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South Korea’s Kookmin Bank has selected four banks to run a potential return to the covered bond market, but a source at the issuer said that due to unfavourable market conditions, there’s a possibility that the deal will not materialise.

The Province of British Columbia (BC) is set to price its debut Panda bond on Thursday, January 21. The up to Rmb3bn ($457m) three year offering is being marketed at a range of 2.6%-3.0%, several sources have told GlobalRMB.

Development Bank of the Philippines (DBP) has opened a $300m three year loan to retail participants, having picked the mandated lead arrangers and bookrunners in mid 2015.

Simon Allocca, head of loan markets at Lloyds Bank, is moving to a new job at the bank.

Several major Italian ECM deals are set to move forward in the next few weeks. Saipem, the oilfield services company, will open subscription for its €3.5bn rights issue on Monday January 25. And Veneto Banca is set to announce in the next couple of weeks more detail of its €1bn capital increase and flotation, to be completed in April.

Sweden’s largest oil refiner, Corral Petroleum Holdings, is in talks with lenders to renew a $1.8bn revolving credit facility — but first, it needs to refinance its 2017 dollar and euro payment-in-kind notes.

The Inter-American Development Bank has printed a £250m December 2019 bond that has set a new record for year-to-date supranational and agency sterling issuance.

The Inter-American Development Bank has printed a five year Kauri bond, its first in the market since 2009.

China’s central bank drew a lot of criticism this week for its decision to intervene in the offshore renminbi market. But David Bloom global head of foreign exchange strategy at HSBC, says the People’s Bank of China was correct in trying to stop the CNH depreciation.

Indian data service provider Tata Communications is understood to be in talks with lenders for a loan of $250m.

Indian company Cadila Healthcare is gearing up for a Rp50bn ($741.1m) qualified institutional placement after the country’s Foreign Investment Promotion Board gave it the go ahead this week.

Chinese peer-to-peer lender Lufax is calling on banks to pitch for its $5bn listing in Hong Kong, expected to be the city’s largest float in 2016.