Citi

Citi India has appointed UBS veteran Arvind Vashistha head of equity capital markets for India.

Feiyu Technology International Company, a Chinese mobile game developer, is gauging investor appetite for a Hong Kong IPO of around $100m and is predominantly targeting Asia to drive the trade.

Bank of East Asia raised $500m in its first Basel III deal, managing to attract a huge order book which allowed bankers to tighten guidance by 30bp.

Regulators have agreed a first round of fines over rigging the G10 FX markets, but with big beasts such as the US Department of Justice conspicuous by their absence from the settlement, there could be plenty more to come.

Virgin Money, the UK challenger bank backed by Richard Branson and Wilbur Ross, succeeded in pricing its £312m IPO on Wednesday, though at the bottom of the price range. The sale brought the former Northern Rock back to the stockmarket, six and a half years after it was nationalised after suffering a deposit run in 2007.

German IT company SAP today priced €2.75bn of the €4bn bonds it said it would issue to fund its acquisition of US expenses software firm Concur. The deal generated huge demand, with order books across the three tranches bulging to €11bn.

The November deluge of dollar supply continued as companies from across the high-grade spectrum printed a total of $25bn in three days of issuance this week, led by nervous energy and resources companies.

Russian private bank Otkritie Financial Corp Bank (formerly Nomos Bank) this week became the first Russian bank to achieve a loan with international lenders since the EU and US imposed a deeper round of sanctions – specifically targeting loans to Russia – on September 12.

Finnish export credit agency Finnvera priced a third and last issue of the year on Thursday, with what is only its second deal in euros.

Malaysian conglomerate Sime Darby has picked four banks to supply the funds for its latest loan. The size of the fundraising is around $800m and it is split into a revolver and a term loan.

Bain Capital made Rp24.6bn ($400m) on November 6 by selling a chunk of its shares in India’s Hero MotoCorp in what was one of the largest block trades from the country this year. Strong appetite, particularly from long-only investors, meant the private equity firm raised almost double its initial target.

Bank of East Asia has launched its first Basel III bond, opening book building for a tier two dollar offering on Thursday. It becomes the second Hong Kong bank this year after Dah Sing Bank at the start of 2014.