Bank of America
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The dollar corporate bond market skipped the summer slowdown this year. This week Royalty Pharma issued its first bond as a public company and pushed August's total issuance above $100bn for the first time ever.
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Companies piled into the bond market with hybrid capital issues this week to raise €4.95bn between them, as syndicate bankers say that they are encouraging as many borrowers as possible to consider pushing out higher risk trades before raising senior debt.
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Chinese electric vehicle manufacturer XPeng raised $1.5bn this week, after increasing the size of its US listing and pricing it above the marketed range.
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Investors piled into European corporate hybrids again on Tuesday, with Belgian chemical firm Solvay and Austrian oil company OMV out with well received trades.
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Chinese electric vehicle manufacturer XPeng has hit the road with its $1.1bn New York Stock Exchange IPO. It is the latest in a building pipeline of US listings by Mainland-based companies that are undeterred by rising tensions between the two countries.
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US food and commodities firm Archer-Daniels-Midland Co has tapped the equity capital markets for the first time in more than a decade, using a concurrent block of Wilmar International shares and an exchangeable bond — with the same underlying stock — to raise $850m. Jonathan Breen reports.
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Chinese biotechnology start-up HBM Holdings has filed for approval to float on Hong Kong’s stock exchange.
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Investment grade corporate funds are swimming against the tide of other assets and seeing a steady stream of money flowing in, as European syndicate bankers say that this will lead to excellent conditions when deal flow starts again after the summer break.
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India's placements market is heating up, with new issuers set to raise fresh equity.
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ICICI Bank has closed its up to Rp150bn ($2bn) qualified institutional placement, according to a source close to the deal.
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Chinese electric vehicle manufacturer XPeng is aiming to raise up to $100m from a listing on the New York Stock Exchange.
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Investors threw their weight behind Housing Development Finance Corp's Rp140bn ($1.87bn) fundraising this week.