Citi

The Singapore dollar bond market is welcoming a new participant this week with Swiss lender Julius Baer going live on November 11 with an additional tier one trade – the first time a foreign bank is issuing an AT1 in the Lion City.

Koninklijke KPN, the Dutch telecoms company, sold a quarter of its stake in Telefónica Deutschland for €805m on Monday night, but the deal failed to get covered, leaving Citigroup and UBS long.

Istituto Centrale delle Banche Popolari Italiane (ICBPI) sold its €1.1bn PIK note on November 6 in what looked like a comeback week for the high yield bond market — but it turned out to be a short-lived pick-up.

Commercial Bank of Dubai is settling for a smaller print and wider spread than originally indicated on its latest five year dollar bond, according to rival bankers and buyers.

The Sultanate of Oman will launch syndicated for its $1bn sovereign loan tomorrow (Wednesday), according to a banker on the deal.

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.