Citi

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.

Pilot fishing has begun for what could be one of the highest profile IPOs of 2015 – that of Poste Italiane, the Italian postal service.

Rating: Aaa/AAA/-

The UK Debt Management Office has announced which banks will be on its next bond syndication, a conventional Gilt with a maturity of at least 40 years, scheduled for the second half of July.

After a week’s hesitation, Deutsche Pfandbriefbank has gone ahead with its IPO, in a sign of confidence in the market – despite the ever uglier masses of cloud building over Greece and China. If it is completed, the deal will raise over €1bn, and be almost certainly the largest IPO left in the European market before the August lull.

Citi has shaken up its UK management as it tries to address underperformance in Europe’s biggest investment banking market, writes David Rothnie.

A W240.4bn ($212m) accelerated bookbuild in Korean Air Lines collapsed on July 8 after investors baulked at buying shares as the worst rout in China’s domestic stock market in years spilled over into the rest of Asia.

A pair of public sector borrowers were able to place larger than planned dollar benchmarks on Thursday.