Nomura

World Bank wound through the pricing gears to sell a large three year dollar benchmark on Wednesday.

Euro supply from public sector institutions is being stifled by a double whammy of ultra low yields in the currency and escalating tensions over Greece's financial future.

Duniatex subsidiary Delta Merlin Dunia is seeking a $250m dual tranche financing in senior syndication. The Indonesian company is offering banks generous margins, based on a leverage grid.

The World Bank will test the short end in dollars on Wednesday, after a pair of issuers came at opposite ends of the curve on Tuesday.

More issuers are expected to hit the sterling market this week after a deal from ASB Bank on Tuesday that was encouraged by weakness in the euro market and a lack of supply of sterling paper.

KfW has mandated banks for a 10 year dollar benchmark, keeping up a trend by SSAs to print at the longer end of the curve.

Industrial property developer Puradelta Lestari has started sounding out investors on its $200m-$300m IPO in Indonesia – its second try at tapping the equity capital market in as many years. But this time could be different as Indonesia is back firmly on the radar of investors.

The Asian IPO market has picked up a notch this week, with Shanghai Haohai Biological Technology opening books for its Hong Kong listing and others across the region also preparing deals.

Indonesian industrial park developer Puradelta Lestari is reviving its IPO plans nearly two years after scrapping a Rph1.95tr ($191m) deal, and is counting on improved sentiment for stocks from the country to push the listing ahead.

BNP Paribas has hired an experienced high yield credit and CDS trader for its London operations.

Japan Finance Organisation for Municipalities is set to add to a recent splurge of seven year dollar issuance on Tuesday, after mandating banks for a RegS deal on Monday.

The holding company of Montevideo’s Carrasco International Airport has hired Bank of America Merrill Lynch and Nomura to manage a three day roadshow, ahead of a senior secured project bond that could potentially be used to pay a dividend to shareholders.