Deutsche Bank

Robert Wartchow is due to join Credit Suisse in mid-August in a new role originating and executing loan and high yield transactions, as the Swiss house seeks to meet the demands of Europe’s fast-growing leveraged finance market.

The Republic of Korea will meet investors next week and the week after for a proposed dollar deal, in what is set to be a record year for sovereign bond issuance in the region.

Swedish steelmaker Ovako today began roadshowing a €285m high yield bond, only two days after announcing it had entered negotiations to bid for the assets of bankrupt French counterpart Ascometal.

The senior market experienced an explosion of activity on Tuesday following a quiet opening to the week, with three issuers taking to the belly of the curve to sell euro denominated deals. The five year area of the curve is expected to see more activity later in the week, as investors abandon the short end in search of yield.

Maoye International Holdings priced its debut dollar bond on Monday, its third attempt to sell an international deal. With the right timing and careful guidance by dealers, the bond crossed the line with orders of $1.1bn for the $300m offering.

China Shanshui Cement has made its debut in the syndication market, launching into general a $300m three year facility for its refinancing needs.

Meg 1, a German offshore wind farm project, is moving forward with its €1.3bn project and has approached banks for debt - even though the project's sponsor filed for and then abandoned an insolvency procedure earlier this year.

Montenegro has released price guidance for its new euro denominated five year bond at high 5%, which bankers away from the deal called "fair to generous". A minimum yield of 5.5% was set for the new issue last week.

Croatia has mandated Deutsche Bank, JP Morgan, Société Générale and Banca IMI to arrange a euro dominated bond.

Maoye International Holdings has returned to the dollar bond market, two months after failing to price its debut CNH deal. The borrower also attempted to price a dollar bond last year but launching just weeks before the taper tantrum started meant that the deal was not completed. However, bankers are confident that investors are comfortable with the credit and that the new deal will price tonight.

Nearly 80% of investors holding Brazilian pulp producer Fibria Celulose’s 2021 bonds have agreed to sell the notes back to the company as the company continues its attempts to become fully investment grade.

Indian Oil Corp has mandated nine banks for its latest fundraising, with the strong support at the top allowing the borrower to increase its loan to $650m from the $500m it had sought in its request for proposals.