Citi

The Republic of Indonesia is set to go on the road to meet investors for its annual return to the dollar sukuk market.

All but one of the banks that underwrote Saipem’s €3.5bn rights issue, and were left holding €427m of the Italian oil and gas engineering group’s stock, are selling down their stakes tonight.

Core eurozone issuers are set to pepper the euro curve over the next two days, before all attention turns to a much anticipated European Central Bank meeting on Thursday.

Senvion, the German wind turbine maker, has set the price range for its Frankfurt initial public offering at a level that implies a heavy discount to its main listed peers.

Bank Nederlandse Gemeenten is this week set to be only the second issuer in 2016 to attempt a 10 year dollar benchmark, while a trio of other SSAs are also entering a dollar market bouncing from strong US jobs data on March 4.

América Móvil, the Mexican telecommunications firm, took advantage of a rally in emerging market debt to open books on its debut euro-denominated bond with a tight concession on Monday.

Kuwait Projects Company (Kipco) will open books on a seven year bond after completing investor meetings on Monday.

Hyundai Capital Services (HCS) launched an inaugural green offering on Monday, giving green bond investors a new name in Asia.

IDBI Bank is meeting investors on Monday for a potential additional tier one (AT1) trade in what could finally be the first offshore bank capital offering from India.

Covestro, the German polymer manufacturing business spun off by Bayer last year, made its first bond issue on Thursday, raising €1.5bn in three tranches.

Citi has hired two executives in equity derivatives from Goldman Sachs.

Four banks are favourites to win the mandate for a $500m borrowing by the Democratic Socialist Republic of Sri Lanka, which sent out a request for proposals for the loan in June last year.