Citi

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.

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).

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.

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.

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.

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.

Nederlandse Waterschapsbank (NWB) is looking to print its next green bond in dollars, having sold a heavily oversubscribed debut in euros last year.