Citi

KfW paved the way for a slew of dollar mandates from SSA borrowers on Tuesday with a $5bn new issue.

As fertiliser firm EuroChem refinances a five year old loan, the borrower will find that pricing and lenders in the Russian market are changing, according to two bankers.

The Indian government is planning to launch an IPO to offload part of its position in Housing and Development Corp (Hudco) and has sent out a request for proposals to lead the transaction.

A diverse group of issuers headed to the dollar debt market on Tuesday, with a Chinese local government financing vehicle, a Singaporean real estate firm and a South Korean telephone company vying for investor attention.

State-owned Korea Gas Corp has become the first issuer from the country to venture out to the debt market following Brexit, netting $900m via two tranches that were sold at identical spreads.

Everything fell into place for the Sri Lankan government’s return to the debt market on Monday when it sealed $1.5bn from a dual-trancher, shrugging off concerns about its fiscal problems and recent rating downgrade.

Argentine pulp and paper company Celulosa Argentina has announced initial price thoughts of 10% area for a $200m seven year non-call four senior unsecured bond as it eyes a debut cross-border transaction.

Brazilian industrial conglomerate Cosan followed the strategy of its compatriot Petrobras on Monday, tapping recently issued bonds after a strong response to a tender offer.

Citigroup has appointed two bankers to head its strategic equity solutions (SES) business for EMEA, including one it has hired from Bank of America Merrill Lynch.

A total of 12 banks have participated in the $3bn loan for Tengizchevroil (TCO), the Kazakh oil field joint venture. Banks could choose from a range of ticket sizes.

Majid Al Futtaim (MAF) printed a $300m opportunistic tap of its May 2024s on Monday to re-open the Gulf Corporation Council bond market after Ramadan.

Kazakhstani crude oil company Tengizchevroil (TCO) has picked a raft of banks to manage a debt sale that will help to finance a $36.8bn expansion project.