Citi

Jaguar Land Rover, the UK car manufacturer owned by India’s Tata Group, has launched a $500m intraday bond issue on Tuesday.

Global Ports Holding, which operates three ports in Turkey, has mandated Citi and JP Morgan to arrange its debut bond.

Korea Expressway pulled its dollar bond before the US open on Monday night after the issuer realised it was not going to achieve its target price. Bankers are frustrated and say that a decent trade could have been done at a higher yield, but the issuer was not willing to pay up.

Evraz North America is roadshowing a $500m five year non-call 2.5 year US high yield bond. The deal is being arranged by Citi and Goldman Sachs.

Hong Kong giant Hutchison Whampoa is tapping the offshore market only for the first time this year and is looking to issue in both US dollars as well as euro via two separate deals.

The Islamic Republic of Pakistan’s $816m divestment of some of its stake in Oil & Gas Development Company (OGDCL) is now on track for early November, after a local court order that halted the sale was dismissed by the Supreme Court.

Louis Dreyfus Commodities is refinancing a loan facility raised in December 2011, reducing the amount from $800m to $600m.

Loans business is busy in several African countries, with two bank deals having been signed and a railway infrastructure financing package mandated.

South African First Rand Bank has mandated Citi, Mitsubishi and Rand Merchant Bank to arrange a dollar Reg S bond.

Fresenius Medical Care priced its $900m senior unsecured high yield issue in the 144A market on Friday October 24.

French chemicals company Arkema has closed the syndication of the €1.5bn bridge facility for its €1.74bn acquisition of Bostik.

Mubadala GE Capital has mandated Barclays and Citi as global co-ordinators and joint lead managers and First Gulf Bank, HSBC, Natixis as joint lead managers for a dollar benchmark 144A bond.