Citi

Abu Dhabi’s $5bn note, priced Monday, dazzled with size and rarity, but also set the bar for other Middle East sovereigns facing unprecedented funding needs. How that capital is raised could come to define the year in emerging market bonds, writes Francesca Young.

Corral Petroleum Holdings, Sweden's largest oil refiner, on Wednesday released double digit price guidance for its $700m-equivalent of payment-in-kind toggle notes, as it meets investors in the US this week.

Kuoni, the Swiss travel company, and Novacap, the French pharmaceuticals and chemicals firm, set price talk on their loan packages following bank meetings on Thursday morning.

Abu Dhabi-owned Mubadala will wrap up its $2bn refinancing by the end of May and has achieved roughly the same margin as the loan it refinances, according to two sources.

A multi-currency loan for Sino Horizon Holdings has been launched into syndication via one bank. But as the facility size is relatively small, not all lenders will be able to get a piece of the deal.

China Petroleum & Chemical Corp (Sinopec) made a comeback to the bond market this week with a $3bn four-tranche deal. But in a step away from its previous outings, the oil and gas giant opted for price over size.

Dominican Republic-based power generator AES Dominicana will begin investor meetings on Friday ahead of a proposed dollar denominated 144A/Reg S as Lat Am corporates revelled in strong market conditions.

Citi returned to the Australian dollar market on Wednesday, raising a A$750m five year dual-tranche Kangaroo that will contribute to the bank's total loss-absorbing capacity (TLAC) requirements.

The £920m loan for Steinhoff’s bid for Darty remains in place, although the South African firm has been outbid by French retailer Fnac.

Citi has promoted Christine Lam to the role of country head for China, where she will oversee all of the bank’s businesses and franchise operations in the country.

Mexican cement company Cemex is looking to buy back up to $400m of senior secured bonds, the latest exercise in liability management.

Severstal, the steelmaker, reopened the Russian convertible bond market on Tuesday, with what bankers on the deal said was the first issue since 2013.