Citi

FIG bankers are expecting some issuers to bring forward plans to print tier two early next year as investors show they are ready to take on higher beta paper.

Citi has made the changes to its Australia and New Zealand debt franchise, promoting James Arnold and Ian Campbell to lead the business.

Bank of Georgia completed the initial public offering of its healthcare subsidiary on Monday, as it successfully priced the deal, although at a price much below what it had hoped for.

Commercial Bank of Dubai has released initial price thoughts for a five year dollar benchmark at mid-to low 200bp over mid-swaps.

Bahrain has picked banks for investor meetings ahead of a dollar bond deal and starts investor meetings this week.

India’s Jindal Steel & Power is understood to have asked banks to relax a covenant on a $400m borrowing sealed in April 2013.

After seven days of silence since finishing a roadshow, Gulf Investment Corp (GIC) looks unlikely to proceed with a planned dollar deal, said bankers close to the mandate.

UNV Digital Technologies is expected to seek listing approval from the Hong Kong Stock Exchange this Thursday and start pre-marketing its $150m IPO on November 16.

Wenzhou Kangning Hospital opened bookbuilding for its HK$681m ($88m) listing on Monday, following in the footsteps of Dali Foods Group by placing out stock to just a few cornerstone investors.

Industrial and Commercial Bank of China New York has wrapped up its second offshore bond, sealing $1bn on November 5. But while Asian interest was strong, the issuer’s aggressive pricing tactic meant demand from US investors was lacklustre.

It was hardly back with a bang, but Latin American corporate issuance is on the agenda again after Fibra Terrafina sold $425m of seven year notes on Tuesday — some two months after its roadshow.

Six borrowers raised nearly €5bn in the covered bond market this week, once again surpassing supply expectations. The star attraction, notable for both its size and tenor, was a €1.5bn three year from the Norwegian issuer, Sparebank 1 Boligkreditt.