Citi

Lebanon was the only CEEMEA name to step into the market post US Federal Reserve meeting on Thursday. Debt bankers involved in the triple tranche trade said domestic demand would cushion the transaction against any broader bearishness.

Russian steel company TMK has launched a tender offer for its 2018s through Citi and JP Morgan.

Primary bond activity in Asia picked up again on Thursday following the end of the meeting of the Federal Open Market Committee (FOMC), with a pair of Chinese issuers launching separate deals in dollars and euros.

Deezer, the French music streaming website, has abandoned its IPO, after the bookbuild closed yesterday without a covered message.

Two SSAs tapped the middle of the euro curve on Wednesday, a move about to be copied by another agency which is set to bring a five year deal on Thursday.

The Republic of South Africa starts a non-deal roadshow next week following a recent medium term budget policy statement, but also has a firm mandate outstanding for an international bond deal.

Romanian utility company CEZ Distribution has signed a Leu675m (€152m) EBRD-arranged financing which is the first long tenor syndicated loan in Romanian new lei that the development bank has arranged.

Hybrid capital bankers who have insisted for the last few years that the rating agencies’ criteria were now stable and settled will be eating their words today. Standard & Poor’s has stripped the equity credit from 29 corporate hybrids, though it claims this is not a criteria change.

The Democratic Socialist Republic of Sri Lanka has tapped the dollar bond market for the second time this year with a $1.5bn transaction. Even though the sovereign had to pay up more than in its May outing, it ended up executing its largest ever bond.

A pair of agencies are set to tackle the belly of the euro curve, following a five year euro benchmark from European Stability Mechanism that left the supranational with just €2bn left to fund in 2015.

The Kenyan government will launch into general syndication a loan that could raise $750m in the next couple of weeks, according to a lead banker.

InterGlobe Aviation has launched its IPO of as much as Rp32.5bn ($500m) after finding robust demand from anchor orders, with their response expected to boost interest from other investors during bookbuilding.