Banks

Investors ploughed into Lendlease Global Real Estate Investment Trust’s S$740.3m ($538.1m) IPO in Singapore, attracted to the potential yields on offer amid a low interest rate environment.

State-owned Metallurgical Corporation of China (MCC) is seeking a debut $300m offshore loan for a project in Papua New Guinea.

A veteran capital markets banker from Standard Chartered has joined CLSA in Hong Kong as head of debt syndicate.

Morrisons, the UK grocer, was praised on Tuesday for a 12 year sterling bond issue, which impressed bankers off the deal.

On Tuesday the Loan Market Association held its annual syndicated loans conference, where heads of loan syndications reflected on a year of gloomy headline figures — but some promising sub-headers.

Kommuninvest kicked off the dollar market this week with a $1.25bn blowout, despite it being at record tight levels over Treasuries, according to a banker on the deal. Following on from Kommuninvest’s deal, a wide range of SSAs look to print across the curve, including rare issuer IDB Invest with its five year dollar bond debut.

French laundry firm Elis launched a dual tranche bond issue on Tuesday, achieving a coupon of just 1% for a high yield-rated issue, and stacking up a book of over €2bn.

Infrequent issuer Henkel made a decent return to the bond market in a dual tranche intraday transaction on Monday, with the chemical and consumer goods company shrugging off concerns about its longer duration tranche to print £750m.

Société Générale, in partnership with philanthropy facilitator Epic, has begun a new solidarity financing initiative that will integrate with treasurers' FX hedging operations.

The US’s Thermo Fisher Scientific had a barnstorming outing in the euro bond market on Tuesday, raising hopes that fears of an oversaturated market were overblown.

French agency SNCF Réseau steamed on to screens on Tuesday with initial pricing thoughts for a tap of its December 2047 green bond.

DP World has become the third Middle Eastern borrower to launch a sustainable finance framework — a preparatory move ahead of a debut green bond. More issuers from the Middle East are expected to follow suit.