Nomura

Nordic Investment Bank brought the tightest dollar benchmark from a public sector borrower in over a year on Tuesday, while the State of North Rhine-Westphalia was also able to grind in pricing with a dollar deal of its own.

Woori Bank has set sights on its second dollar-denominated Basel III additional tier one bond, opening books on Tuesday morning. It will be the first South Korean lender to test the bank capital market following a recent rule change on AT1 instruments.

Public sector borrowers are piling into the dollar market at the start of the week, with a US Federal Reserve rate decision on Wednesday likely to shorten the issuance window.

Nomura has added a Turkey specialist to its EM coverage team as it continues to build its EMEA emerging markets platform.

Honma Golf has started taking orders for its HK$1.5bn ($193.3m) listing, while China Merchants Securities Co is set to kick off its IPO next week.

ating: Aaa/AA

A trio of top tier SSA names nipped through a narrow issuance window at the start of the week to launch tightly priced dollar benchmarks.

Telecom hardware company Tejas Networks has returned to the market for a listing, having first proposed an IPO before the financial crisis.

A former managing director at Goldman Sachs has joined Nomura as a managing director in its leveraged finance division.

Kommunalbanken (KBN) on Tuesday took advantage of Lael Brainard's, a US Federal Reserve governor, dovish comments on US rates from the day before to eliminate any premium paid on its new five year dollar benchmark.

The European Bank for Reconstruction and Development (EBRD) has begun flexing its muscles in Greece’s private sector after the country was approved as an EBRD recipient country last year by arranging a partly syndicated loan for Hellenic Telecommunications Organisation (OTE).

Bank Nederlandse Gemeenten has kicked the week off with a long dated tap in euros and a mandate for a follow-up two year dollar benchmark, which will share Tuesday's market with two other dollar trades.