Banks
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JP Morgan has hired equity capital markets banker Jonathan Paul, the latest in a series of additions to its Asia Pacific ECM team. -
Bank of America has poached Subhrajit Roy from a local firm in India to take over its global capital markets business for the country.
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Five real estate companies from Greater China made their way into the dollar bond market on Thursday, appealing to investors with short tenors and juicy new issue premiums.
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Japan’s Sumitomo Mitsui Financial Group has formed an alliance with Jefferies and is providing the US investment bank with capital to pursue its ambitions in leveraged finance.
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Novo Banco found just enough demand to print its first preferred senior bond this week, setting the issuer off on a journey towards its minimum requirements for own funds and eligible liabilities (MREL) targets. Market participants drew attention to the Portuguese bank’s controversial past, including imposing unexpected losses on a group of senior bondholders.
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Four public sector borrowers received strong receptions in the primary US dollar market this week, with a lack of supply in the currency over the last few weeks overriding volatility in US Treasuries.
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Goldman Sachs’s much-trumpeted middle-market investment banking initiative is being overshadowed by the bank’s natural affinity for the biggest and most complex deals, writes David Rothnie.
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Oldenburgische Landesbank (OLB) launched a €100m of additional tier one (AT1) capital on Thursday, with new issuance in the asset class remaining skewed towards sub-benchmark transactions.
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Leasys, an Italian car rental company, and similarly rated commercial property investor Lar España Real Estate competed for investor attention on Thursday with debut green deals, in a major test for the type of esoteric issuers that typify the slower summer market.
