Citi

Lloyds Banking Group began its long awaited float of TSB on Tuesday, hoping that the rare opportunity to find exposure to UK retail banking will allow investors to look through the weakening sentiment for UK IPOs and any worries about the run of further sales that are to come.

América Móvil could bring its long awaited tap of its global local Mexican peso bonds shortly after mandating banks for a roadshow, though the bluechip telecoms company will face some investors unhappy that liquidity in the innovative instrument has not materialised as promised.

Logan Property Holdings launched its debut transaction in international markets on Tuesday with a five year non call three dollar issue. Although the non-investment grade developer is a relatively new name, it ranks well among Chinese property companies for financial health, and the deal is said to have gotten off to a solid start.

Chinese internet company Xunlei is making its second attempt at listing on the Nasdaq, having filed a prospectus for a $100m US IPO with the Securities and Exchange Commission.

Syndicate Bank is meeting with investors for a proposed dollar bond. It will be the Indian issuer’s first appearance in the market since September 2012.

Vitol’s self-arranged $2.05bn loan to fund the acquisition of Royal Dutch Shell’s Australian business has wrapped up with commitments from 18 lenders.

Pertamina priced the largest single tranche 30 year dollar bond from an Asian corporate issuer in the earlier hours of Friday morning. Despite not announcing the deal until 2:30pm HKT the day before, books built well and investor appetite for Indonesian credits drove pricing through the issuer’s existing curve.

Rating: Aaa/AAA/AAA

Rating: -/-/BBB

Deutsche Bank and Credit Suisse tapped the dollar market with jumbo deals on Thursday, with syndicate bankers predicting a rush of deals from other financials in the near future.

Storming conditions in dollars this week led to a series of blow-out deals — but a large amount of supply in the last two weeks, plus uncertainty over the outcome of upcoming European elections and what the European Central Bank will do at its next meeting could mean that issuance conditions won’t be red hot for much longer. Those problems could also affect euros — where issuers considering deals at the 10 year part of the curve have the added difficulty of offering a sufficiently enticing yield.

Two Mexican financial institutions are meeting the buy-side ahead of the potential dollar issues as the country’s issuers continue to enjoy optimum issuance conditions thanks to strong bond markets and the reform agenda driving popularity with investors.