Citi

Kenya has signed a $1bn loan, an increase on the initial launch amount, with around 20 banks, said a banker on the deal.

The Asian Development Bank on Wednesday hit the $4bn mark for the first time with a dollar benchmark, taking advantage of a dearth of supply and offering a bit of juice to harvest a hefty amount of cash.

Elation in the euro markets after the first round of the French presidential election at the weekend continues to wash over the public sector bond markets, with the Province of Quebec selling its largest ever benchmark in the currency and Spain printing €5bn of inflation-linked paper.

Credit Bank of Moscow (CBM) is released price talk for its first Basel III compliant additional tier one (AT1).

Jordan is on track to add to its dollar-denominated January 2026s after releasing initial price thoughts for a tap on Wednesday morning.

Russian coke and iron producer Industrial Metallurgical Holdings (Koks) emerged with pricing on Thursday for a new five year dollar note.

China’s State Development & Investment Corp (SDIC) sealed a dual tranche offering on Tuesday, with the issuer’s state ownership, diversified investment portfolio and the moderate deal size ensuring a smooth debut.

Saka Energi Indonesia opened books for a seven year bullet on Wednesday, seeking dollars via a 144A/Reg S outing.

State Grid Corporation of China opened books for a four tranche dollar bond on Wednesday morning, comprising three, five, 10 and 30 year portions.

The European Bank for Reconstruction and Development on Tuesday equalled its largest ever size in dollars on Tuesday with a deal priced flat to or through its curve. The Asian Development Bank is set to follow in a market in which issuers are winning demand from investors starved of supply, said bankers.

Becton, Dickinson and Co, the US medical devices group, has obtained a $15.7bn bridge loan for its $24bn buyout of CR Bard, a rival in the same industry. The margin will depend on whether BD can hold on to its credit ratings.

The European Financial Stability Facility on Tuesday priced a dual tranche deal that bankers are describing as possibly its greatest ever, laying to rest some of its other long dated trades this year that drew criticism. A pair of other issuers have also hit screens in a euro market enjoying what one syndicate head called “probably the best conditions we’ve seen in months”.