Nomura

Bombay Stock Exchange-backed Central Depository Services India (CDSL) is set to bring the country’s first IPO of a securities depository, with its Rp5.2bn ($81.4m) deal launching next week.

Korea East West Power Co (EWP) opened books for a dollar deal at the Asia open on Monday, making a comeback to the debt market after a three year hiatus.

AL Learning, an education company backed by private equity firm Advent International, has approached banks for a S$178m ($128.8m) loan through three mandated lead arrangers and bookrunners.

Liberty Global’s UPC Holding locked in a coupon of below 4% for a 12 year bond, the longest maturity for a new deal in the European high yield market so far this year.

India’s cabinet has approved the IPO of Indian Renewable Energy Development Agency (Ireda), the chief financier of the country’s renewable energy ambitions.

Singapore’s HRnetGroup is set to price its IPO at the top of guidance after investors from all walks of life turned up for a piece of the S$174m ($126.0m) float, according to sources close to the deal.

There was just a smattering of public sector dollar deals this week — but a wide difference in how they fared.

KommuneKredit fell short of full subscription with a three year dollar benchmark on Thursday, with few updates provided through the book building process.

The Republic of Indonesia priced a ¥100bn ($900m) bond on Wednesday, its first public Samurai deal in decades and its maiden fundraise following an upgrade to its credit rating. Although the issuer was forced to drop a 10 year tranche, its transaction was a blow-out, reflecting Japanese investors’ strong interest in foreign paper. Addison Gong reports.

The Japanese bank’s tough decisions in EMEA have paid off with a return to profitability as its global finance business begins to shine, writes David Rothnie.

Public sector borrowers are aiming for the short end of the dollar curve, as swap spreads in the area hover around the spot in which they started 2017, having dropped sharply from the year’s highs hit in March.

Asian Development Bank will visit the rare four year part of the dollar curve on Wednesday, after picking banks for a minimum $1bn June 2021 global.