Citi

Citi executed its second Indian block trade in as many weeks on Thursday, helping a group of vendors raise Rp8.62bn ($128.22m) from a sell-down in software giant Infosys.

Indian Oil Corp and Bharat Petroleum Corp have launched their respective borrowings, worth a collective $580m, into general syndication. Both are offering the same base margin, but the latter is being generous with its all-ins for new banks.

Pakistan and Sri Lanka have approached the loan market for their latest fundraisings. While interest in the former has been steadily rising, the latter was recently hit by a rating downgrade.

The Asia ex-Japan bank capital market sprang back to life this week as United Overseas Bank (UOB) completed the first-dollar denominated trade in the region this year. The deal's strong reception bodes well for those looking to follow but market participants have predicted another lacklustre year in term of volumes, writes Rev Hui.

Cemex tightened its latest deal by over 50bp from initial price thoughts as the Mexican cement company was rewarded for a conservative starting strategy with a well-oversubscribed book.

Existing shareholders in Infosys are selling stock worth Rp8.8bn ($130m) via a block trade, which is expected to price before markets in India open on Thursday.

Israel has tightened price guidance on its 2043s tap and new 10 year bond, both in dollars, in the hope of printing the deal later on Wednesday.

Emerging market issuers were busy locking down funding through all avenues this week. The CEEMEA and Latin America bond markets are churning out deals while the main focus in loans is on a jumbo transaction for Saudi Arabia.

Swedish security services provider Securitas made a late entrance to the euro bond market on Tuesday with a €350m six year offering, getting in ahead of the Thursday’s European Central Bank (ECB) meeting.

Chinese e-commerce giant Alibaba Group has mandated eight banks to run its $4bn loan, with invitations to be sent out to lenders soon.

United Overseas Bank started receiving bids for a tier two offering on Wednesday in what is the year's first dollar bank capital deal from Asia ex-Japan.

The Indian government has kicked off the divestment of a 5% stake in Container Corp of India, which would add about Rp11.65bn ($173m) to the country’s coffers.