Citi

When Glencore announced plans to raise $2.5bn of equity, all options were open, but one always looked the most likely: an overnight accelerated bookbuild.

Citi has appointed Andrea Vanara as its Asia Pacific head of treasury advisory group, a position that has been vacant since last November.

Pentair, the UK-headquartered maker of fluid and thermal systems, priced a €500m bond in line with initial price thoughts on Monday, after deciding to plough ahead with its funding plans despite a difficult market.

IMAX China started testing investor appetite for its $300m-$500m IPO in Hong Kong on Tuesday, even as sentiment in equity markets remained dour and shares in the city fell 0.49%, tracking losses in Shanghai.

The International Swaps and Derivatives Association is likely to have to change its licensing practices as a result of a $1.9bn credit default swaps price fixing settlement by banks, according to a source familiar with the case.

Interglobe Aviation, the holding company of Indian budget carrier IndiGo, and Coffee Day Enterprises are looking to launch their IPOs in October, in deals that could raise a combined Rp36.5bn ($548.19m).

South Korea's Hotel Lotte has appointed one domestic and two global banks to manage its 2016 IPO.

Citi has kept the red hot Australian RMBS market going with a A$1.2bn ($860m) transaction that priced on September 11. And similar to Commonwealth Bank of Australia’s (CBA) deal this month, Citi too was able to print a much bigger deal than initially planned.

Citi’s two recent high profile hires in European equity capital markets are part of a drive to rise up the league tables in European ECM, but rivals say Citi may need to lay out more balance sheet to achieve its aim.

Shanghai Pudong Development Bank Co (SPDB) roared into the market on Wednesday, finding huge success with its debut $500m deal. The issuer managed to find the perfect window to execute its trade, tightening pricing aggressively but still ending up with a quality book.

Citi has appointed David Ratliff to the newly created position of head of public sector banking for Asia Pacific. The move is part of the bank’s strategy to combine corporate and investment banking alongside markets and securities services coverage of public sector clients in the region.

Citi has named Philip Drury as head of EMEA capital markets origination, following Michael Lavelle’s promotion to head of UK and Ireland corporate and investment banking.