Citi
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PKN Orlen was on track to print a seven year dollar bond with books over €1.5bn at guidance on Wednesday.
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The CEEMEA bond market is in full flow as issuers jump in ahead of the FOMC meeting, Brexit vote and Ramadan. Two issuers are out with initial price thoughts and a string of others have mandated for new bonds.
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Veneto Banca’s IPO attempt has been set for the latter part of June, but whether it has any better success than Banca Popolare di Verona at finding institutional demand remains in doubt.
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China State Construction Engineering Corporation Limited and Tianjin Infrastructure Construction are getting ready to meet investors ahead of their respective dollar fundraisings.
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VPower Group International Holdings has filed for an IPO in Hong Kong and is looking to raise $500m in the third quarter of the year.
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KfW became the first supranational or agency to sell a euro-denominated five year benchmark with a negative yield on Tuesday.
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After a bumper week in dollars, euros will be back on the CEEMEA table this week with PKN Orlen and Croatia wrapping up meetings on Tuesday. But the European Central Bank meeting on Thursday and US data on Friday is expected to keep issuance limited this week.
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Property developer Frasers Centrepoint is likely to begin bookbuilding on Friday for a potential S$900m ($651.5m) real estate investment trust IPO in Singapore, a source close to the deal told GlobalCapital Asia.
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Indian mortgage lender HDFC has launched a $375m five year loan into general syndication and is poised to receive the entire amount from the leads this week.
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Indonesia’s Sri Rejeki Isman (Sritex) is poised to launch a new bond on June 1 as soon as a tender offer to buy back its outstanding notes expires.
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Indonesia’s Cikarang Listrindo has allocated its Rph3.6tr ($264m) IPO to an investor base comprising mainly long-only accounts, deciding not to enlarge the float despite having enough demand, said a source with direct knowledge of the matter.
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Korea Gas Corp (KoGas) has kicked off preparations for its first international bond of the year, which will hit the market next month.