Citi

India’s L&T Infotech has kicked off bookbuilding for its up to Rp12.4bn ($184.9m) IPO after placing a third of the offering with anchor investors.

State-owned Korea Gas Corp (KoGas) has gone out with its first international bond outing of the year, launching a dual-trancher dollar trade on Monday morning.

The Sri Lankan government is making a comeback to the bond market, launching a dual-tranche dollar transaction on Monday morning.

Latin American DCM bankers are hoping that Transelec’s blow-out bond issue on Thursday will encourage more investment grade issuers from the region to come to market, saying that deal’s success was in part down to the short supply of triple-B corporates in primary markets.

Citi has named Jason Rekate as its new head of the corporate banking division in Japan.

The Asia ex-Japan additional tier one market could finally be getting some action with Industrial and Commercial Bank of China (Asia) set to go on the road next week for its debut AT1.

Rating: Aaa/AAA

At the end of the first half of this year, the top three banks for CEEMEA have remained staunchly in place from last year, with Citi leading the pack, but there has been a shake-up further down the table. Bank of America Merrill Lynch has entered the top 10 in fifth position and French houses BNP Paribas and Société Générale have fallen to ninth and 10th, respectively.

Adler Real Estate, a German residential property company, has extended the sale period for its €150m convertible bond issue, which comes with pre-emption rights for shareholders, added Citigroup as a bookrunner and broadened the price range.

The Asian debt market has had a slow but steady stream of deals since the Brexit vote on June 23, but Bank of China blasted the issuance window wide open on Tuesday with a $3bn five tranche, multi-currency transaction — the region’s largest international green bond. Max Bower reports.

Bulgarian Energy Holding is planning a Eurobond and the note has been assigned an expected rating of BB- by Fitch.

A pair of Chinese firms are preparing potential multi-billion-dollar deals. Postal Savings Bank of China Co is seeking approval for a Hong Kong IPO that could raise up to $8bn, according to sources familiar with the matter, while China Resources Beer (Holdings) Co is aiming to net HK$9.5bn ($1.2bn) from a rights issue in the next few weeks.