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  • African Export-Import Bank launched a $710m-equivalent loan in dollars and euros on Wednesday night, said bankers involved in the deal.
  • FIG
    Lloyds is on track to price its second sterling denominated Environmental and Social Governance bond (ESG) flat to its senior curve.
  • FIG
    Swedbank and Rabobank Nederland were set to print the first senior euro benchmark sized deals since May 7 on Thursday, as the market returns just in time for a wave of bank issuance before the summer.
  • Noble Group has signed its latest fundraising at $2.3bn, with 35 banks participating, despite negative reports that swirled around the company during syndication. The leads’ decision to hold roadshows in Europe and North America, in addition to Asia, has paid off, with the list of incoming banks revealing plenty of western liquidity.
  • Saratoga Investama Sedaya, the Indonesian private equity firm, issued the first exchangeable bond of the year on May 19, printing a $100m five year put three offering that drew strong demand with its rarity.
  • Deutsche Bank's co-heads of corporate finance in Asia, Venky Vishwanathan and Doug Morton, have both been placed on leave, in what market sources said were unconnected circumstances.
  • Indonesian airline Garuda Indonesia has mandated a total of 15 banks to arrange its first dollar outing, which will be executed in sukuk format.
  • CEE
    The Republic of Albania has mandated Deutsche Bank and JP Morgan for a euro denominated bond intended to refinance the country’s outstanding €300m 2015s.
  • GlobalCapital presents its annual SSA Bond Awards 2015. These Awards are determined entirely by a poll of market participants, and celebrate the outstanding issuers, investment banks and rating agencies in the SSA market between May 2014 and April 2015. GlobalCapital congratulates all the winners and nominees.
  • Loan syndicate bankers who had been expecting robust dealflow from Indonesia following the election of president Joko Widodo last year have had to contend with lukewarm activity so far. And there are few reasons for this to change soon, as a commodity price downturn, buoyant bond markets and weakness in the rupiah weigh on offshore loan activity, writes Shruti Chaturvedi.
  • The final pieces came together for the Shanghai-Hong Kong Stock Connect this week after the regulators removed a big uncertainty around the issue of beneficial ownership. While this is a welcome change, market participants also say the timing is unfortunate, as southbound flows are expected to take centre stage. John Loh reports.
  • Yunnan Water Investment sold shares in its Hong Kong IPO at the top of expectations, raising HK$1.67bn ($215.45m) on May 20 in a trade where exuberant investors, both retail and institutional, made their presence felt.