Citi

Strong levels of demand on offer for supranational and agency paper in dollars this week, as investors have grown comfortable with US Treasury yields in the belly of the curve, will hearten the several issuers that are looking at bringing benchmarks in the currency in the coming weeks.

Russian borrowers undaunted by unrest in Ukraine are pushing on with issuance plans and largely being rewarded for their resolve. Gazprombank sold a four times subscribed transaction despite concerns about its Ukrainian exposure while Russian Railways printed a nine year euro bond only hours after Russian fighter jets were placed on high alert.

Goldman Sachs exploited a stable background in the investment grade market to print its biggest fixed rate deal of the year.

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AIA Group is meeting investors in the US this week for what would be its second dollar bond.

Chinese property developer Sunshine 100 China Holdings started receiving bids for its HK$2.4bn ($310m) Hong Kong IPO on Wednesday, with books fully covered by anchor orders before launch.

ICBC International Holdings has priced the debut offering from its recently signed $1.2bn MTN programme, offering investors a new issue premium to encourage participation.

Chinese leasing company Far East Horizon priced its debut dollar bond on Wednesday, overcoming the challenge of investor unfamiliarity with the sector to price inside its CNH curve.

Indonesian company Adira Dinamika Multi Finance has picked four banks to arrange a $200m three year loan, just three months after closing a similar sized facility.

The Republic of Indonesia has mandated banks for a series of investor meetings in Asia, Europe and the US, which began in Singapore on Wednesday.

Citi’s head of equity syndicate for Asia Pacific ex-Japan, Rupert Mitchell, has resigned from the firm to join Goldman Sachs, according to a number of sources with knowledge of the situation.

There is talk of a stream of bond mandates from Peru, but bankers covering the country warn that LatAm DCM bankers seeking possible avenues of new supply should temper their excitement.