Citi

Bank of Georgia intends to float its wholly-owned subsidiary Georgia Healthcare Group on London’s main market in either September or October.

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.

Russia’s Industrial Metallurgical Holding (KOKS Group) has extended a consent solicitation offer linked to potential new public bond deal.

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.

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.

Rishi Jalan, vice president at Citi, has relocated to the American lender’s Hong Kong office from Mumbai to join its Asia Pacific debt syndicate team.

Innocean Worldwide opened books on Monday, June 22, for its South Korean IPO of W355bn ($323m), on the back of some positive response from the market during the investor education phase.

Commodity trader Trafigura is set to launch its annual financing and is looking for $2bn. The company is in the process of forming the mandated lead arranger and bookrunner group, said a banker.

Red Star Macalline Group Corp priced its IPO in Hong Kong at the top of the range on June 19, raising HK$7.22bn ($931.34m) for the furniture retailer-cum-shopping mall owner that has been dubbed China’s answer to Ikea.

Rating: Aaa/AAA/-

High grade borrowers are set to pull the trigger on a slew of refinancings and M&A deals after the Federal Reserve took a big step closer to its first interest rate rise since 2006 following the conclusion of a two day meeting in Washington on June 17.

Comments from US Federal Reserve chair Janet Yellen this week have fuelled expectations of a rate rise this year — but dollars should remain more attractive for issuance than euros.