JP Morgan

Nordic Investment Bank brought the tightest dollar benchmark from a public sector borrower in over a year on Tuesday, while the State of North Rhine-Westphalia was also able to grind in pricing with a dollar deal of its own.

Zagreb-headquartered food and drinks producer Agrokor launched a three year term loan into syndication this week. The deal is part of a wider refinancing exercise in which Agrokor has already secured €500m of short-term debt.

Postal Savings Bank of China has narrowed the price range on its Hong Kong IPO to the bottom half of guidance, and is set to raise up to HK$58.8bn ($7.6bn) in the world’s biggest listing in two years.

A handful of issuers decided to turn to the bond market on Tuesday, looking for a crucial window just one day before the US Federal Reserve makes its decision on the trajectory of interest rates.

Public sector borrowers are piling into the dollar market at the start of the week, with a US Federal Reserve rate decision on Wednesday likely to shorten the issuance window.

French retail property group Klépierre issued a €600m 15 year bond on Monday, taking investors down the maturity range with the promise of yield.

A senior UK-focused equity capital markets banker at JP Morgan has left the bank to join Numis Securities as a managing director.

The International Bank of Azerbaijan (IBA) is in the market for its annual loan refinancing, the deal is smaller than the loan it refinances at $150m, according to one banker invited to join.

Russian commercial real estate investment company O1 Properties is targeting a five year bond following the completion of an investor roadshow on Friday, a banker at one of its leads said on Monday.

Bondholders owning some 71.11% of Brazilian meatpacker Minvera’s 7.75% 2023s agreed to tender their paper by the earlybird deadline of September 14, the issuer said.

Honma Golf has started taking orders for its HK$1.5bn ($193.3m) listing, while China Merchants Securities Co is set to kick off its IPO next week.

Intralot, the Greek gambling operator and technology supplier, has priced its €250m senior five year non-call three bond with a coupon of 6.75% at par which, even at the wide end of guidance, was not sufficient to attract some investors.