Citi
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A subsidiary of Providence Equity Partners has raised Rp12.9bn ($193.3m) by offloading its remaining stake in Indian mobile network operator Idea Cellular, despite contrasting views on the stock posing a challenge to the block sale. -
Three issuers from the aircraft industry, Grand China Air Co, China Aircraft Leasing Group Holdings and Hong Kong Express Airways, hit the runway for their respective dollar offerings on Tuesday morning.
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The public sector dollar market is showing a few signs of life this week as KfW and the European Bank for Reconstruction and Development picked banks for benchmarks, while the Bank of England launched its annual foray in the currency.
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The State of North Rhine Westphalia will sell its third sustainability bond on Tuesday, following a pan-European roadshow.
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Novelis’s $1.8bn Asian refinancing of its US term loan B has seen four new lenders come in during syndication, as the leads hold out for several more large commitments.
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China’s Minsheng Education Group has launched pre-deal investor education for its Hong Kong IPO that could raise up to $200m, according to bankers close to the deal.
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Hyundai Capital Services opened books for a 144A/Reg S bond on Monday, its first outing this year. Issuers from South Korea have been active in DCM in 2017, but HCS will be the first non-bank financial credit from the country to woo investors.
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Korea National Oil Corp will host a global roadshow next week ahead of a new international bond, to be sold in dollars and/or euros.
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The superlatives “fantastic”, “surprising to the upside all the time” and “huge tightening” were being thrown around about the public sector dollar market this week — the only missing ingredient appears to be supply.
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Citi has named appointed an internal candidate as its global head of equity sales.
