Citi

India’s Laurus Labs is planning a Rp10bn ($149.2m) IPO this year and has picked three banks to lead the deal, according to a source close to the transaction.

Maisons du Monde, the French furniture retailer, launched its IPO bookbuild on Monday, with UK, Dutch and South African companies as the main comparable stocks. On Thursday, the leads said the deal was covered.

The IPO of Philips Lighting, though smaller than some bankers had expected, has got off to a good start, achieving coverage on Tuesday night, after the bookbuild began on Monday.

Two US private equity firms have raised a $350m-equivalent loan for Network International’s buyout of Emerging Markets Payments Holdings (EMP) and tightened the pricing in syndication.

A money laundering scandal at one of Aeropuerto Internacional de Tocumen’s concessionaires ended up costing the Panama City airport operator just 25bp and $50m in size after it wrapped up the deal for the second time in a week on Friday.

Tencent Holdings has received enough commitments to more than double its $1.5bn loan as liquidity continues to pour in for names in the Chinese technology sector, said sources close to the trade.

BOC Aviation has already covered books for its HK$8.7bn ($1.1bn) IPO, having started the roadshow on Monday morning, said a source familiar with the matter.

South Korea’s Hotel Lotte Co, which is planning a $3bn-$5bn listing, could start bookbuilding on Friday, according to a source close to the deal.

Indonesia’s Cikarang Listrindo has kicked off bookbuilding for its IPO, which could raise up to $357m, with the deal already covered by anchor investors, said a source close to the deal.

Spanish property developer Metrovacesa on Friday printed a €700m deal, winning a healthy order book that proved the European corporate bond market still has legs despite heavy supply.

Parag Milk Foods has priced its Rp7.4bn ($110.8m) Indian IPO at the bottom of revised guidance after having to extend the subscription period by three days to fill a gap in the institutional investor portion of the deal.

Promoters of the Indian automaker Eicher Motors have raised Rp20.9bn ($313.1m) after selling a block of shares in a club deal.