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  • Singapore based property companies Hotel Properties and Frasers Centrepoint Trust tapped the Singapore bond market on Tuesday March 31, raising S$50m and S$60m respectively.
  • CEE
    Tinkoff Credit Systems has bought back $80m of its 2015s, impressive considering Tinkoff’s bonds have rallied along with the rest of the Russian Eurobond market, according to bankers.
  • Crédit Agricole CIB (CACIB) has launched a new dim sum bond index tracking SSAs, FIs and corporates, with cross-currency swaps (CCS) and the offshore RMB (CNH) outlook emerging as key factors influencing issuance.
  • Efforts by China’s top regulators to promote the inclusion of the renminbi into the International Monetary Fund's Special Drawing Rights (SDR) basket may have paid off. Analysts at Bank of America Merrill Lynch think the move is likely to happen and estimate the RMB's potential weighting to be 13%.
  • Grand China Air Hong Kong has issued first maiden dollar bond this week, driven by a sizeable reverse enquiry. Although the deal came wider than comps, bankers on the deal argue the deal's success should not be judged on yields alone.
  • Colombia’s largest oil company Pacific Rubiales has mandated Bank of America Merrill Lynch, Citi and HSBC to manage a non-deal roadshow spread over a month as its bonds remain marked in the 50s and 60s.
  • An SPV owned by the concessionary of Peruvian fibre optic cable network project Red Dorsal priced a $273.7m variable funding note (VFN) with Peruvian government guarantee and delayed draw structure both in place to reduce the cost to the borrower.
  • Cititower, a joint venture construction project between Malaysian KLCC Group and Qatari-owned QD Asia Pacific, has signed a 20 year RM3.2bn ($862.4m) Islamic loan
  • Ooredoo, formerly known as Qatar Telecom, is wrapping up a $500m Shariah-compliant five year revolving credit facility, say bankers involved in the deal.
  • Central Bank of Bahrain has launched a new wakala instrument, aimed at absorbing excess liquidity among local Islamic banks, an official at the central bank told IFIS.
  • Malaysian real estate developer Mah Sing Group (MSG) has sold an RM540m ($145.53m) perpetual sukuk musharakah, according to a statement from the lender.
  • At the end of a very busy quarter of block trades, business continues – despite the approach of Easter holidays. Tonight, UniCredit won an auction to sell 10.5% of Jenoptik, the German optical systems company, while during the day Goldman Sachs placed £164m of stock in Aviva.