Deutsche Bank

Republic of Turkey is making its second appearance of the year in dollars and is out with an 11 year benchmark bond

The Korean DCM market is finally showing some signs of life, with Shinhan Bank opening books for a dollar denominated bond on April 8. Even though the Korean lender is expected to print a deal of only $350m-$500m, market observers are still excited by its appearance as it could be the first of a long list of names.

The government of Pakistan is set to raise Prp41.5bn-Prp101.1bn ($406m-$988m) from the sale of some of its stock in the country’s largest lender, Habib Bank, after setting the floor price for the deal at Prp166 per share.

The Privatisation Commission of Pakistan started roadshows for its divestment from Habib Bank on March 30, in an offering that starts at a base size of 250m shares but with the possibility of selling as much as 609m shares, depending on demand.

The Indian IPO market burst into life this week with fresh filings from five different companies, as The Catholic Syrian Bank, Dilip Buildcon, MM Auto Industries, Navkar Corp and Prabhat Dairy line up to tap equity investors.

Privately-owned Indonesian palm oil producer Royal Industries has extended the deadline for commitments to its $500m dual tranche fundraising.

Rentenbank priced the first ever six year Kangaroo deal from an SSA issuer on Wednesday in line with guidance at 22bp over mid-swaps.

ING is set to leap into the post-Easter market for its first additional tier one deal, looking to add to a recent hot streak for subordinated paper.

Steel-based goods manufacturer Voestalpine has signed a €900m loan consisting of a €600m revolving credit facility and a €300m term loan.

Alok Industries’ $475m export performance bank guarantee-backed loan has netted another chunky commitment from a European lender.

At the end of a very busy quarter of block trades, business continues – despite the approach of Easter holidays. Tonight, UniCredit won an auction to sell 10.5% of Jenoptik, the German optical systems company, while during the day Goldman Sachs placed £164m of stock in Aviva.

France's Veolia Environnement has issued a 12.8 year bond as part of a liability management exercise.