Citi

South Korea’s Kia Motors Corp has started taking orders for a 144A/Reg S deal, which is split between a five year and a 10 year tranche.

Aroundtown Property Holdings, the Paris- and Frankfurt-listed company that invests in German property turnrounds, has extended the deadline on an incentivised conversion offer for its €450m pre-IPO convertible until Thursday evening.

A trio of public sector borrowers comfortably printed at the long end of the euro curve on Wednesday, but the deals suggested a slowdown in demand after a bumper April for the currency.

Yunnan Provincial Energy Investment Group is looking to issue its first dollar bond and has hired banks to set up investor meetings.

Empresa Eléctrica Angamos, the Chilean power generation company, will buy back at least $187m of its senior secured notes due 2029 as part of a tender offer but extended the early bird deadline and increased the maximum size in a bid to entice more investors to offer up their holdings.

A year can go by without an IPO in Prague, but this week has brought two. The day after GE Money Bank set out to float, Energetický a průmyslový holding (EPH), the Czech coal, gas and power company, began investor education for its plan to list EP Infrastructure, its energy transmission and distribution business.

A hungry euro market gorged on deals from France and the European Union on Tuesday, instilling confidence that a trio of trades on Wednesday’s menu will go well — despite two of them being in the same tenor.

South African furniture retailer Steinhoff International has nearly completed syndication of its £920m loan to buy French retailer Darty, according to a banker close to the deal.

PNB Housing Finance has made changes to the bank group leading its $400m Indian IPO, bringing in Bank of America Merrill Lynch to replace Barclays as a lead manager, according to a source close to the trade.

Chinese brokerage Orient Securities Co has applied for the go ahead to list on the Hong Kong Stock Exchange in an IPO that could raise $1.5bn, according to sources with knowledge of the deal.

Korea Resources Corp (KoRes) managed to brush away concerns about Moody’s decision to review its rating for a downgrade, raising more than expected from its latest bond outing. The deal’s high quality order book stood out when compared with some other recent transactions from peers.

Chinese search engine company Baidu is dipping its toes into the international loan market for a $1bn debut fundraising, following in the heels of other technology majors like Alibaba Group and Tencent.