Bank of America

London-based charity the Wellcome Trust, which funds biomedical research, has mandated three banks for its first euro bond roadshow.

London-based charity the Wellcome Trust, which funds biomedical research, has mandated three banks for its first euro bond roadshow.

The Export-Import Bank of Korea (Kexim) has mandated seven banks for its first bond sale of 2015, in a deal that is expected to hit the screens by mid-January. The borrower is making an early start to its fundraising in a year that will see it raise up to $13bn offshore.

The ruffled state of Europe's high yield bond market will give Xavier Niel, the French telecoms entrepreneur, plenty to think about as he considers whether to use the market to finance his planned takeover of Orange Switzerland, the mobile phone company.

British Telecommunications has declined to confirm press reports that it is planning a £2bn rights issue as part of its financing for the £12.5bn takeover of EE, the UK mobile phone group. However, the market barely flinched at the news, suggesting a deal, if it comes, will not be a challenge.

British Telecommunications has declined to confirm press reports that it is planning a £2bn rights issue as part of its financing for the £12.5bn takeover of EE, the UK mobile phone group. However, the market barely flinched at the news, suggesting a deal, if it comes, will not be a challenge.

DCM bankers hope that this week’s first ever green bond issue from Latin America will be the first of many, with the potential for growth in renewable energy a source of possible new deals.

UK based bio-pharmaceutical company Shire signed a $2.1bn loan last week. The five year loan has two one-year extension options and comprises multi-currency revolving and swingline facilities.

Dalian Wanda Commercial Properties is expected to price its IPO near the top of guidance to raise HK$28.8bn ($3.7bn) for Hong Kong’s largest listing this year.

Outflows from European retail high yield bond funds have accelerated in December, but market participants still remain optimistic about 2015.

Fiat Chrysler Automobiles raised $3.46bn on Wednesday, when it priced its $2.5bn mandatory convertible bond and $957m share offering, designed to strengthen its balance sheet and gain a new investor base in the US.

The US market slowed down after the previous week’s blockbuster but a handful of smaller trades were sufficient to take December's haul to a record. Four corporate trades worth $2.8bn pushed issuance to $43bn, making it the busiest December ever.