Citi

Attractive levels helped drive demand for the first wave of floating rate notes to hit the Euromarket this year on Wednesday, as Bank of Nova Scotia, Rabobank and Société Générale all issued floating rate trades.

The largest publicly listed coal supplier in the world, China Shenhua Energy, is looking to diversify its financing avenues by dipping into the international debt market for the first time.

The Export-Import Bank of Korea (Kexim) has mandated seven banks for its first bond sale of 2015, in a deal that is expected to hit the screens by mid-January. The borrower is making an early start to its fundraising in a year that will see it raise up to $13bn offshore.

Zenith Bank of Nigeria is signing a $300m loan today – its first in the international syndicated loan market. The deal was increased from $250m after being oversubscribed.

Citi looks like it will end this year comfortably on top of the CEEMEA bond arrangers’ league table, having captured a healthy 13% market share, according to Dealogic data.

Linekong Interactive Co has priced its HK$724.91m ($93.49m) IPO on Hong Kong’s Growth Enterprise Market (Gem) board at the bottom of guidance, as investors stuck with the company despite a last-minute delay and downsizing of the deal.

Deutsche Bank looks set to finish second in the 2014 league table for bookrunners of global supranational, sovereign and agency bonds, excluding US agencies. Deutsche has been top every year since 2010.

Beijing Energy Investment Holding (BEIH) issued what looks to be Asia’s last dim sum bond in 2014 on December 16. Despite the issuer’s status as an SOE wholly owned by the municipal government of Beijing, it was not able to tighten guidance by much due to low liquidity in the market.

British Telecommunications has declined to confirm press reports that it is planning a £2bn rights issue as part of its financing for the £12.5bn takeover of EE, the UK mobile phone group. However, the market barely flinched at the news, suggesting a deal, if it comes, will not be a challenge.

British Telecommunications has declined to confirm press reports that it is planning a £2bn rights issue as part of its financing for the £12.5bn takeover of EE, the UK mobile phone group. However, the market barely flinched at the news, suggesting a deal, if it comes, will not be a challenge.

The UK government will sell the next chunk of Lloyds Bank shares using an unusual dribble-out trading plan, in which shares will be sold piecemeal in the secondary market, rather than in a large block, as it has done twice before.

Strong deals from Liquid Telecom, Fidelity Bank, Lake Turkana Wind Power and Africa Finance Corp in recent weeks have highlighted the popularity of supranational and telecoms deals in Africa.