Citi

The equity market for Chinese education companies in Hong Kong is heating up, with Minsheng Education Group Co, the first pure play university IPO from the mainland, finishing bookbuilding this week to much success. All the signs show that investors are excited about the sector, writes Jonathan Breen.

The IPO of Innogy was voted Equity Capital Markets Deal of the Year and JP Morgan judged ECM Bank of the Year in GlobalCapital's 2016 Awards - read the full results here.

Public sector borrowers will take a pause from primary this week as they dodge possible volatility during a week riddled with political and economic risk events in three major currencies.

Former regional head of BNP Paribas’ global markets in the Iberia region, Joe Lovrics, has joined Citi as head of its Spain and Portugal markets franchises.

A pair of supranational issuers nipped in on Tuesday with what are likely to be the final dollar deals of the week before a Federal Open Market Committee meeting on Wednesday — where futures prices suggest an overwhelming likelihood that the Federal Reserve’s target rate will rise.

Kuwait nipped in on Monday ahead of the Fed decision this week to raise $8bn with its debut bond, establishing a liquid benchmark at the five and 10 year parts of the curve. While the emphatic statement the deal made was not in question, there was debate about the bonds’ relative value against other Gulf sovereigns.

BMC Software, the US IT management firm, joined a packed European leveraged finance market on Monday with a €650m term loan refinancing, one of several deals launched since late last week.

Croatia’s revived euro benchmark had received orders of €2.75bn and seen its order books shut by lunchtime Monday with the country having enjoyed a ratings agency boost on Friday to defy any fears of being overshadowed by Kuwait’s sovereign deal, which was also in the market.

Unperturbed by softer markets of late, Russian steel firm Evraz was on track to print a bullish six year bond on Monday morning.

Attractive pricing helped Kuwait build a huge order book on Monday morning for its debut bond as bankers debated where pricing should land for the sovereign.

Lenovo Group priced a five year fixed bond and a subordinated perpetual non call five in a soft market on Thursday and on the back of disappointing third quarter results. But investors shrugged off any concerns and poured into the transaction.

Animal feed and agribusiness firm Godrej Agrovet has taken a step closer to its potential IPO, hiring Kotak Mahindra Capital as one of the bookrunners, according to a source familiar with the situation.