Deutsche Bank

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.

Ghana National Cocoa Board (Cocobod) has completed the early bird senior phase of its annual loan syndication with a strong oversubscription, said bankers involved in the deal.

El Salvador-based lender Banco Agrícola will begin a roadshow on Friday ahead of a potential international bond market debut.

The Gabonese Republic has picked banks for a dollar benchmark deal and starts a roadshow on Thursday.

Deutsche Bank has poached a managing director from Bank of America Merrill Lynch to co-head its corporate broking team.

Korea Development Bank is looking to make an opportunistic exit from Kumho Petrochemical, launching a W338.2bn ($306m) block on Wednesday evening after the company’s stock rose by 3.25%.

China Three Gorges Corp (CTG) has opened books for what will be its first outing to the international bond market, marketing a dual tranche offering in dollars and euros on June 3. Joining CTG in the market is Beijing Construction Engineering Group (BCEG), which started taking bids for its debut dollar bond.

The Asian bond market woke up to a slew of new issuance on June 3 with six deals all vying for investor attention. And in the midst of the action is Indian telecommunications giant Bharti Airtel, which is enticing bids for a new 10 year dollar offering.

Sivantos, the renamed spinoff of Siemens Audiology Solutions, has launched a repricing of a €785m leveraged loan backing its buyout by EQT, which closed last December.