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  • South Korea's Doosan Bobcat, which controls US machinery maker Bobcat, has sent out a request for proposals for a domestic IPO it plans to launch this year.
  • Export-Import Bank of Korea (Kexim) opened books on Wednesday for a single tranche dollar bond to be dual listed in Singapore and Taiwan. While the Korean issuer has taken this approach before in offshore renminbi, sources close to the latest deal say this is the first of its kind in dollars.
  • Bank of China Hong Kong sneaked in to the bond market on Tuesday with a triple-tranche dollar deal in the midst of several other well flagged competing transactions. But the Chinese lender raised a hefty $2bn, which bankers said proved that it is one of the strongest credits in the region.
  • Hong Kong Broadband Network has hit the syndicated loan market for HK$700m ($90m) to fund its acquisition of telecom businesses Concord Ideas and Simple Click Investments.
  • Food-to-finance conglomerate TCC Group is understood to have sent out term sheets for a $3.5bn loan to back its acquisition of a stake in retailer Big C Supercenter.
  • Markets divisions of many banks have struggled to grow in the years since major post-crisis regulation was passed, but in 2015 equity derivatives was a brighter spot.
  • The high yield market in Europe issued just $1bn of new deals in January, the lowest January figure since 2009.
  • HSBC Group’s Middle East business took a $300m hit in 2015, mainly due to higher loan impairment costs as the bank expects an increase in loan defaults in the UAE, according to its annual report.
  • Peru opened books on its second euro deal in four months on Tuesday, after announcing an investor call on Monday which caused its secondary curve to widen 20bp.
  • Yet another German car maker has completed a lap of the private debt market. Porsche AG closed order books for its €200m Schuldschein this week.
  • The Islamic Development Bank is embarking on a three day sukuk roadshow, starting on Sunday.
  • The Kingdom of Bahrain has returned to tap bonds less than a week after an unexpected Standard & Poor’s downgrade led to the issuer cancelling a $750m dual tranche bond increase. Rival bankers said the strategy was right, but were surprised by the tight pricing offered.