Citi
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AIA Group is meeting investors in the US this week for what would be the issuer’s second dollar bond.
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Property company Sunshine 100 is set to launch a roadshow on Wednesday for a $300m IPO, which will largely be backed by friends and family, as the Chinese real estate sector falls further out of favour with institutional accounts.
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Demand for Beijing Energy’s credit enhanced $300m three year bond this week was fuelled by a rare opportunity to gain exposure to Agricultural Bank of China risk — and a growing feeling that standby letters of credit (SBLC) structures may soon by banned by the regulator.
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Swedbank came to the dollar market for the first time in nearly a year with a $1bn five year 144a offering of senior level bank notes on Thursday.
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Demand for dollar deals from a pair of German issuers surpassed expectations this week, as Erste Abwicklungsanstalt followed a heavily oversubscribed print from KfW with its debut benchmark in the currency — and had to increase the size in the face of strong demand.
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The burgeoning green bond sector took two important strides this week, as the European Investment Bank increased an outstanding deal to the largest volume on record and the African Development Bank entered the Scandinavian capital markets for the first time with its second ever green bond.
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Russian lender Credit Bank of Moscow is pushing on with plans for a $500m IPO later in the year, hoping that Russian equities continue to improve after the disruption in January.
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Blog can’t quite work out whether it is surprising that the majority of investment bankers polled last week hated Valentine’s Day, or completely unsurprising. On the one hand, bankers (speaking in strict stereotypes, of course) are happy for an excuse to flash the cash. On the other hand, most are also known for being able to make rational decisions.
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Peruvian lender Interbank will meet investors this week ahead of a potential senior unsecured bond as LatAm DCM as the market reaches the end of a period of blackout periods for issuers.
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Benga Sofoluwe, the ex-head of securities lending and origination at hedge fund EQI Asset Management in London, is joining Citigroup in Hong Kong.
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An unwelcome spotlight on the Austrian banking sector did not stop Raiffeisen Bank International from shaving 20bp off the initial pricing thoughts for its €500m 11 year non-call six tier two deal on Thursday.