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  • ONGC Videsh (OVL), the overseas investment arm of Indian state-owned ONGC, is seeking a dual currency $844m-equivalent loan from the offshore syndication market.
  • China Construction Bank International seized a tightly priced $600m five year deal on Tuesday, offering investors something different to an increasingly common floating rate note.
  • United Overseas Bank is understood to have hired a former Standard Chartered banker as a senior director, corporate finance, within investment banking.
  • Investors in and brokers of Venezuelan bonds say that the government is looking to sell up to $5bn of 6.5% bonds due 2036 that were issued at the end of last year but have remained in the hands of the central bank.
  • State-owned Power Construction Corporation of China and Sinochem-backed Far East Horizon are in the market with dollar-denominated perpetuals, while Tunghsu Group is making its international debut with a three year.
  • Malaysia’s CIMB Group has sold half of its international brokerage operations to China Galaxy Securities Co, formalising a plan set out last year.
  • Citi has promoted Stella Choe to the position of head of corporate banking for Australia and New Zealand, succeeding Shane Taylor who is retiring from the firm, according to an internal memo seen by GlobalCapital Asia.
  • Online personal loan platform Upstart is the newest entrant to the marketplace loan ABS pipeline.
  • The major derivative exchanges' May volume figures have shown increased activity despite low volatility across markets, with European exchanges posting higher activity than their US counterparts.
  • Banco Popular Espanol’s covered bonds barely reacted to credit stress afflicting bonds further down its capital structure ahead of the Spanish lender’s resolution on Tuesday evening. This may have illustrated the effectiveness of the Covered Bond Purchase Programme (CBPP3) but also showed confidence in the asset class, the regulator and the Spanish banking system.
  • Intercontinental Exchange chief Jeffrey Sprecher on Tuesday compared the shutting down of the Chicago Mercantile Exchange's (CME) clearing and exchange operation in London to a "canary in a coalmine" as the UK's European Union exit draws closer.
  • Risk retention levels in European securitization are to be reviewed at least every three years by the European Systemic Risk Board (ESRB), according to a paper released by the government of Malta on Monday.