Citi

Indian mortgage lender HDFC is close to signing up lenders for a $375m borrowing, according to two sources.

HDFC Standard Life Insurance Co (HDFC Life) has mandated four houses to run its IPO, which will be India’s first listing by an insurance company.

Two unusual corporate deals from Panamá and Dominican Republic brought variety to the Latin American new issue market on Wednesday as stable conditions extended through the week.

Latin American development bank CAF’s transition from emerging market to SSA issuer is almost complete, said its head of funding, after nearly 40% of demand for its latest dollar deal came from central banks and official institutions.

Barclays has this evening executed a R13bn ($900m) accelerated bookbuild in shares of Barclays Africa Group, its separately listed South African subsidiary, as the first stage in its already announced plan to divest the bank. The trade was covered in 35 minutes and multiple times oversubscribed.

Moody’s said on Wednesday that Ardagh’s issuance of $4.5bn of bonds late on April 29 was credit positive for the B2/B rated Irish glass and metal packaging manufacturer.

RCI Banque was one of four corporate issuers in the European bond market on Tuesday, as it printed €600m of seven year notes that won the skinniest new issue premium of the day.

Dongfeng Peugeot Citroën is planning to start the bookbuilding process for a Rmb1bn ($155m) securitization of auto loan mortgages next week.

Indian mortgage lender HDFC is in the final stages of signing up lenders for a $375m borrowing, according to two sources.

Samsung Biologics has sent out a request for proposals for an up to W3tr ($2.6bn) listing in South Korea, according to a source close to the situation.

Sweden's largest oil refiner, Corral Petroleum Holdings, sold on Friday €625m-equivalent of payment-in-kind toggle notes after dropping dollars for Swedish kronor.

Citi has named Amol Gupte as its country officer for Singapore and head of Asean, succeeding Michael Zink who will be retiring.