Citi

Latin American development bank Corporación Andina de Fomento (CAF) will look to price a new dollar benchmark on Tuesday after beginning to take indications of interest on Monday.

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.