Citi

Turkiye Sinai Kalkinma Bankasi, the industrial development bank, has closed a €256m-equivalent refinancing loan with banks, increasing it from the deal it signed last year.

Innocean Worldwide has raised W340bn ($302m) from its South Korean IPO by pricing the deal just above the middle of guidance despite turbulent times for markets, thanks to domestic institutions signing up in droves and pushing pricing higher.

European banks could escape the turmoil of the euro market by printing senior debt in dollars in the coming weeks, while the US market has become an equally attractive option for capital seekers, writes Tom Porter.

Turkish financial institutions have taken no notice of the slowdown of deals elsewhere in the CEEEMEA region, with several deals progressing this week.

Deutsche Bank appointed Kenichi Igarashi head of the Japan desk within EMEA Corporate Banking Coverage.

Mexican telco América Móvil has hit the road despite the threat of a Greek default. The firm is looking at dollar and global local peso bonds, but has a definite currency preference, said bankers close to the sale.

Halkbank has agreed a $888m equivalent loan with banks, making use of the novel 364/367 day tenor structure introduced by peer Turkish banks this year.

China Life Insurance issued a core tier two subordinated bond on June 25 as it became the first Chinese insurer to get to grips with the country’s new insurance capital regime. Now that a benchmark has been set, other Chinese insurers are expected to follow in China Life’s footsteps.

India’s IndusInd Bank raked in Rp43.26bn ($681.85m) from a qualified institutional placement on June 26 that proved extremely popular, as the pipeline of ECM fundraisings feeding into the country’s banks continues to stack up.

Public sector borrowers are snapping up opportunities in the medium term note market, as Greece’s bail-out negotiations and imminent US non-farm payroll data stifle syndicated supply.

Mexican telco América Móvil has hit the road despite the threat of a Greek default. The firm is looking at dollar and global local peso bonds, but has a definite currency preference, said bankers close to the sale.

Fiat Chrysler Automobiles has completed syndication of a €5bn revolving credit facility, in the company's first loan refinancing since Fiat Group Automobiles merged with Chrysler last year.