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  • Chorus Clean Energy, the German solar and wind power plant operator, on Thursday returned to market with the same IPO it had pulled in July, but with new arguments to sell it.
  • FIG
    Banco Santander has set out plans to boost its common equity tier one ratio to 11% by 2018. It comes as Spanish banks make noticeable improvements to their capital bases across the board.
  • German corporate credit, generally regarded as a safe bet, has had a torrid time of late. Last week we looked at how the costs of transitioning from nuclear to clean energy had inflicted damage on German utilities and sent credit spreads spiralling wider. This week it was the turn of the automotive industry, and Germany’s largest car producer: Volkswagen.
  • It’s not been easy to get tickets for this year’s Rugby World Cup, but a few MTN men have been lucky enough to get their hands on a couple — although some bankers have been more grateful than others.
  • Pemex looks set to return to the Swiss franc market for the first time in three and a half years after announcing plans to meet investors in Switzerland next week.
  • Pakistan pushed on with a benchmark dollar bond on Thursday, with positive investor feedback giving leads the confidence to open books despite a tricky backdrop.
  • CEE
    The Ukrainian government has released the exchange offer for its sovereign Eurobonds, amended from what was previously announced.
  • China’s ENN Energy has made a tender offer to its bondholders to repurchase for cash any and all outstanding notes, as part of the company’s debt management efforts.
  • Bharat PetroResources International (BPRL) and Rural Electrification Corp have sent out requests for proposals, seeking a total of $950m worth of loans between them.
  • Weichai Power sold its debut offering this week in the first deal under new Chinese rules for offshore bond issuance. Despite the changes to the guidelines, market watchers reckon the impact on the DCM market will be minimal.
  • South Korea's LIG Nex1 had an IPO to remember, with institutional demand for the W524.4bn ($447m) deal going through the roof and books closing 121 times covered. The transaction priced at the top of the range, making it the largest Korean listing of the year.
  • Invitations are out for China Greenland Rundong Auto Group’s $100m three year term loan that comes with a $50m greenshoe. The deal, which has two banks at the top, is open only to senior lenders at the moment.