Citi

Two shareholders in Spain’s Distribuidora Internacional de Alimentación (DIA) have exited the supermarket chain in a €408.5m block trade.

Hyundai Innocean and Mirae Asset Life Insurance have passed their respective listing hearings with the Korean regulator, adding a dash of excitement to what has been a quiet period in Korea’s IPO market so far this year.

Industrial and Commercial Bank of China (ICBC)’s Dubai branch wrapped up a stylish debut on May 18, selling a $500m five year bond. Encouraged by its success, ICBC Singapore opened books for a three year dollar bond the very next day.

China’s beleaguered real estate players are starting to find favour again with equity investors, with CIFI Holdings and Greenland Hong Kong Holdings raising HK$1.32bn ($170m) and HK$1.70bn, respectively, from top-up placements.

Beijing State-owned Assets Management (BSAM) successfully printed its first international bond on May 18 on the back of strong demand. Investors piled in to get their hands on a Beijing-linked state-owned entity.

McDonald’s Corp fell victim to a lack of demand for long dated euro bonds on Monday. It was forced to pull the 20 year component of what had been planned as a four tranche deal.

Siltronic, the German silicon wafer manufacturer, launched its IPO in earnest today, as investor education began for its listing in Frankfurt.

Two Australian banks are exploring the dollar markets. Westpac has opened guidance on a fixed and floating rate note and Macquarie is meeting investors for a subordinated tier two.

Indonesia’s Puradelta Lestari raised just Rph1.01tr ($76.3m) from its IPO after pricing the deal at the lowest end of expectations and slashing the number of shares by more than half.

Beijing State-owned Assets Management (BSAM) and ICBC's Dubai branch are venturing out into the dollar bond market for the first time.

Taiwan’s biggest steel producer China Steel Corp has approached lenders for a $400m seven year fundraising. Two Taiwanese banks are arranging the financing, which offers banks comfort in the form of a cap on the Taifx-Libor differential.

About seventeen lenders have come in for a piece of Noble Group’s $2.25bn syndicated loan during general syndication. The facility’s 15 leads held roadshows in Europe and North America, in addition to Asia, and the list of incoming banks reveals plenty of western liquidity.