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  • While sovereigns took most of the attention last week, CEEMEA bankers are now trained on the Middle East and Turkey with Akbank pricing a rare 10 year from a Turkish Bank on Tuesday.
  • FIG
    The primary market hasn’t been as strong this week as bankers had hoped, with the exception of HSBC’s second foray into the additional tier one market on Monday.
  • Periphery eurozone sovereigns can still expect large demand in the coming months, said SSA bankers, despite a Spanish inflation linked bond this week drawing a small book compared to its peers’ deals this year.
  • Malaysia’s Eco World Development Group has wrapped up its MR788m ($220m) one-for-two rights offering successfully, after getting just enough demand to cover books comfortably.
  • After a challenging couple of weeks that bankers have blamed on oversupply, the primary European corporate bond market has settled into a more moderate pace, but Air France KLM will test its resilience on Wednesday
  • In four working days, the volume of EMEA equity-linked issuance this year has quadrupled. Two unusually large deals, both into Italian blue chips — Telecom Italia and UniCredit — came on Thursday and Monday nights.
  • Chinese conglomerate HNA Group (International) has made its way to Singapore, raising S$128m ($93m) from a two year offering.
  • Export-Import Bank of India (India Exim) hit the market with a landmark transaction on March 24, raising $500m with the country’s first dollar-denominated green bond.
  • AGS Transact Technologies has filed a preliminary prospectus with the Securities and Exchange Board of India for an IPO of around Rp13.50bn ($217m), adding to the momentum already being seen in the country’s ECM market this year.
  • South Korea’s Cowell e Holdings has raised HK$884m ($114m) by pricing its IPO just above above the bottom of the price range, as concerns about a possible overhang following the listing and the company’s excessive dependence on Apple caused some price sensitivity.
  • IL&FS Transportation Networks has wrapped up its third outing to the offshore renminbi (CNH) bond market, successfully raising proceeds to repay an outstanding debt that comes up for redemption at the end of April. This time the issuer enhanced the credit support with a guarantee from its onshore parent.
  • Crédit Agricole priced its debut renminbi offering in Taiwan on March 20, while Yuanta Bank returned with a new two year bond a day earlier, adding two more deals to this year’s flurry of financial names tapping the Formosa market.