Citi

US cruise ship operator Carnival Corp has announced that it will roadshow for a potential bond offering that would mark its return to the euro market after a nine year hiatus.

Borrowers enjoyed tight pricing in the US market this week, as a sharp drop in supply helped bring stability to the market and triggered a fall in new issue premiums.

Equity block trade activity has picked up this week, after a six day lull, with a rash of trades helped by a stable stockmarket. On Thursday night, two trades were launched, after a buoyant afternoon for stocks since Mario Draghi, European Central Bank president, raised hopes of further monetary easing at a press conference.

Teva, the New York-listed Israeli pharmaceutical company, held a meeting with banks on Wednesday for the syndication of $33.75bn of loans to buy generic drug business Allergan Generics.

The Indian IPO market is back in full swing with Coffee Day Enterprises seeing a solid outcome for its Rp11.94bn ($183m) deal, in what was the country’s first chunky listing in years. The transaction’s success, buoyed particularly by interest from institutional accounts, has now paved the way for a flurry of IPOs to follow, writes Rashmi Kumar.

The Republic of Korea has picked six banks for a bond that will include the first renminbi-denominated trade from the sovereign. The RMB portion is highly likely to be issued offshore but there’s also a possibility that the country will attempt to enter the recently reopened Panda market.

Romania became the latest CEE name to demonstrate the renewed bid for duration this week, drawing praise for a 10 and 20 year dual tranche euro transaction. However, some debt bankers away from the deal felt the 20 year had come at a hefty spread.

Credit Suisse has picked Citigroup, HSBC and Société Générale to underwrite its Sfr4.7bn rights issue, which will follow a private placement of Sfr1.35bn to anchor shareholders.

Poste Italiane, the Italian state-owned post office, narrowed on Wednesday the price range of its initial public offering in Milan. The bookbuild is set to close on Thursday.

Energía & Celulosa (Ence), a Spanish producer of eucalyptus pulp and biomass energy, opened a roadshow on Wednesday for €250m of bonds, in a high yield market that bankers see as slowly reviving.

Gala Coral, the UK gambling company, on Tuesday announced it would repay part of its £275m bond due 2019, one of two notes that will not be absorbed into its merger with Ladbrokes.

Assicurazioni Generali SpA brought made periphery central on Tuesday, taking advantage of an otherwise empty session to secure strong demand for its tier two paper.