Deutsche Bank
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MetLife is set to sell its third ever Kangaroo bond on Wednesday, a five year print. Bankers away from the deal expect the issuer’s scarcity to encourage a strong bid from investors.
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A loan of up to $1.8bn for Russian telecoms company Vimpelcom has been rushed through signing so quickly that a senior loan banker who had been working on the deal did not know it had been completed.
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The Republic of Turkey started execution on a nine year euro deal on Tuesday morning, which divided debt bankers between those who thought the starting spread ambitious and those who saw it as cheap.
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Export-Import Bank of Korea (Kexim) has announced guidance on a new five year fixed or floating rate Kangaroo bond, marking the issuer’s second visit to the Australian domestic market this year.
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Indian company Tata Communications is close to wrapping up its $240m fundraising, with commitments worth $160m already firmed up.
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The Islamic Republic of Pakistan has returned to the dollar market after a seven year hiatus with a Reg S/ 144A dual tranche issue. It is the second sovereign offering out of South Asia this week after Sri Lanka priced a five year bond on Monday night.
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Oil India has announced guidance on its debut bond this morning, opting for a dual tranche five and 10 year trade. The issuer joins a raft of recent Indian deals taking advantage of the resurgence in investor appetite for Indian credit, and pricing ahead of the somewhat unpredictable elections.
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The allocations for Pan-Asia iGate Solutions’ $360m loan have been finalised among the 11 banks that formed the syndicate group.
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MIE Holdings is looking to make its third appearance in the dollar market with a potential 144A/Reg S offering.
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Zambia opened books on the first African sovereign deal of 2014 on Monday morning, starting with a large new issue concession to compensate for a weak credit story. A successful bond could help usher in a run of issuance from Zambia’s peers, with several African sovereigns in the process of planning deals.
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India’s Larsen & Toubro kick started the pre-marketing process for an $800m business trust Singapore IPO of its toll-road assets on Monday as it seeks to gauge investor appetite for out-of-favour yield stocks.
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Lippo Karawaci extended its funding curve on Friday night by pricing an eight year offering that was set at a size of $150m by the issuer.