Citi

Exor, the BBB+ rated, listed holding company controlled by the Agnelli family, issued a benchmark seven year bond on Thursday.

Bank of East Asia (BEA) executed a landmark trade this week, completing Asia’s first dollar liability management exercise into a Basel III instrument. With old style bank capital instruments losing capital value, market observers hope there will be more such transactions, writes Rev Hui.

Birla Carbon and Fiat India have launched their respective dollar loans into syndication, with the former seeking $925m and the latter $250m.

India’s Reliance Industries signed its $1.47bn dual-currency loan on November 20 in Dubai, sealing the deal after commitments from a 30-strong group lenders.

Doosan Power Systems (DPS), wholly owned by Doosan Heavy Industries & Construction Co, has hired banks and started a roadshow ahead of a 30 year non-call three bond. The dollar outing will be guaranteed by the Export-Import Bank of Korea (Kexim).

OTE, the Hellenic Telecommunications Organisation, returned to the bond market on Tuesday with a €350m four year at a yield of just 4.625%, despite high yield bankers saying the mood in the market was still unstable.

Gategroup, the airline catering services company, has completed the syndication of its €250m term loan.

Support from US fund managers helped Macedonia price a new sub-benchmark euro-denominated deal comfortably inside initial price thoughts on Tuesday despite rising geopolitical risk.

Bank of East Asia (BEA) opened books for a dollar-denominated additional tier one (AT1) on November 25, with the Hong Kong lender looking to use the proceeds to fund the purchase of its outstanding legacy tier one instruments.

UNV Digital Technologies has decided not to go ahead with its $150m IPO in Hong Kong after completing investor education, as the issuer felt that market conditions were not in its favour.

SKF, the Swedish ball bearing maker, won a €2.2bn order book today (Tuesday) for a €500m no-grow bond, issued to partly fund a tender offer for older notes.

OTE, the Hellenic Telecommunications Organisation, held an investor call on Tuesday November 24 for what could be the first Greek corporate bond issue in euros this year.