Citi

Cemex Holdings Philippines (CHP), an affiliate of Mexican cement giant Cemex, is seeking approval from the Philippine stock market regulator for a potential Ps39.7bn ($851.6m) IPO.

Chinese e-commerce group Alibaba has launched its latest loan at $3bn, less than a week after it signed an agreement with eight mandated lead arrangers and bookrunners. However, the financing could be even bigger, with the top group hoping demand will be strong enough to increase it to $4bn by the end of syndication.

India’s ICICI Bank is on track for its first dollar issuance of the year, having launched bookbuilding for a 10 year trade.

Bank of Tianjin has commenced pre-deal investor education to test the waters for its $1bn Hong Kong IPO, say bankers.

European Central Bank president Mario Draghi did not disappoint with his latest burst of stimulus on Thursday — although some public sector bankers felt his latest efforts to boost the eurozone economy could have damaging effects on the SSA bond market.

Bank Nederlandse Gemeenten brought a 10 year dollar benchmark this week that sparked much debate about whether other issuers would be able to follow in the tenor. Although with a flurry of other trades this week, it is clear that other options are available once next week’s US Federal Reserve meeting is held.

BBVA priced a well oversubscribed €1.25bn seven year with barely any new issue concession and a long way through the Kingdom of Spain’s spread.

Rating: A1/A+/A

Toronto-Dominion Bank (TD) and National Australia Bank (NAB) raised more than €3bn this week in the US dollar denominated covered bond market, nearly doubling supply seen so far this year.

Italian luxury sports car manufacturer Ferrari sped into the capital markets ahead of the ECB’s monetary policy committee meeting on Thursday with a €500m debut bond.

Southern Gas Corridor Company has started investor meetings for a bond fully guaranteed by Azerbaijan.

Israel printed a new 10 year bond and a tap of 2043s on Wednesday with only a small new issue concession and some of the biggest books seen so far this year for a CEEMEA bond.