Citi
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Wizz Air, the Hungarian budget airline, has received enough interest from investors to complete its €300m London listing, and will close the bookbuild a few hours early, at 10pm on Monday night instead of noon on Tuesday. -
First Gulf Bank (FGB), the third largest bank by assets in the UAE, is out with its first dollar bond since 2013. Leads talked the five year bond at 100bp-105bp over mid-swaps on Tuesday morning.
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Mansour Nehlawi, a banker in debt syndicate at Citi, is relocating from Hong Kong to London.
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Will Weaver’s promotion to run the EMEA debt capital markets business at Citi last week took many by surprise. That was no comment on Weaver’s talents, but on the expectation widely held that top jobs can't go to CEEMEA bankers. After all, they rarely do.
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Sadbhav Infrastructure Project, a spin-off of India’s Sadbhav Engineering, is set to begin pre-deal investor education on a $170m IPO early next month.
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Korea Hydro & Nuclear Power (KHNP), a subsidiary of Korea Electric Power Corporation (Kepco), has mandated four banks to prepare its return to the offshore debt market which could come as early as in April.
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French oil company Total SA has mandated banks for a multi-tranche euro hybrid bond deal, after the drop in oil prices last year put the credit ratings of oil companies under pressure.
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AusNet Services, the Australian electricity and gas distributor, issued a €560m 12 year bond on Friday, raising precisely the sum it wanted to swap into Australian dollars. The bond was priced close to the issuer's curve.
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Citi has announced the successor to Paul Young as head of EMEA debt capital markets and syndicate
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Italian electricity company Enel refinanced a €9.4bn credit facility on Thursday and reduced the margin on the loan from 190bp to 80bp over Euribor.
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Tuesday brought three block trades in Europe’s equity capital market. The European Bank for Reconstruction and Development sold its whole 5.1% stake in PKP Cargo, a Polish rail freight operator, for Z197m (€47m) via Goldman Sachs and Wood & Co.
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