond on Wednesday after the low-7% starting point prompted debate among deal watchers.

Hong Kong-listed Sunac China Holdings has set its sights on the debt market for a dual tranche dollar bond, one week after sealing a HK$4.03bn ($516.2m) top-up placement.

The dollar market is grinding on throughout the summer, with public sector borrowers pushing out deals at the short end, although none have been in benchmark size this week. Two issuers launched transactions on Tuesday with a third slated to follow on Wednesday.

Basque telecoms firm Euskaltel gained access to a third market in northern Spain after the acquisition of Telecable from Zegona Communications, which it is funding with loans and equity.

South Korea’s KT Corp grabbed $400m from its bullet bond on Monday through a smooth transaction in an otherwise quiet day for primary issuance.