Citi
-
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.
-
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.
-
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.
-
China Lesso Group, a building materials manufacturer, has mandated five banks for a new money loan, returning to the market after two years.
-
