Citi
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A trio of issuers on Tuesday mandated for dollar deals across the shorter end of the curve, as underlying US Treasury yields stayed slightly elevated after last Friday’s meeting of central bankers in Jackson Hole. -
China’s Yestar International Holdings Company and South Korea’s Nonghyup Bank have kicked off investor meetings for their respective bond offerings.
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Action in the Asia ex-Japan dollar bond market picked up a notch on Tuesday with a number of issuers launching transactions.
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Citi is set to lose its head of Asia Pacific debt syndicate in Hong Kong, as Duncan Phillips is leaving to join financial services technology firm Ipreo.
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A group of eight firms are to pitch for a place on the Indian government’s stake sale in construction company NBCC on Tuesday.
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Allocations are out for the government of Sri Lanka’s $700m three year borrowing, which has more than doubled from the launch size of $300m.
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The government of Sri Lanka’s three year borrowing has turned out to be a hit, allowing it to hike the loan to $700m, beyond the $500m it was eyeing after a greenshoe.
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Sparebank 1 Boligkreditt followed Commerzbank into the covered bond market this week with another 10 year and with a 20bp premium to the German lender, its sale was a lot smoother.
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The European Investment Bank this week cut the ribbon on the post-summer market for large dollar benchmarks, although there were more than a few nervous glances ahead to this Friday’s Jackson Hole speech by US Federal Reserve chair Janet Yellen.
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The $1bn loan for telecoms firm MTN needed an accordion feature to get it to target size, even though the loan market has so far shrugged off the volatility surrounding allegations against the country’s finance minister.
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Bankers are braced for a bumper September of corporate dollar issuance as M&A funders look to tap the market amid huge demand for high grade paper.
