Citi

Wells Fargo launched its first sterling bond issue in over two years on Wednesday, showing the appeal of euro funding for US banks has faded since January.

Achmea Bank struggled to drum up interest for a euro print on Thursday, with syndicate bankers away from the deal blaming a limited premium and fears over Greece.

Pelabuhan Indonesia II, or Pelindo II, has mandated five banks to arrange a global roadshow ahead of a planned Reg S/144A dollar bond, which will be the Indonesian port operator's debut if it goes ahead with the deal.

Indonesia’s Bumi Serpong Damai (BSD) has met investors ahead of its first outing to the offshore debt market with a five year bond dollar bond.

The Asian IPO market has picked up a notch this week, with Shanghai Haohai Biological Technology opening books for its Hong Kong listing and others across the region also preparing deals.

Turkiye Sinai Kalkinma Bankasi sold its $350m five year bond with a 15bp new issue concession on Wednesday. Other Turkish banks are looking for their own opportunity to jump in.

Industrial Bank of Korea (IBK) is wasting no time with its latest dollar bond, launching a five year trade on April 16 just one day after the official mandate of the deal was announced.

Chinese department store operator Golden Eagle International Trading, which launched a $500m three year bullet into general earlier this month, has signed a facility agreement for a bigger loan with 12 lenders.

Turkiye Sinai Kalkinma Bankasi has tightened price guidance for its $350m five year bond to at 375bp-387.5bp over mid-swaps.

Indonesia’s Bumi Serpong Damai (BSD) has kicked off a roadshow on the week of April 13 ahead of its first outing to the offshore debt market with a five year dollar bond.

South Korea’s SK Lubricants has revived plans for its listing almost three years after it first floated the idea, with a source saying that an IPO of as much as W900bn ($822m) is expected to hit investors’ screen this year.

Indonesian industrial park developer Puradelta Lestari is reviving its IPO plans nearly two years after scrapping a Rph1.95tr ($191m) deal, and is counting on improved sentiment for stocks from the country to push the listing ahead.