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  • National Bank of Oman has set initial price thoughts on a tier one perpetual note. Commercial Bank of Dubai’s new $400m five year senior deal, meanwhile, was down in the secondary market on Wednesday, but investors said the slide was down to wider market weakness.
  • Russian Copper Company has signed a $200m four year pre-export finance facility with European and Russian banks.
  • Middle East deals are having a bumpy ride, with one missing benchmark size on a Reg S deal and another failing to appear after finishing a roadshow. But neither backdrop nor the end of year approach is stopping fresh Middle East focussed deals hitting screens.
  • First City Monument Bank will close the first Nigerian bank loan of the year, a $75m later today (Wednesday), according to a banker close to the deal.
  • FIG bankers are hopeful that increasing investor appetite for higher beta paper, shown by a further two tier two trades this week, could bring periphery issuers into the market.
  • SSA
    Political risk is returning to the eurozone periphery, with Portuguese sovereign bonds in particular suffering a jolt as investors realised that the country’s short lived government was set to fall.
  • Santander has completed an overhaul of its London loans team, with four new hires that it hopes will lead the bank to the forefront of Europe’s corporate finance business. The Spanish bank wants a bigger role in high level acquisition finance in western Europe and is also investing in CIB divisions in Asia, eastern Europe and the US.
  • The Indian government has issued a request for proposals to banks to lead the divestment of a 5% stake in Container Corp of India (Concor), which could raise as much as Rp12.9bn ($194m) based on its market capitalisation.
  • China Energy Engineering Corp is scheduled to hold its listing hearing with the Hong Kong Stock Exchange on November 12 for a $1.5bn-$2bn IPO, and start pre-marketing the following week.
  • The Chinese auto ABS market is poised for a busy end of the year with BMW gearing up for its second transaction of 2015, returning with the Bavarian Sky China series.
  • Alpha Bank has launched a €1.6bn share offer, looking to build on new equity created from a debt exchange as it tries to fill a near €3bn capital hole with private funds.
  • The Standard Chartered Renminbi Globalisation Index (RGI) rose 3.26% month on month in September due to the jump in FX turnover for a second consecutive month. However, the bank expects the RGI to fall in Q4 as RMB depreciation expectations are likely to persist in the market.