Citi

This week's record-breaking dual currency bond from China Petroleum & Chemical Corporation (Sinopec) showed just how far Chinese issuers have come in the international bond market over the past few years. Sinopec managed to print an impressive $6.4bn and by doing so elevated its status to one of the elite borrowers in the region, writes Rev Hui.

Korea Resources Corp (KoRes) has started receiving bids for a return dollar bond this week. The Korean borrower aims to raise $300-$500m from the new trade as it has an outstanding $300m bond that comes up for redemption next month.

Chilean power generation company Empresa Eléctrica Guacolda is preparing a $500m 10 year bond after completing an investor roadshow on Wednesday.

China Petrochemical Corporation (Sinopec) hit the market on April 21 with a mammoth $6.4bn offering that was split between two currencies and five tranches. While the size of the transaction was impressive enough, it was the deal’s top notch pricing and distribution that drew attention with bankers claiming that Sinopec now belongs to an elite class of issuers.

India’s UFO Moviez is gearing up to go live on the Indian stock market through a Rp6bn ($95m) IPO, which is set to provide some of its existing shareholders the perfect window to trim down their holdings.

India’s Bharat Petroleum Corp (BPCL) has set roadshow dates for what will be its first dollar bond since October 2012.

Gas Natural opted for a drive-by execution for its second hybrid bond, a €500m perpetual non-call nine year, and won a €1.1bn book on Tuesday.

The World Bank will test the short end in dollars on Wednesday, after a pair of issuers came at opposite ends of the curve on Tuesday.

Slovak Telekom set a price range on Tuesday for its joint Bratislava and London listing that values the company at between €1.5bn and €2bn.

Sinopec Group Overseas Development is looking set for another record-breaking transaction in the bond market, having opened books on April 21 for a multi-trancher and dual-currency whammy, which had netted a colossal volume of orders just half a day into bookbuilding.

Indonesia’s Bumi Serpong Damai managed to price its first international on Monday but was hampered by a long past default by one of its sister companies. Bankers say the issuer could have done better in terms of pricing and size had it not been for investor concerns about the ownership risk.

The IPO of Integrated Diagnostics Holdings, a firm that offers diagnostic services and radiology in Egypt, Jordan and Sudan, is covered at the full deal size, Deutsche Bank said on Friday April 24.