Citi

Peruvian government-owned development bank Corporación Financiera de Desarrollo (Cofide) is starting a roadshow on Monday ahead of a planned senior and subordinated bond issue.

Chinese company Huawei Technologies has wrapped up syndication of its debut loan in the European market, as commitments pooled in to take the deal to a larger than targeted size of $1.6bn.

Thai Airways is meeting investors this week for its first dollar offering and has opted for a senior perpetual bond. Should a bond follow, the borrower will be only the second Thai corporate to tap the dollar hybrid market this year.

Voters in the region’s biggest survey of cash management providers split their admiration between four international organisations.

One week after unveiling the identities of its partners, Alibaba is back in the spotlight once again with another piece of update to its jumbo IPO. The e-commerce giant has finally chosen the New York Stock Exchange as the home for its American Depositary Shares under the ticker symbol "BABA".

India’s ONGC Videsh is looking to make a return to the dollar market and possibly debut in euros having mandated five banks. The oil and gas company is among a growing number of Asian borrowers that are tapping European investor base as accounts seek to geographically diverse portfolios.

Mexican state oil company Pemex pounced on very strong market conditions to reopen its peso-denominated global depositary notes on Thursday, attracting MP57bn ($4.4bn) of demand for a MP11bn tap to continue the run of major new issues in Latin America.

Investors said that Grupo Bimbo had priced its $1.3bn dual-tranche bond “to perfection” after the Mexico-based global bakery firm sold 10 and 30 year debt well inside its existing curve on Tuesday and then saw its bonds remain stable in the secondary market.

Supranationals and agencies are expected to look to non-core currencies — particularly Australian and New Zealand dollars — in the coming weeks as they hunt for attractive funding opportunities. Well-funded issuers may prove reluctant to sell large deals in benchmark currencies, and could instead follow the example of Bank Nederlandse Gemeenten which sold a pair of Australian dollar deals this week.

Three Latin American borrowers started roadshows with bond investors this week as bankers’ predictions that the football World Cup would lead to a slowdown in new issue activity were proven false.

Bayer, the German pharmaceutical and chemical company, set a new benchmark for tight pricing in corporate hybrid capital this week – despite having a big funding need to pay for its $14.2bn acquisition of Merck’s consumer care business.

UK insurer Aviva and French bank BPCE are out with euro denominated tier two deals on Thursday as the FIG market recovers from a slight sell-off following the shock revision of US first quarter GDP figures showing a 2.9% contraction.