Citi
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Aydem Yenilenebilir Enerji, a Turkish renewable energy generation company, is seeking to sell a green bond in its debut international debt offering. It joins a string of Turkish corporates that have stepped into sustainable finance in the past few months to tap into a diverse investor base. -
Alfa Bank, Russia’s largest privately owned bank by assets, loan portfolio and equity, is seeking to sell an international rouble bond. It last entered international markets in April, selling a dollar bond.
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Indian food delivery platform Zomato has wrapped up its IPO 38.25 times subscribed. A stream of orders poured in from all corners of the market, with foreign institutions driving the deal.
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China Lesso Group, a building materials manufacturer, has mandated five banks for a new money loan, returning to the market after two years.
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Adani Electricity Mumbai used a sustainability-linked bond to raise $300m, as the energy company transitions to more renewable power.
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Four public sector borrowers received strong receptions in the primary US dollar market this week, with a lack of supply in the currency over the last few weeks overriding volatility in US Treasuries.
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Leasys, an Italian car rental company, and similarly rated commercial property investor Lar España Real Estate competed for investor attention on Thursday with debut green deals, in a major test for the type of esoteric issuers that typify the slower summer market.
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African Development Bank and New Development Bank received ample demand in the primary dollar public sector bond market on Thursday, allowing the supranational borrowers to print chunky deals.
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The Republic of Benin launched its debut SDG (Sustainable Development Goals) bond in its second international offering of the year, following a two year hiatus. Market participants say although deals like Benin’s are getting over the line, concerns are brewing over the sustainability of high yield sovereigns tapping investors so freely.
