Citi

South Korea’s Kakao Corp has broken a drought in Asia’s equity-linked market by printing a W230bn ($199.9m) exchangeable bond on Monday, with the deal denominated in won but settled in dollars.

China Petroleum & Chemical Corp (Sinopec) fetched $3bn from a multi-tranche dollar deal on Monday that saw a 30 note added mid-way due to reverse enquiry. But unlike its last outing, the oil and gas giant kept the size relatively small in favour of tight pricing.

Alibaba Group Holdings has wound up its latest five year bullet at an increased size of $4bn after attracting robust demand during general syndication.

Rare issuer ABB returned to the European corporate bond market with panache on Monday, as it issued a benchmark seven year transaction, its first in four years, achieving a negative new issue premium.

The corporate bond market hosted its second zero coupon deal of the year on Monday, courtesy of Unilever, as the UK-Dutch consumer goods company printed €1.5bn across three tranches of bonds.

Bank of China Luxembourg has signed its debut syndicated loan after ICBC’s London subsidiary signed a $1bn deal last year.

Bank Muscat has released initial price thoughts for its benchmark five year bond, equating to a new issue premium of around 35bp.

Turkey's Dogus Holding is talking to banks about a loan of $400m, according to three bankers. A deal would closely follow one from Borusan Holding, which signed a loan earlier this month that was snubbed by international lenders.

Citi has named a new head of its EMEA FIG investment banking group, hiring Piers Davison, former EMEA head of banks and UK head of FIG at JP Morgan.

Oil and gas giant China Petroleum & Chemical Corp (Sinopec) opened books for a 144A/Reg S triple-tranche dollar offering on Monday, taking advantage of a buoyant primary Asian bond market.

PQ Corp, the US inorganic chemicals producer, and Inovyn, the UK-headquartered chorvinyls producer — both partly owned by Ineos, the petrochemicals company — are marketing over $2bn of refinancing debt over the coming days.

India’s third largest private lender Axis Bank has wrapped up its latest, self-arranged loan at $300m.