Citi

Bankers have questioned if the yields available in the euro market will prove sufficiently attractive to prospective investors as the start of the second quarter nears.

A slew of unusual CEEMEA issuers this week announced plans to meet with investors: Global Ports Investments, Kenya, Ahli Bank Qatar and Alternatifbank. Some are specified as non-deal meetings while others are focussed on specific deals.

A quartet of SSA issuers printed Kangaroo bonds this week, helping push Kangaroo bond volume for March to a monthly level not seen in a year.

Bank of the Philippine Islands (BPI) is poised to make its debut in the international syndicated loan market with a $250m fundraising.

Citi has lost its vice-chairman for Asean corporate and investment banking Tracey Woon, who is joining UBS in the third quarter of 2016.

The Republic of the Philippines is getting ready to meet investors to provide them an update on recent economic developments and performance.

Citi has boosted its research capabilities in Asia, hiring Liu Li-Gang as chief economist for China.

The City of Paris was forced to widen pricing on a 15 year bond offering on Wednesday, with leads blaming the move on a rally in bonds that followed dovish comments from US Federal Reserve chair Janet Yellen on Tuesday.

Kenya has mandated three banks for a non-deal roadshow and is “expecting” questions around the rumours about alleged misuse of funds from its last Eurobond outing in 2014.

European stocks rallied on Wednesday morning, after the US Federal Reserve’s chairperson, Janet Yellen, struck a dovish note in a speech last night. ECM deal launches did not immediately follow, however.

Issuers have nipped into the euro market after Easter with some canny deals. Meanwhile the dollar market was watching US Federal Reserve chairperson, Janet Yellen, who on Tuesday said that the possibility of further rate hikes was “not a plan set in stone”.

A $300m dual-tranche loan for a subsidiary of palm oil producer Golden-Agri Resources has wrapped up with just two new banks coming in.