Citi

Spain drew nearly €30bn of orders for a new €6bn 10 year benchmark on Tuesday, as Cyprus tightened pricing by 20bp on a seven year deal.

Schaeffler, the German industrial bearings manufacturer, has consolidated its financial position with a €2.3bn loan refinancing package, following its €938m initial public offering in 2015.

Lead managers on the bond for Kazakhstani crude oil company Tengizchevroil (TCO) on Tuesday confirmed that the deal would be a $1bn 10 year note.

ONGC Videsh has broken its two year dollar bond hiatus, opening books for a dual-tranche offering split between a 5.5 year and 10 year.

Citi on Friday announced a drop in earnings during the second quarter, with CEO Michael Corbat blaming heightened uncertainty in light of recent geopolitical events, even as the bank beat analyst estimates and reported higher trading revenue in fixed income.

A pair of public sector borrowers on Monday hit screens with mandates earlier in the day than usual, which bankers suggested was due to a desire to get ahead of other possible issuers.

Spain is lining up its second 10 year euro benchmark of the year, as bankers responded to a question about market conditions with: “It’s game on.”

Balkan telecoms provider United Group on Tuesday sold a €150m tap to fund the purchase of smaller peer companies in the former Yugoslavia.

Indian conglomerate Larsen & Toubro is preparing a potential Rp9bn ($134.1m) IPO for its subsidiary L&T Technology Services, just days after pricing the float of one of its other tech units.

Hospitality business Genting Hong Kong, which operates cruise liners, has signed a $500m borrowing to refinance debt taken for funding six vessels.

India’s Glenmark Pharmaceuticals is looking to make its first foray into the offshore bond market, hiring banks to organise a roadshow this week.

Swedish car safety specialist Autoliv has refinanced a $1.1bn revolving credit facility, with two banks leaving and two joining the syndicate. Deals in the region have seen rival lenders increase their share of bookrunning volumes this year.