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  • CEEMEA bond watchers rarely agree on Middle East perpetual pricing and National Bank of Oman (NBO) was no exception. Rival bankers and investors gave a range of estimates as to how much NBO was paying up for its debut additional tier one (AT1) transaction.
  • Landesbank Baden-Wuerttemberg (LBBW) went for size on Thursday as it was set to print a €500m tap of its outstanding September 2017 floating rate notes, bringing the total outstanding debt to €1.15bn.
  • Deutsche Bank on Thursday priced its latest Samurai deal well wide of its last effort as investors continued to digest its restructuring, while wild swings in the basis swap between yen and dollars buffet other potential issuers in the format.
  • Julius Baer became the first foreign bank to issue a Singapore dollar-denominated additional tier one (AT1) this week. By doing so, the Swiss lender has joined a growing number of banks that are satisfying their capital needs through the country’s bond market, writes Rev Hui.
  • Bank of East Asia (BEA) has proposed to buy back its outstanding Basel III additional tier one notes for cash and plans to issue a new offering as part of the lender’s liability management practice.
  • Wenzhou Kangning Hospital started guiding investors to the top of the range of its HK$681m ($88m) Hong Kong IPO on Thursday morning, thanks to books being oversubscribed across the price range.
  • Beijing Hualian Group has received positive but cautious market feedback for the listing of its real estate investment trust in Singapore, which could raise around S$300m ($211m).
  • Housing Development Finance Corp (HDFC) and India Infrastructure Finance Company (IIFCL) are on track to issue offshore rupee-denominated bonds, or Masala bonds. With no such notes issued by an Indian borrower so far, market participants are eager for the first offering to come to fruition.
  • Iris World Enterprises, an affiliate of Taiwan's Foxconn Technology Group, has picked three banks for its $300m borrowing.
  • BMW is preparing for its second Chinese auto ABS of the year and is, once again, relying on a popular four-tranche, fixed rate/floating rate structure that it introduced to the market five months ago.
  • Singapore's Miclyn Express Offshore (MEO) has successfully replaced its outstanding local currency bond with a new dollar offering, making its inaugural foray into the offshore debt market.
  • Azelis, the Antwerp-headquartered speciality chemicals distributor, will hold bank meetings in New York tomorrow and in London on Monday for a $675m transatlantic acquisition loan.