Citi

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.

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

Game developer Linekong Interactive Co is seeing traction for its $187m IPO on the Growth Enterprise Market (Gem) board after opening books on Monday and is having to share the limelight with two of Hong Kong’s biggest listings this year.

The blockbuster demand for Cheil Industries’ W1.52tr ($1.4bn) South Korean IPO, which priced at the top on Friday evening to become the country’s largest listing since 2010, has led to a handful of investors ending up with no stock at all while many bidders have received just token allocations.

India’s Sadbhav Engineering will spin off its 77.42%-owned unit in an IPO that is expected to fetch at least Rp6bn ($96.93m).

Cheil Industries has become the biggest listing from South Korea since 2010 after pricing its W1.52tr ($1.4bn) IPO at the top of the price range on Friday evening. Massive oversubscription in the books now mean that allocations will be a challenge with investors unlikely to get their hands on as much stock as they’d like.

Royal Bank of Scotland subsidiary Citizens Bank scored a hit on its senior debt issuance debut amid strong supply from the US financial sector this week.

Volvo joined the growing group of corporate issuers of hybrid capital on Wednesday, when it priced its first hybrid bonds. The deal was popular with investors, generating €7.4bn of orders.