Citi

Chilean natural gas terminal operator GNL Quintero will begin investor meetings on Friday ahead of a potential debut 144A/Reg S dollar bond issue, extending a busy start to the second half of the year for Chilean issuers.

The HK$7.9bn ($1bn) rights issue by HKT Trust was approximately 99.4% covered by existing shareholders, according to July 16 exchange filing by the company.

The European Investment Bank, which is over 75% funded for the year, went strategic this week by dipping into South African rand with a curve extending eight year deal. Elsewhere, the International Finance Corporation and KfW picked up funding in Australian and New Zealand dollars.

Technology services company Rolta India announced its second dollar bond on Wednesday afternoon opting to open books to US investors first. After receiving $1.25bn in bids during US market hours, dealers have now revised initial guidance for the five year non call three to the 9.25% area on Thursday morning.

Unifin Financiera drew out the good form of the LatAm high yield market as well as reinforcing the prominence of Mexican non-bank lenders as issuers in the bond markets with a five year debut that priced between its peers Findep and Crédito Real.

Mexico has broken new ground in the Samurai market after it priced a triple-tranche deal on Tuesday which did away with the need for involvement from the Japan Bank for International Co-operation (JBIC) and included a 20 year slice — a first for a Latin American borrower in yen.

Internet giant Yahoo announced on July 15 that it will be selling 60m fewer shares in Alibaba’s IPO. The listing is expected to hit the market either at the end of the month or at the start of August.

Citigroup’s second quarter profit was 96% lower from a year earlier, suffering from the $7bn agreement it made with federal prosecutors over the weekend, but expected declines largely beat expectations.

Mexico has added a 20 year and removed a three year tranche to a Japanese yen denominated Samurai deal set to price at market opening in Tokyo on Tuesday.

Southeast Asia’s largest e-payment firm MOL Global filed for a $300m Nasdaq IPO on July 14, which could see it become the first Malaysian firm to go public in the US.

Unifin Financiera hopes to join the line of Mexican non-bank finance companies accessing international bond markets after releasing initial price thoughts of high 6%-7% for a debut five year non-call three issue.

IDBI Bank is meeting investors for what would be India’s first international offering under Basel III regulation, opening to door to further issues from the country's lenders.