Citi
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Export-Import Bank of India, a prolific issuer in offshore bond markets, launched a 5.5 year US dollar offering on Monday, after Asian bond markets appeared firmer. -
The government of India raised Rs55.6bn ($911m) on March 21 after selling slightly less than half of its stake in one of the country’s largest private sector lender, Axis Bank.
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Robert Snell will join Deutsche Bank as global head of multinational coverage, a new role reporting to Miles Millard, head of capital markets and treasury solutions and co-head of corporate finance.
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Pactera Technology International raised $275m for what will be the first LBO financed by a high yield bond with the proceeds used to as part of the financing towards The Blackstone Group buyout of the firm.
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Investors should expect a rush of aggressively priced deals from SSA issuers in the coming weeks, according to syndicate bankers. Borrowers emboldened by a strong new issue market are considered likely to throw caution to the wind and turn their eye to securing very attractive levels in lieu of large sizes.
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Investors in privately placed MTNs are searching far and wide for yield. Bank issuers from Asia and the eurozone periphery are finding strong demand and will send a spate of notes in the coming weeks, medium term note dealers say.
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Central and eastern European sovereigns are poised to follow Hungary’s bold lead by jumping into the international bond markets to take advantage of a spectacular CEEMEA relief rally, writes Steve Gilmore.
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Unlike the bruising encounter between their countries’ rugby teams over the weekend, the MTN world’s Irish and French representatives have gone a little bit soft.
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Indian travel website MakeMyTrip priced a $126m follow-on on March 13, in a transaction that was enlarged by 22%.
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Maoye International Holdings did not manage to price its debut dim sum bond this week despite leaving books open for four days. Bankers away from the trade suggest that one of the reasons the deal failed was because it didn’t secure an anchor account, raising questions about the reliance on these investors in high yield offshore renminbi bonds, writes Virginia Furness.
