Citi

Enav, the Italian air traffic control system company, began its privatisation IPO on Monday, with the publication of research. Meanwhile, plans are taking shape for the IPO of Avio, the Italian space propulsion firm.

China’s DFZQ, also known as Orient Securities Co, has opened books on an up to HK$8.95bn ($1.16bn) IPO in Hong Kong with a whopping 17 bookrunners crammed into the syndicate.

More than three quarters of Brazilian industrial conglomerate Cosan’s bondholders agreed to sell their bonds in the early bird phase of a tender offer.

Zhongrong International Trust managed to raise $500m this week by compensating investors for its weak fundamentals with a juicy premium over its outstanding bond. But what also helped the deal was a lack of high yield supply from China, reckon bankers.

State Bank of India has allocated its latest $500m borrowing, finding demand from eight new lenders during syndication.

Ethypharm, the French pharmaceutical firm, has allocated a €337m seven year term loan ‘B’ at tighter pricing than initial guidance, following a heavy oversubscription.

Asia’s bond markets have remained resilient despite a Federal Open Market Committee meeting this week and rising concerns about the UK referendum on European Union membership. With deal flow building up for next week, bankers said Asian issuers stand to benefit from volatility in Europe, writes Narae Kim.

Ooredoo executed a swift deal to snap up $500m ahead of the US Federal Reserve's interest rate meeting on Wednesday, printing inside its curve as demand for Middle East credits defied weak markets.

Hotel Lotte’s IPO could yet go live by the end of 2016 despite being postponed on Monday after prosecutors raided the offices of Lotte Group, according to a statement from the parent.

The EM bond market has churned out deals this week despite US Federal Open Markets Committee meeting and fears of the UK leaving the EU disrupting sentiment.

Hotel Lotte could yet give a boost to South Korea’s equity capital markets by going live with its IPO by the end of 2016, announcing the possibility just days after it postponed its transaction.

South Korea’s Woori Bank is expected to bring a dollar-denominated Basel III additional tier one bond to the market as early as September after its plans were abruptly put on hold in April due to a proposed changes in rules.