Citi

A $550m borrowing for Bank Rakyat Indonesia’s (BRI), which is due to be prefunded by a club of 11 banks, is expected to go into general syndication. Lenders are waiting for Bank Indonesia approval and are targeting signing by the end of August, with the first drawdown in the first week of September.

The Government of the Union of Myanmar has hired Citi and Standard Chartered as sovereign credit rating advisers as it looks to pave its way to the international debt market.

The privatisation IPO of Poste Italiane, set to be one of the highlights of the ECM calendar in the second half of 2015, took another step forward on Tuesday when the company filed its request for listing to Borsa Italiana and its prospectus to Consob for approval.

Swedbank kept euro denominated FIG supply ticking over with a five year floater on Tuesday, but bankers said the deal’s small oversubscription would do little to convince others to pull the trigger this week.

A Standard Chartered led borrowing for automobile parts maker Zhongding Hong Kong will see the company fully exercise a greenshoe, taking the loan size to €150m ($165m). Eight banks have committed to the facility during general syndication and two more are processing their approvals.

Citigroup has hired Stephen Roti to head its global corporate equity derivatives team.

Poseidon Containers, the Greek shipping company, has suspended its plan to list on the New York Stock Exchange, blaming unfavourable market conditions.

One bank has sent out invitations for a $200m refinancing being raised by Indian travel company Cox & Kings, according to two sources.

UK law makes it tough for authorities to prosecute banks over Libor manipulation, so individuals look set to bear the brunt of the criminal investigations, with the first successful prosecution handing former UBS and Citi trader Tom Hayes 14 years in prison.

HSBC’s second senior unsecured dollar benchmark of the year and a $1.25bn hybrid deal from Citi provided the highlights of a relatively quiet week for financial issuance in the US.

UK chancellor of the exchequer George Osborne picked Monday evening to sell a much-hyped 5.4% block of shares in Royal Bank of Scotland.

Despite a flying start to bookbuilding, the HK$11bn ($1.4bn) IPO of China Railway Signal & Communication Corp (CRSC) in Hong Kong eventually succumbed to the turmoil in China’s stock market, forcing it to price at the bottom of the range on August 1.