Citi

Pelindo III eyes maiden dollar bond — Indonesia's MPM seeks debut — Tata Comms looks to tackle dollar inaugural — FWD picks five for roadshows — IFC mandates three for dim sum — Honghua seeks international debut

Emirates NBD sold a $500m perpetual bond on Wednesday. The bond priced flat to the borrower’s existing Basel II compliant note. However, bankers away from the deal said that it looked to have struggled throughout the execution process.

ICICI Bank opened books for a 5.5 year bond on September 11, just four months after the Indian lender last tapped the dollar market for funding.

The Kingdom of Bahrain will price its 30 year transaction at a yield of 6% on September 10. The offering is the first dollar bond from the country this year.

Oil rig maker Honghua Group is looking to make a debut in international markets. The Chinese company will be kicking off investor meetings for a proposed Reg S/144A dollar offering this week.

Andres Esteves’ BTG Pactual will aim to become the second Brazilian bank to issue a Basel III compliant tier one perpetual bond when it completes a roadshow on Wednesday.

Turkish home appliances and consumer electronics company Arcelik has launched on Tuesday the first ever sub-investment grade emerging market euro deal with no high yield covenants. The note was priced flat to the company's dollar curve and books for the €350m deal were over €900m.

More issuers are expected to take advantage of a booming senior market in euros later this week, following a pair of well received seven year prints from JP Morgan and Finnish insurer Sampo on Tuesday. A strong market tone following last week’s European Central Bank meeting and hunger for paper after a quiet summer period are expected to keep demand strong.

The Kingdom of Bahrain was on track to price the first dollar bond from the country this year on Tuesday, having released initial price thoughts for a 30 year bullet bond on Tuesday at low 6%.

Emirates NBD announced on Tuesday a new tier one perpetual offering. However, the bond will not be Basel III compliant and therefore will not have a point of non-viability (PONV) feature.

US chemicals producer FMC Corporation is using a bridge loan to back its $1.8bn acquisition of Cheminova, the Danish crop protection company, from Auriga Industries.

Macquarie and Zurich Insurance kicked off what is expected to be a busy week for senior issuance on Monday as issuers looked to take advantage of positive sentiment following last week's European Central Bank meeting. Zurich was able to draw together a comfortably oversubscribed book, while Macquarie printed with only a small new issue premium compared to secondary paper.