Citi

Caribbean island nation Jamaica filed a bond shelf with the SEC for issuance of up to $3bn on Tuesday, taking it one step closer to a much anticipated deal that would be at least partly used to finance PetroCaribe loans owed to Venezuela.

Rustavi Azot has released price guidance for its $180m five year non-call three notes at 11%-13% yield. The note is expected to be priced later this week.

Chinese companies are really taking the euro bond market in their stride this year, with Beijing Energy Investment Holdings (BEIH) adding to the record-breaking volumes with another €300m ($326m). But unlike the euro deal from state-owned peer Beijing Infrastructure a day earlier, BEIH had to rely more on anchor orders to get its deal away.

One of India’s largest port operators Adani Ports and Special Economic Zone is venturing into the international bond market for the first time, opening books for a 144A/Reg S five year on July 22.

A rare Greek IPO was announced on Tuesday, as Poseidon Containers, based in Athens, set out to raise about $230m by floating in New York, to finance purchases of container ships.

Three companies on Tuesday added to the prospects for corporate bond issuance in Europe this week. Bolloré and RWE are set to complete deals roadshowed in June while Eurofins scientific has given a new mandate.

Time Warner issued a well received eight year euro bond on Tuesday, as it finally pulled the trigger on a trade that was first mandated at the end of April.

Beijing Energy Investment Holding (BEIH) is set to join the string of Chinese issuers who have increasingly tapped the euro bond market this year.

Tata Steel is looking to reprice a $3.1bn refinancing it sealed in 2014 and has asked banks on that deal for feedback. Although the loan is not performing remarkably in secondary, the company will be able to cut costs thanks to its solid banking relationships, said a source who worked on the 2014 borrowing.

German debt collector Garfunkelux issued a €365m high yield bond on Monday, becoming the first in the mainstream, public euro high yield market since June 24.

Citi has hired a high yield and distressed salesperson from Barclays to its Europe, Middle East and Africa loan sales business in London.

The Republic of the Union of Myanmar could soon be making waves in the international debt market, having enlisted the help of Citi and Standard Chartered to attain its first credit rating.