Citi
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Montenegro is on the road next week, visiting investors in Zurich and Geneva on Tuesday, Munich, Vienna and Frankfurt on Wednesday and London on Thursday. Citi, Deutsche Bank and Erste Bank are arranging the meetings.
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Colombia oil pipeline operator Ocensa brought spectacular price tightening and bumper books back to the LatAm bond market on Wednesday when it priced a $500m debut bond 40bp inside initial pricing thoughts.
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Toronto Dominion and Citigroup found investors in receptive mood as they tapped the market this week, rounding off a banner month for FIG issuance in the US in which issuance hit $60bn.
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Strong demand from European investors allowed Intralot, the Greek gambling products and services provider, to increase its high yield bond to €250m today and close the books ahead of schedule.
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Korea Resources Corporation (KoRes) priced a five year transaction on Tuesday night. The issuer will be using the proceeds to repay a project financing facility for a mining project in Mexico.
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BOC Aviation released guidance on a new five year bond on Wednesday April 30. The issuer was last seen in the dollar market in April 2013 when it issued a $350m 4.375% 10 year. In May it issued a tap of this bond to raise $150m.
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Bank of Ireland is set to sell its third senior unsecured benchmark since the financial crisis on Wednesday, choosing a three year deal. Meanwhile, La Caixa has drawn a strong response for a euro benchmark senior unsecured of its own.
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State Grid Corporation of China launched a triple tranche $3.5bn deal on Monday. While the 10 and 30 year tranches priced inside the curve of China National Offshore Oil Corporation (CNOOC), the deal nonetheless suffered from investor fatigue as the market struggled to digest the $9.5bn already raised by Chinese state owned enterprises this month.
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Tata Motors priced a $300m seven year bullet through its subsidiary TML Holdings on Wednesday. The borrowing entity's ownership of Jaguar Land Rover Automotive was seen as bolstering investor support for the credit, enabling the issuer to come tight with what was its first dollar deal.
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Lenovo made its dollar debut on Tuesday night with the largest ever single tranche senior Reg S transaction in Asia. Investors flocked to the deal with an $8bn order book, and bankers said the issuer was able to avoid the concession that it had been expected to pay for being unrated.
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It is the first international bond issuer from Bangladesh, but Banglalink Digital Communications faced more than the usual debutant challenges in its deal last Friday, writes Virginia Furness.
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Doosan Infracore International (DII) and Doosan Holdings Europe (DHEL), part of South Korean conglomerate Doosan Group, are seeking a $1.3bn senior secured term loan from the US market.