Citi
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Korea Exchange Bank took full advantage of investor appetite for Korean bonds and jumped on the tailwind of the sovereign to price a new five year inside its existing curve. -
Mobile network operator Idea Cellular launched a Rs30bn ($507m) primary placement on June 6 in what could be the third largest ECM trade in India so far this year.
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Ardagh, the glass and metal packaging supplier, is set to price $1bn of payment-in-kind notes in dollars and euros tonight, after strong demand from investors enabled sole bookrunner Citi to plan an early closing of the book.
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CMB HK makes dollar debut with three year — KEB rides RoK tailwind — MCC puts dollar return on drawing board — HK Huafa seeks offshore RMB debut
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SM Investments Corp (SMIC) issued its first dollar bond since 2012 on June 3, managing to price inside its existing curve. However, demand was not strong enough to ensure a strong performance in the secondary market, causing it to trade below par.
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China Overseas Land and Investment (COLI)’s dual tranche tap went ahead as planned on Wednesday but reverse enquiry meant that the borrower added a new 20 year bond mid-way through the process. The new bond also doubled the size of the issue to $1bn.
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Brazilian industrial conglomerate Votorantim is looking to buy back as much as $1.06bn of dollar bonds through tender offers for bonds issued by three subsidiaries.
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China Overseas Land and Investment (COLI) has joined the caravan of Chinese property developers taking advantage of improving sentiment towards the sector by reopening a dual tranche bond. The tap of the five and 10 year bonds comes just one month after the original deal priced.
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SM Investments Corp (SMIC) has opened guidance on its first dollar bond since 2012.
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Air France-KLM is preparing to issue a new bond, just as Ryanair, an airline that is in many ways from the other end of the spectrum, is also roadshowing for its first ever bond.
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Tim Reilly, head of North American electronic execution sales at Citigroup in New York, has left the firm.
