Citi

Citi has promoted Stella Choe to the position of head of corporate banking for Australia and New Zealand, succeeding Shane Taylor who is retiring from the firm, according to an internal memo seen by GlobalCapital Asia.

A pair of eurozone periphery SSAs are tackling opposite ends of the euro curve this week. Italy will launch a 30 year benchmark on Wednesday, while a Spanish agency drew a doubly subscribed book for a three year.

Three consecutive sole bookrunner mandates in Latin America have left Citi flying at the top of both the LatAm and the EM bond bookrunner charts.

China Merchants Bank printed its inaugural international floating rate note this week, becoming the first joint stock bank from the country to do so. It priced its bonds close to fair value.

South Korea’s GS Caltex Corp bagged a $400m five year deal on Monday, securing buy-side support thanks to its credentials, despite a soft market backdrop.

China Everbright Bank’s Hong Kong branch launched a new dollar three year floater on Tuesday morning, just a few months after sealing a $500m 2020 fixed deal.

Packaging maker Ardagh Group will repay its 2021 dollar floater with a £400m sterling bond printed on Friday, following heavy oversubscriptions of recent sterling deals.

Korean Air Lines is trying to take off with a new dollar bond following an aborted attempt in September last year. Also on Monday, GS Caltex Corp is out with a five year 144A/Reg S deal, while SOCAM Development has reopened its recent notes.

Singaporean broadband provider NetLink Trust is set to begin investor education this week for its IPO, which could raise around $1.5bn, according to a banker close to the deal.

Mainland banks continue to be active in the floating rate bond market, with China Merchants Bank Co looking to sell its inaugural dollar FRN on Monday.

For the second time this year Norilsk Nickel tried to push its luck with pricing, only to find that investors would not support it through to the tight end of guidance.

Citi has picked Munir Nanji to head its Global Subsidiaries Group (GSG) for Asia Pacific, as the bank aims for a slice of the growing intra-Asia trade flows of its multinational clients.