Citi

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.

KazMunaiGas is still arranging its $600m loan through operating subsidiary, Urikhtau. The deal will likely close early next year, said a banker on the deal. A banker away from the deal said the deal may be struggling.

Linekong Interactive Co is now likely to raise HK$724.91m ($93.49m) in its IPO on Hong Kong’s Growth Enterprise Market (Gem) board, following a decision by its shareholders not to cash out of the company. One of its three cornerstone investors has also pulled out of the deal.

Africa Finance Corp has obtained a $300m term loan from 23 banks. The deal received over $630m of commitments from investors.

Game developer Linekong Interactive is shrinking the size of its IPO to around $94m from its previous target of HK$1.09bn ($141m) after the selling shareholders decide not to offload any of their stakes.

Louis Dreyfus Commodities Metals Suisse, a subsidiary of Louis Dreyfus Commodities, has signed an $800m dual tranche loan with a group of 46 banks.

Citi has promoted its head of Asia Pacific debt syndicate, Duncan Phillips, to managing director, a move that will come into effect at the start of 2015, according to a bank spokesman.

Gamesa, the Spanish wind turbine manufacturer, has signed a €750m syndicated revolver with a single bullet repayment in December 2019. The banks are the same as those on Gamesa’s loan signed in March, except for Bankia, which is no longer participating.