Citi

Jumbo transactions from Japanese banks are nothing new when it comes to the international debt market although Sumitomo Mitsui Banking Corp (SMBC) did surprise some by opting to pay up with a $3bn four tranche offering on July 14.

Korea National Oil Corp (KNOC) has announced a series of investor meetings in Asia, Europe and US as it gears up for the first offshore bond of 2015.

The future of Greece as a eurozone country was hanging in the balance on Wednesday — all but shutting down the euro benchmark market for public sector borrowers.

Tianjin Binhai New Area Construction & Investment Group Co and Nonghyup Bank braved volatile market conditions to open books for their respective US dollar bonds on Wednesday, as the world waits for signs of a concrete debt restructuring deal from Greece.

Citi has named Christian Kames investment banking head for Germany, Austria and Switzerland.

Kazakhstan opened books on a dual tranche dollar bond on Tuesday morning, and is looking for at least $2bn, according to a source close to the deal. Debt bankers away from the bond felt confident size would not be an issue, but were divided over whether the start point was appropriate or very cheap.

South African firm Naspers opted for a 10 year tenor for its first deal in two years. Debt bankers away from the deal applauded the decision, but could not agree on the premium the deal offered.

Rustavi Azot, the only manufacturer of nitrogen fertilisers in the South Caucasus region, has mandated Citi and Galt & Taggart to arrange a $180m five year non-call three bond. The bond will be the first from a privately owned company in the Caucasus region.

India has told banks vying for divestment mandates in 10 of its state-owned firms to attend a meeting on July 16 in New Delhi, as the government moves forward with plans to raise about $3bn from the selldowns.

The UK Debt Management Office has finalised details on the timing and tenor of what will be its second syndication of the 2015-16 financial year.

CEEMEA debt bankers spent Monday morning on the phone to issuers following news of a Greek bailout agreement. But prospects for supply still hinge on a Greek parliamentary vote on Wednesday, and even then not just any CEEMEA issuer will be able to launch, said debt bankers.

Details of the invitation for a $300m loan for troubled carrier Air India are out. The bank had mandated Citi and State Bank of India to lead the deal in May.