Citi

Hong Kong-headquartered conglomerate CK Hutchison Holdings is readying a global sweep of debt markets to raise refinancing funds, announcing on Wednesday morning that it intends to sell a euro-denominated eight year senior unsecured bond just hours after announcing a dollar trade in Hong Kong.

Oman left a chunky new issue premium on the table with its latest $1.5bn bond sale, but with competing supply looming, and a market backdrop that included two pulled trades, EM bankers said it was a prudent move that resulted in a great trade and over $4bn of orders.

Divergent pricing expectations between Korean Air Lines (KAL) and investors forced the issuer to pull its hybrid bond on Tuesday evening after a two-day syndication process. The cancellation has dashed hopes of a comeback in high yield issuance from South Korea as the single-B rated trade was slated to be the first since September 2010. Addison Gong reports.

Indonesia’s Bumi Serpong Damai is looking for a window to sell a seven year dollar deal via wholly-owned subsidiary Global Prime Capital.

CK Hutchison Holdings is seeking fresh funds to refinance debt, and is eyeing a dual-tranche dollar bond with five and 10 year tenors.

India’s UPL Corp is setting its sights on a dollar offering, and has obtained first time ratings from international agencies.

Spanish natural gas utility Enagás is in talks with its relationship banks to refinance a €1.5bn revolving credit facility.

After a two year absence from the capital markets, two Nigerian corporate issuers are lining up to test investor demand for sub-Saharan Africa high yield credit.

China Securities Finance Co and Minsheng Education Group are looking to list in Hong Kong and filed draft prospectuses with the city’s exchange on Monday.

Shui On Development made its return to the international bond market on Monday after almost two years, bagging $250m from a new three year unrated offering.

Three Chinese issuers went out to woo investors on Monday to get ahead of a potential boom in bond supply after announcements from the US Federal Reserve and Bank of Japan last week.

China Citic Bank International is looking to add to the recent flurry of issuance in the bank capital market, hitting the road on Monday for a Basel III additional tier one transaction.