Citi

It’s been talked about for a long time, but India may finally be getting its first infrastructure investment trust (InvITs) listing, with IRB Infrastructure Developers securing board approval to establish one.

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The European Union has just €1.2bn left of a €5.2bn funding plan for September and October, having raised €2bn with an eight year this week that many bankers praised as evidence of normalisation of the pricing process in euros.

The European Union has taken another bite out of its £5.2bn funding plan for September and October with an eight year effort.

A pair of issuers are set to bring the first euro benchmarks of the week on Thursday, amid calls for the European Central Bank to skew its bond buying in favour of the public sector.

International Finance Corporation has printed a series of medium term notes in rare emerging market currencies in the past weeks and there may be more such MTNs to come from public sector borrowers.

Korea National Oil Corp (KNOC) has made a successful return to the dollar bond market, with the recent sovereign credit rating upgrade allowing the borrower to enjoy a strong investor reception. Not only was it able to raise more than planned, but KNOC also priced the new bond inside its existing curve.

Ashok Leyland is seeking to list its commercial vehicles financing arm, Hinduja Leyland Finance, in an IPO expected to raise around $100m, according to sources close to the transaction.

Vallourec, the French tubular solutions company, has signed a €400m four year revolving credit facility to replace bilateral loans of the same amount.

Korea National Oil Corp (KNOC) opened books for a new ten year bond on Tuesday, in what will be its first debt sale of the year.

Indian conglomerate Reliance Industries has picked a big group of banks for refinancing a $1.5bn loan raised three years ago.

A supranational is set to bring only the third dollar benchmark from an SSA since the start of September, after mandating banks for a deal on Monday afternoon.