Citi
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Dollar borrowers wrapped up their funding projects before the July 4 holiday weekend and dodged a global sell-off as central bankers pointed to the end of monetary stimulus.
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Citigroup has hired its third senior banker in a week with the appointment of the former co-head of Deutsche Bank’s European corporate finance business.
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The Loan Market Association has appointed four new board directors following its annual general meeting on Wednesday.
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Indonesia has announced plans to meet investors in continental Europe next week ahead of a potential dual tranche euro and dollar bond placement.
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Haitong Securities filed a draft prospectus in Hong Kong on Wednesday for the spin off and listing of its leasing unit Haitong UniTrust. The IPO is expected to raise around $500m, according to a banker close to the deal.
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Kazakhstan’s Nostrum is planning a combined debt buy-back and new issue, and will meet investors from Monday and will be hoping to emulate the success of national oil champion KazMunayGas in April this year.
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Naspers returned to the eurobond market after a two year absence on Thursday, releasing initial price thoughts for a new dollar benchmark.
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Argentina’s largest private energy company Pampa Energía wrapped up investor meetings with a lunch in New York on Wednesday but is yet to issue initial price thoughts on a planned fixed rate peso-linked international bond.
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Agence Française de Développement has passed its first capital markets test since asking for permission to change its banking licence, raising €1bn with a 15 year deal on Wednesday. The choice of tenor may have helped alleviate any immediate problems over its status switch, said a person close to the deal.
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The Inter-American Development Bank sent SSA bankers into rapturous applause on Wednesday as it reopened the 10 year part of the dollar curve for richer names with what Dealogic data shows is its largest ever global benchmark in the tenor.
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Russia’s EuroChem once again appeared to prove on Monday that it can squeeze bond investors for every last basis point and get away with it, but one of the bookrunners ended up owning up to half of the deal.
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Though some bankers have detected a cooling of investors’ thirst for European IPOs in recent weeks, the right names are still flying off the shelves. Delivery Hero, the online food ordering service, is guiding investors in its €866m deal to the top of the price range, and shares in restaurant chain Vapiano rose on their debut.