Citi
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Sweden has mandated banks to run a benchmark in dollars, taking advantage of a clear window of issuance in the currency this week because of holidays in Japan. -
South Korea’s Shinsegae Group is making a rare return to the international bond market following an eight year absence, receiving bids for a 30 year non call five bond, which comes with a direct guarantee from Kookmin Bank (KB).
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Far East Horizon has been at the centre of second sell down in less than a month, with KKR offloading shares via a HK$1.54bn ($199m) block trade on the evening of May 4. While orders were aplenty, they were small in size given the Hong Kong-listed stock’s recent run-up in value.
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Puradelta Lestari has opened books on its Rph3.79tr ($293.28m) IPO in Indonesia, kicking off its second attempt. A shaky market could again rear its ugly head but bankers are feeling more assured this time around after the issuer agreed to a hefty discount.
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Shareholders of UFO Moviez have added Rp6.125bn ($96m) to their coffers after the company’s IPO priced at the top of guidance, despite the deal seeing just a small oversubscription because of the recent battering suffered by the Indian stock index.
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Citi has announced the appointment of Ian Maxton as managing director and vice chairman of investment banking. The move follows a number of recent hires within Citi’s investment banking and financial institutions businesses.
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Nederlandse Waterschapsbank (NWB) is looking to print its next green bond in dollars, having sold a heavily oversubscribed debut in euros last year.
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This week’s sharp Bund sell-off has shone a revealing light on the European public sector bond market’s dwindling support and growing execution risk, writes Craig McGlashan.
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A nervous tone in the FIG market has already crushed Banco Popolare’s hopes of printing tier two before its quarterly results, and conditions could be just as tough next week.
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Middle East issuance has accounted for nearly 38% of CEEMEA bonds printed so far this year, and that surge is shaking up the CEEMEA league table.
