Citi

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.

Game developer Linekong Interactive is guiding investors to the bottom of the price range for its IPO, which will now raise HK$1.09bn ($141m) on the Growth Enterprise Market (Gem) board, as the sluggish performance of the technology sector leads to a lukewarm response from investors.

Fiat Chrysler Automobiles raised $3.46bn on Wednesday, when it priced its $2.5bn mandatory convertible bond and $957m share offering, designed to strengthen its balance sheet and gain a new investor base in the US.

Standard Bank — Bulgaria

Kazakhstan state-owned oil and gas company KazMunaiGas is looking to close a loan of as much as $600m through its operating subsidiary Urikhtau before the end of the year, said bankers involved with the deal.