Citi
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World Bank has been busy in local currencies this week, printing its first deal in Mexican pesos this year and doubling the size of an 11 year Kangaroo bond.
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Israel Electric has mandated Barclays and Citi to arrange a dollar bond. Investor meetings are taking place in Europe and the US on Monday and Tuesday.
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Indian power utility company CESC raised Rp4.91bn ($80m) from a qualified institutional placement on Tuesday night, with demand strong enough for the group to exercise its entire greenshoe option.
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Hutchison Whampoa showed off its impeccable access to bond markets today by selling dollar and euro bonds in the same day, and raising $5.4bn with heavily oversubscribed books.
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The Inter-American Development Bank is set to become the first issuers to test the dollar market this week, having mandating banks for a tap on Tuesday afternoon.
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Jaguar Land Rover, the UK car manufacturer owned by India’s Tata Group, has launched a $500m intraday bond issue on Tuesday.
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Global Ports Holding, which operates three ports in Turkey, has mandated Citi and JP Morgan to arrange its debut bond.
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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.
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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.
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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.
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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.
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Louis Dreyfus Commodities is refinancing a loan facility raised in December 2011, reducing the amount from $800m to $600m.