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Formosa Plastics Group started taking orders for its return to the dollar as it opened books to a 10 year bond on Tuesday, April 14. Despite the crowded pipeline in the Asian bond market, bookbuilding has been smooth as the deal is driven by strong indications of interest.

Citi has announced a series of changes to its global management team, with Francisco Aristeguieta set to replace Stephen Bird as CEO of Asia Pacific, according to an internal memo.

The term loan portion of MMI International’s $580m five year borrowing has attracted about $180m-$200m in commitments. Banks have thrown their weight behind the deal, notwithstanding a negative watch on the company by ratings agency Fitch.

LatAm bond bankers have received reverse enquiry from certain US institutional investors looking to buy a new Petrobras deal, according to DCM officials.

Mexican Manuel Medina-Mora’s retirement from his positions as CEO of Citi’s global consumer bank and chairman of Banamex has indirectly led to the US bank naming a new CEO for Latin America and expanding the responsibilities of that role.

Haitong International is back in the dollar market just three months after the Chinese broker printed a $700m 5.5 year bond on January 22. The issuer’s quick return has been prompted by a rally in its existing bonds, which it is keen to take advantage of in order to lock in lower borrowing costs.

HSBC has appointed a new head of payments and cash managements to its China operations.

Global swaps participants should use the BCBS-IOSCO margin rules delay as an opportunity to face new issues posed by initial and variation margin requirements, experts say.

Hong Kong Exchanges and Clearing Ltd. has expanded its Chinese business development by opening a mainland division, which it has populated with new senior hires.

German printing equipment maker Heidelberger Druckmaschinen announced a €200m bond issue on Monday that is rated Caa1/CCC+.

Deutsche Bank is tonight trading a block of shares in Al Noor Hospitals, as Ithmar Capital seeks to sell its entire stake in the Abu Dhabi healthcare group.

Pennsylvania’s Trinseo, a plastics manufacturer, wants to issue $750m of unsecured notes, including a euro tranche, to repay its 8.75% bond sold in 2013.