Citi

CarTrade Tech was approved by market regulator Securities and Exchange Board of India on Monday to proceed with its listing.

Singaporean sovereign wealth fund Temasek offered investors 10 year, 20 year and 40 year bonds this week when it priced its $2.5bn deal.

China Lesso Group’s $550m-equivalent dual-currency loan is in the market, with an open invitation for banks to join at three levels.

Turkish renewable energy company Aydem Yenilenebilir Enerji launched its debut bond on Monday, a green dollar offering.

India’s largest ever leveraged buyout loan, tied to Blackstone’s stake purchase in IT services company Mphasis, is in the market, after inviting a wide group of banks to participate in general syndication.

Star Health and Allied Insurance filed a draft IPO prospectus with India’s securities regulator this week, become a rare private sector insurer to head for a listing.

Citi has named Rahul Saraf as head of investment banking for India, effective on Wednesday.

China Citic Bank International has sold a $600m Basel III compliant additional tier one bond, ahead of plans to call one of its other bank capital trades later this year.

British Airways issued its first sustainability-linked bond this week, something still very rare in the airline industry. It was one of only a handful of issuers that braved volatility to enter the US corporate bond market this week.

The World Bank made a rare trip to the long end of the dollar curve on Thursday, reopening a 2031 line linked to the Secured Overnight Financing Rate (Sofr).

Kakao Bank has defended its valuation following a W2.55tr ($2.2bn) IPO after being questioned by South Korea’s regulators about its high pricing. The internet-only bank is only the latest in the country to be targeted by authorities cracking down on lofty valuations of new listings. Jonathan Breen reports.

The European Commission rounded off its pre-summer funding with a dual tranche outing this week. Despite the huge size raised, the execution was remarkably smooth, as is becoming a signature for the EU. But while the EU’s credentials as one of the top SSA issuers are beyond doubt, questions remain as to whether it is a supranational, or a quasi-sovereign issuer of eurozone safe assets.