Citi

Nederlandse Waterschapsbank has become the latest in a string of public sector borrowers to turn to the sterling market.

A pair of public sector borrowers are set to bring socially responsible bonds this week, with one aiming at the dollar short end and the other at the long end of the euro curve.

Credit Bank of Moscow has named leads for a rare Russian Basel III-compliant tier two bond, its first capital issue.

Korea National Oil Corp (KNOC) is selling a combination of floating and fixed rate bonds, with price thoughts for a five and a 10 year released at the same level. On the high yield side, China’s Shandong Yuhuang Chemical Co is marketing its debut three year notes.

South Korean game developer Netmarble Games has started pre-deal investor education for its up to W2.7tr ($2.4bn) IPO, according to bankers working on the transaction.

Indonesian company Sri Rejeki Isman (Sritex) is readying a seven non call four dollar note, announcing the deal on the back of strong growth in 2016.

Kenya finally launched an $800m loan into syndication after the appearance of another deal for the government delayed the process.

Gates Global, the power transmission belts maker, held a lender call on Friday afternoon London time for a $300m-equivalent euro term loan ‘B’ add-on, having tapped its 2022 bonds on Thursday.

UBS jumped into the dollar market this week with its first deal of the year as spreads tightened following the Federal Reserve’s move to increase interest rates.

The sterling market was red hot this week with public sector issuers hitting screens in force, despite a headline heavy calendar.

Citi has reshuffled its southeast Asian corporate and investment banking (CIB) leadership, with David Biller and Jonathan Quek set to take on more responsibility.

South Korean mobile game developer Netmarble Games plans to submit its IPO prospectus on Friday and start pre-deal investor education on March 20, according to a banker working on the deal.