Citi

Lower rated property developers from China are firmly back on the menu for fixed income investors with Fantasia Holdings Group the latest to try its luck on May 27.

Two public sector borrowers have picked banks to run dollar deals on Wednesday — and even more deals could follow, said SSA bankers.

Spain’s Electricity Deficit Amortisation Fund (FADE) has mandated banks for a first syndication in over a year — despite periphery eurozone yields suffering a rocky week.

Egypt has set roadshow dates for its 144A/Reg S bond.

South Korea’s Nonghyup Bank has mandated four banks to work on its upcoming international bond offering, which could come in the second week of June.

Mirae Asset Life Insurance is conducting investor education for its IPO to raise $300m-$400m, as the Korean firm tries for a third time to list following several stalled attempts.

Italy’s Banca Monte dei Paschi di Siena will on Monday launch a long-awaited rights issue to close a capital shortfall identified by European banking regulators last October.

Hydropower producer China Three Gorges Corp (CTG) has mandated Deutsche Bank, ICBC International and JP Morgan as joint global co-ordinators for its first venture into the international bond market.

While banks have engaged in some genuinely appalling conduct and been punished for it, the quantum of fines has become seriously disconnected from — well, anything. It is not just bad for bank shareholders, it is bad for regulatory credibility.

A dollar market that has been a haven for issuers avoiding the troubled euro sector is starting to show signs of congestion, bankers have warned.

US investors showed few signs of fatigue as they continued to pour cash into corporate high grade debt amid an unrelenting pipeline of dollar issuance this week.

General Electric became the latest US issuer to hit the euro bond market with a multi-tranche deal on Wednesday. Unusually, the bond was issued by GE itself, not GE Capital.