Citi

Dubai Aluminium (Dubal) has set pricing terms and drawn as many as 20 banks for a $1.8bn seven year loan.

Cheil Industries became the biggest listing from South Korea since 2010 when it priced its W1.52tr ($1.4bn) IPO at the top of the range on the evening of December 5. The blockbuster demand for the trade posed a big challenge during allocations, with a handful of investors ending up with no stock at all while many bidders received just token allocations.

New York-listed Chinese medical technology provider Wuxi Pharmatech is cooking up a $150m dual tranche loan with one mandated lead arranger and bookrunner.

The Hong Kong IPO market was off to a busy week, with Dalian Wanda Commercial Properties and Linekong Interactive rushing to complete chunky deals before the markets break for Christmas. But the flood of activity also left one victim in its wake, as M800 chose to delay bookbuilding until January rather than compete with its rivals for investor attention.

Korea Electric Power Corp (Kepco) has raised W211.2bn ($190m) by exiting LG U+, selling its remaining 4.4% stake in the telecommunications company via a block trade on December 8. The deal, widely expected by investors, comes four months after the South Korean conglomerate halved its holding through another transaction that drew a good response from the market.

South Africa’s Standard Bank has signed a $700m three year term loan, while Nigeria headquartered Africa Finance Corporation looks set to close general syndication of its $300m deal by Friday.

A $3.2bn piece of Tata Steel’s $5.6bn multi-trancher has attracted a whopping $1.089bn in commitments during general syndication. The response follows a successful senior phase, which saw eight banks pile in.

Beijing Energy Investment Holding (BEIH) has arranged a series of meetings with fixed income investors starting this week for a dim sum bond issue.

State owned oil 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.

Publicis, the French PR and advertising firm, issued €1.2bn of bonds on Tuesday, equally split between seven and 10 year tranches. The proceeds will be used to fund its acquisition of US marketing and consultancy company Sapient.

Citi has closed a $245m 13 year financing for power transmission projects in south Vietnam, it said in a release on Monday.

Korea Electric Power Corp (Kepco) has raised W211.2bn ($190m) by exiting from LG U+, selling its remaining 4.4% stake in the telecommunications company via a block trade on Monday night. The deal, widely expected by investors, comes four months after the South Korean conglomerate halved its holding in LG U+ also via a transaction that drew a good response from the market.