Citi

The UK may have voted to leave the European Union but German’s biggest agency showed it still plans to visit the UK’s currency, as it sold the first sterling deal from an SSA since the UK’s referendum late last week.

Sandvik, one of the last Nordic borrowers to refinance as the regional holidays kick off, this week signed a Skr9bn-equivalent credit facility with two banks leaving the syndicate.

Saudi Arabia could still print its widely anticipated bond in July, according to several EM syndicate bankers.

The Sri Lankan sovereign has finally hit the loan market for a $300m borrowing — a good three months after news emerged of a potential mandate and about a year after it issued a request for proposals. But the country is on much stronger footing now despite a ratings downgrade earlier this year, writes Shruti Chaturvedi.

Turkey's state-owned Halkbank has released initial price thoughts for a five year bond, the first CEEMEA public bond since the UK voted on Thursday to leave the European Union and only two days after a terrorist attack on Istanbul’s Atatürk international.

China’s DFZQ, also known as Orient Securities Co, and China Development Bank Financial Leasing Co have raised a combined HK$14bn ($1.8bn) after pricing their IPOs towards the low end of guidance, according to sources close to the deals.

Cemex Holdings Philippines has raised Ps21.9bn ($465m), pricing its IPO near the bottom of guidance after it was put under pressure by last week’s Brexit decision.

L&T Infotech, a unit of Indian conglomerate Larsen & Toubro, is set to raise Rp12.4bn ($183.4m) from its domestic IPO, having announced the price range and bookbuilding dates.

Caribbean sovereign Dominican Republic attracted $2.6bn of orders for a bond reopening of $500m amid a wave of Latin America borrowers that issued on Wednesday to prove the region’s resilience to worries over Brexit.

Latin American borrowers rushed to new issue markets en masse on Wednesday to confirm the thesis that Brexit would have little or no effect on the region, with four issuers pricing bonds and several more likely to do so imminently.

Swedish truck manufacturer Scania has refinanced a €1.25bn multicurrency revolving credit facility, as the pipeline of Nordic loan refinancings slow, according to a senior banker in the region.

US brewer Molson Coors didn’t miss a beat as it hopped into the European corporate bond market on Wednesday, sweeping away Brexit-related uncertainty to issue an €800m eight year bond after closing a $5.3bn deal the day before.