Deutsche Bank

Telecom Italia said on Wednesday that it would seek to price the initial public offering of Infrastrutture Wireless Italiane, its telecom towers unit, in Milan at €3.25 to €3.90 a share, for a valuation of €1.95bn to €2.34bn.

Optimal Payments, the Isle of Man-based secure payments provider, has guided pricing on the financing for its acquisition of Skrill, before closing the deal, and replaced amortising loans with a bullet facility.

The Gabonese Republic and MFB Hungarian Development Bank have little in common, other than being the best prospects to break the Middle East’s dominance of the CEEMEA benchmark market.

MarketAxess, the fixed income electronic trading platform, data and post-trade services provider, has hired veteran credit trader Scott Eaton as its chief operating officer for Europe.

PizzaExpress, the largest UK casual dining restaurant operator, priced on Tuesday a £55m tap of its senior secured bond to fund the purchase of 28 franchise businesses in China and Hong Kong.

Banco Sabadell ended a month-long drought of periphery issuance on Friday by scraping through a €750m five year covered bond sale. A mooted 10 year never appeared.

XPO Logistics, the US transport logistics company, wants to issue a $2bn-equivalent four tranche bond to fund its acquisition of Norbert Dentressangle, the French trucking group.

China National Bluestar, which raised $1bn from its maiden dollar bond last week, has reopened books to the same deal on June 4 as a result of a contractual oversight.

Bharti Airtel showed that scoring a huge order book is not necessary for a deal to be deemed a success. Its $1bn trade attracted just double that in bids, but Bharti still managed to achieve its tightest ever spread, with the bonds also trading well in the aftermarket.

Korea Development Bank shed its entire stake in Kumho Petrochemical through a W323.9bn ($293m) block on June 3, which was priced at the lower end of guidance as investors showed a high degree of sensitivity.

Hindustan Petroleum Corp’s (HPCL) $400m 39 month facility has been allocated, with seven lenders joining in general syndication. When the loan was launched, market participants saw it as a litmus test for retail demand for three year state owned Indian assets. But while the deal got over the finish line, bankers on the loan said the response was tepid.

China Three Gorges Corp (CTG) ventured into the international bond market with an approach never seen before, as it became the first name in Asia ex-Japan to debut in both dollars and euros.