Citi

Portugal priced an oversubscribed dual tranche benchmark on Wednesday afternoon, executing the deal during a sell-off in Europe’s periphery.

Garanti Bankasi of Turkey has signed the mandate letter to refinance a $1.5bn loan and confirmed that both tranches will have 367 day tenors.

China National Offshore Oil Corp (CNOOC) executed a triple tranche offering on April 28, making it the second time a Chinese oil and gas firm has tapped the international bond market with a multi-tranche deal in two weeks. While CNOOC received less attention than rival Sinopec, it still managed to raise an impressive $3.8bn.

China Construction Bank Corp (CCB) has picked eight banks to work on what will be the first Basel III tier two deal from a Chinese bank in 2015.

Bank of India (BOI) demonstrated this week that absence really does make the heart grow fonder, getting a rousing reception for its return to the international bond market. A large oversubscription allowed the borrower to raise the upper end of its targeted size and shave 20bp off initial guidance.

Brazilian cement company Votorantim Cimentos is planning a euro transaction and has picked banks for a May roadshow.

India’s Bharat Petroleum Corp (BPCL) has opened books to what will be its first dollar outing since October 2012. Ahead of its comeback, the Baa3/BBB- rated Indian borrower met potential investors in Asia and Europe.

International Bank of Azerbaijan has signed a $200m loan which was launched at $125m and increased after oversubscription.

A bevy of periphery borrowers have picked this week to get deals away — to varying levels of success — as negotiations over the financial future of Greece take on a more positive tone.

Portugal is looking to take advantage of improving sentiment around Greece with a dual tap — but not every periphery issuer has been able to capitalise on events in Athens.

BlackRock is set to price its first ever euro senior unsecured trade on Tuesday, opening books for a SEC registered 10 year print that had syndicate bankers struggling to pin down relative value.

Oil and gas giant China National Offshore Oil Corporation (CNOOC) opened books to a multi-tranche dollar offering on April 28 in a bid to take advantage of a buoyant primary Asian bond market.