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  • As Oman prepares to obtain a $1bn sovereign loan, Qatar is also in talks for a loan of as much as $10bn, although bankers think that target size could be reduced.
  • Commercial Bank of Dubai is settling for a smaller print and wider spread than originally indicated on its latest five year dollar bond, according to rival bankers and buyers.
  • Engie, the energy firm formerly known as GDF Suez, printed a 10 year Australian dollar note on Tuesday, its first bond in that currency.
  • The Sultanate of Oman will launch syndicated for its $1bn sovereign loan tomorrow (Wednesday), according to a banker on the deal.
  • FIG bankers are expecting some issuers to bring forward plans to print tier two early next year as investors show they are ready to take on higher beta paper.
  • Middle East multilateral, Gulf Investments Corp (GIC) decided against proceeding with a dollar bond after finishing a roadshow. Liquidity in the region is falling, rating downgrades are looming and supply is likely to increase. Bankers should get used to borrowers balking at the final step — and not worrying about it.
  • Russian gold and silver miner Polymetal has signed what is likely to be one of the final Russian loans of the year, in a $350m four year deal with five banks.
  • Star Petroleum Refining has firmed up terms on its long-brewing Bt15.66bn ($441.59m) IPO, set to be one of Thailand’s largest listings this year.
  • Beijing Enterprises Water Group has returned to the international loan market for a $200m deal, which comes with a $100m greenshoe. The money is being raised under the International Finance Corp’s A/B programme, with the supranational as lender of record.
  • CNY swaps have been offered on weak inflation data and the curve is steeper. South Korea is planning a Panda bond issue. PBoC has allowed the CHF/CNY currency pair to trade directly in the FX market, writes Deirdre Yeung of Total Derivatives.
  • India Infrastructure Finance Company (IIFCL) is looking to join the growing pipeline for offshore rupee-denominated bonds, or Masala bonds. Although this is encouraging for the country’s regulators who hope to internationalise its currency by promoting the asset class, market participants warn that there is a lot of work to be done before the first issue comes to fruition.
  • Citi has made the changes to its Australia and New Zealand debt franchise, promoting James Arnold and Ian Campbell to lead the business.