Citi

Two firms with Asian links canned their US floats this week, with InnoLight Technology Corp and Ironshore announcing they have dropped their listing plans.

Laurus Labs, the Indian pharmaceutical firm, is on track to raise Rp13.3bn ($197.0m) after it wrapped up bookbuilding on Thursday and was more than 4x covered.

Ecuador, the highest yielding single B sovereign in the world, issued $750m of 10 year bonds on Thursday, becoming the second Latin American credit in a week to take advantage of the recent rally in oil, following Mexican state-owned oil giant Pemex’s $5.5bn bond.

Goldman Sachs printed a $3bn trade on Thursday to push dollar FIG issuance to an all-time high.

Nigeria has picked three banks to manage its first sovereign trade since July 2013.

Bank Negara Indonesia is wrapping up a $750m borrowing with nine mandated lead arrangers and bookrunners, returning to the loan market after a two year break. As liquidity is still abundant, the borrower is raising its biggest syndicated deal, with bankers saying that government backed names from the country will remain popular. Shruti Chaturvedi reports.

Citi and ING have named new heads for their respective Asia debt syndicate teams, while Natixis has recruited a DCM banker from Commerzbank.

Nigeria has picked three banks to manage its first sovereign trade since July 2013.

Chinese local government financing vehicle (LGFV) Yunnan Provincial Energy Investment Group returned to the international bond market on Tuesday, netting $440m from a dual-trancher. Market participants reckoned the company paid a premium amid a volatile market backdrop.

Nine banks have banded together to arrange a $750m dual tranche facility for Bank Negara Indonesia (BNI).

Citi has appointed James Arnold as its new head of Asia Pacific DCM syndicate, replacing Duncan Phillips who left the bank in October.

Indian pharmaceutical firm Laurus Labs has opened books for an IPO that could raise Rp13.3bn ($195.3m), set to be the year's last big listing in the country.