Citi
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The post-Easter deal pipeline began to fill on Wednesday, with ING mandating banks to arrange investor meetings ahead of its debut additional tier one trade.
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Chinese department store operator Golden Eagle International Trading has launched a $500m three year bullet into general syndication. Eight mandated lead arrangers and bookrunners are on the deal.
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A CEE sovereign, a Middle Eastern bank and a Jordanian corporate came to market before Easter. While this may sound like the start of an ill-advised and esoteric joke — it is April Fools’ Day after all — this week’s offerings are a perfect showcase of the diversity of CEEMEA credits available.
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Tinkoff Credit Systems has bought back $80m of its 2015s, impressive considering Tinkoff’s bonds have rallied along with the rest of the Russian Eurobond market, according to bankers.
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Royal DSM, the Dutch chemical company, has issued a €500m 10 year bond.
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Poland printed its new 12 year note with a 0.875% coupon on Monday, making a big saving on where it priced a 2024 at 3% last January.
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Chinese department store operator Golden Eagle Retail is due to hit the market for a $400m three year bullet. Eight mandated lead arrangers and bookrunners are helming the deal.
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Narjess Aschi has been appointed Citi’s new head of financial institutions corporate banking for the Middle East and North Africa.
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Tata Motors will open books on its nine-for-109 rights issue next month signing up a whopping nine banks to lead the deal. If the issue raises the targeted Rp75bn ($1.2bn) it will rank as India’s second largest ever rights issue.
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Korea Hydro & Nuclear Power (KHNP) is gauging investor interest for a potential dollar offering having scheduled a series of meetings starting on April 7.
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Prysmian, the unrated Italian cable maker, has issued a seven year bond, increasing the size from €600m to €750m thanks to robust demand.
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Land Securities, the UK’s largest listed commercial property company, has signed a five year loan for £1.3bn with two new banks in the syndicate.