Citi

Government agency Specified Undertaking of the Unit Trust of India (Suuti) has offloaded a part of its stake in conglomerate Larsen & Toubro via an accelerated bookbuild, raising Rp19.8bn ($296.7m).

PNB Housing Finance and Varun Beverages priced their respective IPOs in India at the top of the range this week, fetching Rp41.1bn ($616.9m) between them.

Leveraged buyout activity in Central and Eastern Europe is gaining momentum, driven by a few jumbo deals pushing for terms and pricing more commonly seen in Western European markets. For some local banks, the conditions are too tough to compete.

A shift of momentum in the US presidential race has sent tremors through derivatives markets this week, with equity implied volatility ramping up, credit index spreads widening and the Mexican peso slumping against the dollar.

October’s $500bn deal bonanza may have been the biggest monthly total for over a decade but global M&A actually peaked a year ago, writes David Rothnie.

Bank of China’s highly anticipated green covered bond launched Thursday, with books growing quickly in the first few hours.

Banks are preparing finance packages for the leveraged buyout of Romanian retail chain Profi, with the loans likely to price almost as tightly as deals from western Europes, according to one banker.

GDS Holdings received a thumping response from investors for its $192.5m Nasdaq IPO, but priced it below the initial range to capture long-only demand and a higher-quality book.

A subsidiary of Chinese electro-acoustic product maker Goertek has approached banks for a $150m three year borrowing.

The International Finance Corporation has launched the world's first 'forests' bond, which offers investors the option to receive coupons in the form of carbon credits or in cash.

ANZ has poached a senior banker from Citi to be its new head of markets for Europe and America, effective at the end of November.

Fast food operator QSR Brands is seeking an IPO to raise more than $500m in Malaysia next year, mandating three local and two international banks.