Citi

Dubai’s Noor Bank is planning a five year dollar sukuk and its lead managers are planning to open books for the deal on Tuesday.

Doosan Heavy Industries & Construction has opened books for its first dollar bond in the offshore market on Monday, having completed a global roadshow last week.

Industrial property developer Puradelta Lestari has started sounding out investors on its $200m-$300m IPO in Indonesia – its second try at tapping the equity capital market in as many years. But this time could be different as Indonesia is back firmly on the radar of investors.

Investors welcomed the return of Industrial Bank of Korea (IBK) in the dollar bond market on April 16, happy to get their hands on one of the less active policy banks. Pleased with the quality of the order book and the pricing level, the issuer decided to increase the size to $700m.

South Korean construction company IS Dongseo is planning to tap equity investors for $250m via the issuance of global depositary receipts, in what will be one of the first chunky equity deals out of the country this year.

South Korea’s Nonghyup Bank has selected four banks ahead of $300m Reg S outing in the first half of 2015. The Korean lender is looking to ride the recent bullish tide for Korean financial bonds and is willing to increase the size if demand is strong enough.

India’s Bharat Petroleum Corp (BPCL) has mandated four banks to help with the company’s return to the dollar bond market following a two and a half year absence.

The first quarter numbers of the biggest US investment banks show that the right kind of volatility is back in the market, as divergent central bank policies pushed investors to take a view.

Citigroup’s institutional clients group, which contains the bank's trading and investment banking operations, failed to match year over year improvements posted by many of Citi's other operations.

Solairedirect, the French solar power developer and asset manager, began the bookbuild on Thursday for its Paris IPO, which it hopes will value the company at €375m to €444m, as it seeks to quicken its installation of solar parks.

Some senior unsecured FIG borrowers in euros were met with a less than stellar response from investors this week.

Türkiye Sinai Kalkinma Bankasi (TSKB) sold a $350m five year bond with a 15bp new issue concession on Wednesday. Other Turkish banks are looking for their own issuance opportunities.