Citi

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.

OUE Commercial Real Estate Investment Trust (Reit), a well-known name in capital markets, is tapping its shareholder base for S$218.3m ($161.6m) via a nine-for-20 rights issue to fund its acquisition of One Raffles Place in Singapore.

China Huiyuan Juice Group chose June 29 to make a debut in the euro bond market. The timing surprised many bankers off the deal coming in the middle of increased volatility linked to Greece. But bankers on the trade, encouraged by a heavily anchored book went ahead and raised €200m ($223m) from a two hour transaction.

The People's Bank of China surprised the markets over the weekend by slashing rates for the fourth time since November 2014. But the Asian dollar bond market has been paralysed on June 29, due to the spectre of a Greek default and exit from the euro. The only issuer braving the market is China Huiyuan Juice Group which opened books for a three year deal in euros that was fully covered by anchor orders.

HSBC has hired a banker from Citi to replace Charlie Morin, who left his job as head of FIG DCM for France and Belgium last month.

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.