Citi

Netmarble Games has received the green light to list on the Korea Exchange, paving the way for an estimated W2tr ($1.7bn) IPO next year.

Gitanjali Gems is seeking to list its wholly-owned subsidiary Nakshatra World in an IPO that will raise up to Rp6.5bn ($95.9m).

Four European lenders have turned down a $2bn loan for National Bank of Abu Dhabi (NBAD), while local banks are starting to return to secondary markets for the first time in a year — signs that the Middle Eastern loan market could see a different set of banks driving it in 2017. Elly Whittaker reports.

Citi is boosting links between its private bank, and corporate and investment bank, naming Kevin Lam as Asia Pacific business development head between the two divisions.

National Bank of Abu Dhabi signed a $2bn three year loan on Tuesday, cementing the bank group for its $175bn merger with First Gulf Bank, though some key European banks turned down a role on the deal.

The public sector market is awaiting the final big event of 2016 in the shape of the US Federal Reserve’s rate decision later on Wednesday. But while a US rate rise looks all but a certainty, some funding officials are anxious about the potential for volatility in the dollar market next year from a different source — politics.

Nigeria’s sovereign bond prices have rallied with a new Eurobond expected in January despite the government reporting on Monday N2.2tr ($7bn) of unrecorded debt, equivalent to 2.3% of the country’s GDP.

KfW tapped a December 2019 sterling line on Tuesday, printing £200m to round off the agency's strongest year in sterling since 2008.

Groupe SEB has set a new record for a French borrower tapping the booming Schuldschein market, raising a whopping €800m to help it buy a German company.

US based-Novelis, part of Indian company Aditya Birla Group, has lined up a syndicate of 10 lenders to arrange an Asia loan that refinances a $1.8bn US term loan B from last year.

A A$484.2m ($361.5m) five year facility to support Philippine company Universal Robina Corp’s acquisition of Snack Brands Australia has been allocated, with 17 new lenders coming in.

South African gold miner Sibanye has agreed to buy US palladium miner Stillwater for $2.2bn and will raise a $2.7bn loan to pay for the acquisition. Sibanye joins South African borrowers Steinhoff and Aspen in raising large loans for M&A this year.