Citi

South Korea’s stock market regulator has approved Hotel Lotte’s plans for an IPO, which could raise as much as $5bn and take the title of the largest listing in the country.

Emirates Global Aluminium has still not completed syndication of its $4.9bn seven year loan facility, despite bankers saying that the deal would have closed before the end of last year.

A $975m refinancing for India’s Reliance Industries has opened for general syndication via 13 mandated lead arrangers and bookrunners.

Samsung Bioepis, the pharmaceutical arm of the South Korean conglomerate, has decided to postpone its Nasdaq IPO due to valuation issues and to make way for the listing of Samsung BioLogics.

Lippo Karawaci has announced the minimum yield for a new dollar-denominated senior offering due 2023, as it aims to switch holders out of a 2019 bond into a longer four year deal.

Honeywell International has hired four banks to arrange its return to the European bond markets after a 15 year absence.

Trading in Saipem, the Italian oil and gas engineering company, had to be suspended on Monday, the first day of the firm’s €3.5bn rights issue, due to heightened volatility in the stock.

The Nordic Investment Bank added to a busy week in sterling on Friday by printing a £200m March 2019 bond.

Litigation and settlement costs are still defining the fortunes of the US banks, but this year, it is Goldman’s turn to suffer, while the other Wall Street firms bounce back.

Emerging market bankers are saying that greater scrutiny may now need to be paid to the ratings calendar when printing bonds after Standard & Poor’s downgrade of Poland on Friday prompted one of the worst sell-offs of an EM new issue in recent memory.

Veritas Technologies, the US software firm that Carlyle Group is buying from Symantec, will aim to complete a revised $7.4bn sale next week after failing to secure financing in November.

KEB Hana Bank battled choppy markets with its first international outing after its merger. As volatility heightened during bookbuilding, the lender opted to scale back the size of the deal in exchange for tighter pricing.