Citi
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Singapore Telecommunications (Singtel) raised $500m through a 10 year bond on June 23, pulling off a big coup by not only pricing the deal tightly but also finding an opportune window to execute its trade.
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Bank of China has opened books for what will be landmark deal issued in four different currencies in the same day. However, some investors decided not to jump into the deal, thinking that the issuer came out with too tight pricing from the beginning.
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Bond issuers in Asia are rushing out to meet investors with Beijing Energy Investment Holding (BEIH), China Overseas Land International and Shanghai Construction Group on the road.
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Details on the margin for Bank Rakyat Indonesia’s (BRI) $550m borrowing have come to light. Although at this point the loan is likely to wind up as a club, some banks are keeping the possibility of further syndication open.
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National Bank of Egypt has set roadshow dates for a prospective dollar senior deal, and will be ready to launch the transaction next week.
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A trio of investment grade names launched new deals on Tuesday as Asian bond bankers were bolstered by hopes that Greece's latest budget proposals would stave off a debt default and lead to a deal with creditors later this week. But they believe the market is still volatile and as a result only strong high grade names will be able to get deals done.
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Citi is stepping up its focus on commercial banking clients by hiring Eric Au as director of capital markets origination, Asia Pacific, for the firm’s commercial bank.
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Bank of Georgia intends to float its wholly-owned subsidiary Georgia Healthcare Group on London’s main market in either September or October.
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The Republic of Kazakhstan has hired Citi and JP Morgan, which both led its last bond, to arrange a dollar Reg S/144A bond. Investor meetings for the note start on Wednesday.
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Russia’s Industrial Metallurgical Holding (KOKS Group) has extended a consent solicitation offer linked to potential new public bond deal.
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Wenzhou Kangning Hospital Co is planning a Hong Kong IPO worth $150m in the third or fourth quarter of this year, and has filed a preliminary prospectus to start the listing process.
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Chinese names have packed up and are heading out for investor meetings across Asia and Europe as the issuers consider bonds denominated in dollars, renminbi and euros.