Citi
-
Banco CorpBanca Colombia is holding a roadshow in Taiwan alongside the US for a $200m two year syndicated loan.
-
Motor and lubricant oil producer Castrol is on track to raise Rp17.7bn ($264.1m) from cutting down its stake in its Indian arm, marking the UK firm’s second such sell-down this year.
-
Delhi International Airport Private (Dial) is planning a comeback to the international debt market almost two years after its maiden offering, and is deciding between a dollar deal and a Masala bond.
-
Postal Savings Bank of China has narrowed the price range on its Hong Kong IPO to the bottom half of guidance, and is set to raise up to HK$58.8bn ($7.6bn) in the world’s biggest listing in two years.
-
Woori Bank has set sights on its second dollar-denominated Basel III additional tier one bond, opening books on Tuesday morning. It will be the first South Korean lender to test the bank capital market following a recent rule change on AT1 instruments.
-
Koninklijke DSM, the Dutch chemical company, issued an opportunistic €750m 10 year bond on Monday that was priced with a single digit new issue premium.
-
Public sector borrowers are piling into the dollar market at the start of the week, with a US Federal Reserve rate decision on Wednesday likely to shorten the issuance window.
-
French retail property group Klépierre issued a €600m 15 year bond on Monday, taking investors down the maturity range with the promise of yield.
-
The International Bank of Azerbaijan (IBA) is in the market for its annual loan refinancing, the deal is smaller than the loan it refinances at $150m, according to one banker invited to join.
-
Ghana has bought back $200m of its outstanding 8.5% 2017s — just half of the targeted $400m. Emerging markets investors were happy to hold the bonds to maturity, said one on Monday.
-
Deutsche Bank is at real risk of failing to pay coupons on its additional tier one instruments, as a potential $14bn US RMBS settlement threatens to erase the bank's available distributable items (ADIs). Outstanding DB AT1 securities reacted accordingly last Friday, shooting nearly 200bp wider.
-
Telenor sold $1.5bn of shares in VimpelCom, the Russian telecoms company, this week, in a combined equity placing and exchangeable bond that were well received, despite the Uzbek bribery scandal that engulfed both companies last year.