Banks
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Danske Bank slipped in ahead of a post-earnings supply rush on Monday to issue a new tier two note at flat to fair value. According to one banker, the deal showed that investors were still willing to take on risk even as spreads near record lows. -
World Bank has been aggressively pushing out its curve linked to the Secured Overnight Financing Rate: the new risk free rate in dollars. Other supranationals are eager to follow the Bretton Woods institution into longer dated floating rate paper.
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JP Morgan paid a visit to the euro market for new senior funding at the start of the week, following recent examples set by Goldman Sachs and Morgan Stanley.
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Axa Investment Managers' Yo Takatsuki has joined JP Morgan Asset Management as head of investment stewardship for Europe, the Middle East and Africa.
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Veolia Environment, the French utility, has launched an all-out attack in its attempt to buy domestic rival Suez, as the acquisitive company looks to bypass Suez’s board in an offer to shareholders that values the target company at €11.3bn. Suez is already claiming that the move has been denied by the courts.
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HH&L Acquisition Corp has bagged $360m after increasing the size of its New York Stock Exchange IPO, in yet another sign that Asia-focused blank cheque companies are surging in popularity.
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Brookfield Asset Management has pulled off India’s third ever real estate investment trust IPO, raising Rp38bn ($521.7m) as strong demand covered the deal multiple times over.
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JP Morgan has named Simone Haslinger and Jonas Troeber as the co-heads of its equity capital markets business in Australia and New Zealand.
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Banco Comercial Portugues made a rare foray into the senior market on Friday, enticing investors with a bit of extra yield on its speculative grade transaction.
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Hipgnosis Songs Fund, a London-listed investment trust focused on music royalties, has closed its latest share sale, raising £75m.
