Citi

Far East Horizon has been at the centre of its second selldown in less than a month, with KKR offloading shares via a HK$1.54bn ($199m) block trade on the evening of May 4. While there were plenty of orders, they were small in size because of the Hong Kong-listed stock’s recent run-up in value.

Shinsegae Group wrapped up a stylish debut on May 5, printing a 30 year non-call five hybrid in its first appearance in the offshore bond market. The company made a substantial saving over where it could fund in the domestic market but investors were pleased with the pick-up offered over guarantor Kookmin Bank.

China Merchants Bank (CMB) New York branch opened books on May 7 to a $500m three year bond, which will be the issuer's first outing in the international debt market. Bankers on the deal hope to see huge demand for China Construction Bank’s bank capital trade spill over to CMB New York's issue.

There may have been no tequila at the roadshow but investors piled into Jose Cuervo’s inaugural international bond issue on Wednesday as Mexican companies continue to enjoy heady conditions in capital markets.

Titanium, fluoroproducts and chemical solutions business Chemours sold $2.5bn of senior unsecured notes on Tuesday, proceeds of which will go to its parent, DuPont, in the form of a dividend.

Sweden priced an oversubscribed $2.25bn three year on Wednesday while a German state attracted strong demand to its debut in the currency.

Kunlun Energy Company, a subsidiary of China National Petroleum Corp (CNPC), opened books to a 144A/Reg S dual tranche dollar bond split between five and 10 year deals.

Steel company ArcelorMittal has refinanced a $6bn revolving credit facility, with heavy oversubscription.

China Construction Bank (CCB) has launched the first bank capital deal out of China this year, taking bids for a dollar tier two offering on May 6.

South Korea’s Shinsegae Group wrapped up a stylish debut on May 5, printing a 30 year non-call five hybrid in its first appearance offshore bond. The company made a substantial saving over where it could fund in the domestic market but investors were pleased with the pick-up the deal offered over pricing levels available for guarantor Kookmin Bank.

Noble Group, a commodities supplier, has received a total of $2.25bn in commitments, including $1.5bn from the original 15 mandated lead arrangers and bookrunners. The commitments cover the amount it was seeking when it launched the deal into general on April 8.

The privatisation of Slovak Telekom is reaching its climax, with a covered message published this morning and refined price guidance expected tonight or tomorrow morning.