Citi

Banks continued to take advantage of the rally in high grade credit as Citigroup and Svenska Handelsbanken printed benchmark trades ahead of the Easter holiday.

Senvion, the German wind turbine maker, listed in Frankfurt on Wednesday after a tortuous process that saw the firm’s owners pull its IPO last week, then grudgingly relaunch it just five days later in a shrunken, cheaper format.

State Bank of India launched its $500m fundraising into general syndication on Tuesday via eight mandated lead arrangers and bookrunners.

Citi veteran David Ratliff has resigned as Asia Pacific head of the public sector group, according to an internal memo seen by GlobalCapital Asia.

Several large banks active in European ECM breathed a sigh of relief this week, as they completed the tortuous IPO of German wind turbine marker Senvion — one of only a few listings on offer in the quiet lead-up to Easter.

China's Fosun International is planning to spin off and list wholly-owned insurance subsidiary Ironshore, according to a filing with the Hong Kong Stock Exchange.

The bookbuild for the initial public offering of Senvion was completed a day early, on Monday evening, and resulted in a price near the bottom of an already much lowered price range.

Syndication has closed for a $975m refinancing for India’s Reliance Industries, with four new lenders coming in.

The Republic of Indonesia’s savviness was on display this week when it broke several records with a red hot $2.5bn wakala. Not only was this the sovereign’s first dual-tranche appearance in the asset class, it was also its largest ever — achievements that were attained thanks to the country’s ability to listen to market feedback.

After a decade in which they’ve suffered dismal profits, multiple IPO suspensions and a near-disastrous crash in A-shares, China’s foreign-backed securities houses are finally seeing the fruits of their labour. Now a pair of banks, including HSBC, are joining the fray with a new type of joint venture, setting the stage for another industry shake up. John Loh reports.

The private equity owners of German wind turbine maker Senvion have grudgingly relaunched its Frankfurt IPO, just five days after pulling it on low demand. The new deal is half the size of the earlier one, and implies a valuation €300m lower.

HeidelbergCement issued a benchmark high yield bond on Monday that was increased to €1bn and nearly three times oversubscribed.