Citi

Korea is hoping to get its first taste of covered bonds since a new act came into force in April 2014, with Kookmin Bank scheduled to meet investors next week.

Wednesday was another deal-less day for Europe's investment grade corporate bond market, as choppy conditions led borrowers to shun issuing — despite a packed pipeline.

Oilfield equipment provider Hilong Holdings launched a $100m loan into general syndication, offering generous returns.

National Bank of Abu Dhabi set price thoughts on its first ever international subordinated bond at 5.375% on Wednesday morning. Debt bankers away from the trade doubted the issuer could make a sub-5% finish.

South Korea’s Mirae Asset Life Insurance Co has finally taken its IPO on the road, opening books on June 10 to raise up to W454bn ($408m) from the equity capital market, putting several past failed attempts behind it.

One of India’s largest port operator Adani Ports and Special Economic Zone is venturing into the international bond market for the first time having started gauging investor sentiment this week.

Nokia is refinancing a €1.5bn credit facility as part of its acquisition of Alcatel-Lucent, in a test of whether its relationship banks support the merger — one that could lead to turbulence around the pricing.

Korea Hydro & Nuclear Power (KHNP) raised $300m on June 8 as it continued its tradition of tapping the international bond market at least once a year since 2010.

The transaction that was supposed to open up the additional tier one market in South Korea ended up having the opposite effect last week as Woori Bank’s penny-pinching led to a heavy sell-off in secondary. Woori is unlikely to be damaged by the incident, but it needs to recognise that its actions have consequences for the rest of the market.

Brazilian aircraft manufacturer Embraer’s decision to wait to return to international bond markets appeared vindicated on Monday as it attracted a hefty book as conditions improved in LatAm credit markets.

Konecranes, the Finnish crane manufacturer and servicer, has refinanced a €200m revolving credit facility with its core relationship banks.

Oilfield equipment provider Hilong Holdings has launched a $100m loan into general syndication. Two banks are arranging the loan for the company, which made its debut in the offshore syndicated loan market in 2013 and has visited annually since.