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One of the sovereign, supranational and agency bond market's best known bankers is set to retire, after almost 30 years in the finance industry.

Kuveyt Turk has released initial price thoughts for the third Basel III compliant tier two bond to come out of Turkey.

Russia released a request for proposals late last week for its first Eurobond since 2013. Of the 23 banks that that received the RFP, “most” are expected to pitch for the bond, said bankers in London.

The pain continued for the Brazilian steel sector on Friday as leading producer Gerdau suffered the loss of its first investment grade rating.

China Resources Pharmaceutical Group and Union Medical Healthcare (UMH) are planning to bring IPOs to Hong Kong this year and potentially raise a combined $1.15bn.

Property development firm Frasers Centrepoint is toying with the idea of floating a real estate investment trust (Reit), backed by its Australian industrial assets, on Singapore’s main board.

One more bank has joined the top group for a loan for Tata Power subsidiary Bhira Investments. The borrower had initially shortlisted six lenders for the facility to refinance a $460m loan it wrapped up in October 2014.

Standard & Poor’s has downgraded Chinese mall developer Renhe Commercial Holdings to CCC- on Friday with the rating agency casting doubt over the company’s ability to repay a bond due in March.

The Democratic Socialist Republic of Sri Lanka is mulling a return to the international bond market as it needs to raise $11bn in 2016.

In this round-up, Charles Li promises Bond Connect and RMB derivatives, ICBC sees cross-border business booming, Moscow Exchange looks to connect with Chinese investors, offshore RMB (CNH) still a top three currency on the EBS FX trading platform, and China clarifies rules for foreign banks looking to join the onshore FX market. Plus, a recap of the top GlobalRMB stories this week.

Argentina came a step closer to regaining capital markets access this week with the announcement of a first settlement with holders of its default debt. Analysts warned, however, that a rapid resolution to negotiations with the remaining holdouts is unlikely.

Citigroup started marketing its first yen bonds in more than two years on Thursday after mandating banks for a five year issue in global format.