Citi

Rolta India is looking to make a return to the dollar market and will be meeting investors in Asia, Europe and the US this week and next.

The Republic of Indonesia will be meeting investors during the next two weeks for what would be its first euro denominated bond. Emboldened by a strong European bid for Asian credits, the sovereign has not been put off by presidential elections scheduled for next month.

Korea Gas Corp (KoGas) priced its third dollar deal of the year on Monday, with the issuer attracting a wave of interest despite choosing an unconventional 12 year tenor. The new bond priced well inside the borrower's curve.

Grupo Bimbo, the Mexico-based global bakery firm, may announce a new $1bn bond issue as soon as Tuesday after completing a roadshow on Friday. LatAm syndicate bankers expect a 10 year tranche and possible 30 year trade.

Accor introduced hybrid capital to a new sector of European industry on Monday, becoming the first hotels company to issue a subordinated bond that is treated partly as equity by the rating agencies.

Intesa Sanpaolo has signed a €75m agreement with the European Investment Bank to support trade between Greece and Italy.

Luye Pharma Group opened books for its HK$5.9bn ($764m) Hong Kong initial public offering on Monday, June 23, with a price range that is at a premium to comparables, as the leads look to take advantage of the company’s strong credentials in the healthcare sector.

Korea Gas Corp (KoGas) is in the market with its third dollar trade of the year. The borrower opened books for a 12 year bond on Monday.

Samsung Group took another step towards restructuring its business on June 19 after Samsung Life Public Welfare Foundation sold more than half its stake in Samsung Life Insurance for W501.6bn ($492m).

Barclays is set to issue £2.27bn equivalent of CRD IV-compliant additional tier one securities after completing its offer to exchange old-style tier one bonds on Friday, bringing the bank’s total outstanding volume of new-style AT1 to more than half its £7bn target.

Nationwide opened books on Wednesday for the first post-crisis UK dual tranche covered bond, and only the second in that format from any jurisdiction this year. The successful outcome may help to establish dual tranche syndication for those issuers looking to raise large amounts of cash without compromising execution.

Alstom Auxiliary Components has widened price guidance on the second lien tranche of a €630m-equivalent loan, a week after offering more spread on its first lien term loan 'B' to attract lenders.