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The bank is considering bond issuance in currencies other than the euro
◆ Intesa Sanpaolo's Slovakian arm is a frequent issuer ◆ Banker said 33bp could be through FV ◆ CEE covereds offer the widest spread, ABN wrote
Books were €700m for what had been penned as a €750m deal
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Jilin Jiutai Rural Commercial Bank is planning share sales to both onshore and offshore investors in a bid to boost its core tier one capital.
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Turkish banks are later than usual on their syndicated loan refinancing timetables amid political noise in the country, and loans bankers say it will soon be too late for the banks to roll the deals over, and they might instead have to take the unusual step of repaying the debt.
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Brazilian utility Cemig ended a three week hiatus in offshore Latin American bond issuance this week and was swiftly followed by the Dominican Republic as the two high yield borrowers raised a combined $1.8bn.
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Turkey was driven further into financial instability and chaos this week, reflected in tumbling asset prices and the lira being at near record lows, after the country's president Recep Erdoğan delivered a further blow to investor confidence with a cabinet reshuffle.
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Chilean utility AES Gener will buy back $200m of old bonds after investors pledged to sell more than the maximum purchase amount that the company had set before the early bird deadline of July 11.
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