Deutsche Bank

KommuneKredit and the Asian Development Bank (ADB) will reopen the dollar market for SSA borrowers on Wednesday. Meanwhile, the EIB is lining up to perform the same service in sterling bonds.

Argentina’s resurgence in international bond markets helped JP Morgan end 2016 as the top firm in primary in Latin America bond markets, up from sixth place in 2015, according to Dealogic.

Anshu Jain, former co-chief executive of Deutsche Bank, is joining Cantor Fitzgerald as president.

India’s two main stock exchanges are set to start 2017 on a positive note, with Bombay Stock Exchange (BSE) likely to launch a $200m deal this month and National Stock Exchange (NSE) bringing a jumbo $1bn IPO in the second quarter.

Guangzhou R&F Properties Co and KWG Property Holding raised a combined $515m at the tail end of last week, just before the start of what many anticipate to be a busy year for Chinese property debt issuance.

Equity investors have something new to believe in: fiscal largesse in the US kickstarting global growth. That’s good news for the many companies and banks with capital to raise in 2017 — the trouble is, markets are likely to be as volatile as Donald Trump’s temper. By Jon Hay, additional reporting by Aidan Gregory

On the surface, equity capital markets are a well-oiled machine, built to run over the rocky ground of unpredictable stockmarkets. Beneath the surface, there is a lot of sweat. Banks are having to staff their teams with less money, but do just as many deals. Investors are under the cosh, too, squeezed by weak performance and the march of passive funds. Jon Hay reports.

Logan Property Holdings raised a quick $200m from five non call three notes on Thursday, two years after its last international public transaction.

A subsidiary of Malaysian telecommunications company Axiata Group has expanded the bookrunner group of a $400m loan, which was overhauled and boosted from the original $100m in November.

The Z5.14bn (€1.16bn) of loans for the leveraged buy-out of Allegro, the Polish online marketplace, have been allocated, with the leads choosing zloty rather than senior or junior euro bonds for the second lien piece.

Fresenius, the German kidney dialysis group, has closed its second Schuldschein issue of the year, growing the deal from the launch size of €400m to €1bn, which brings the its total issuance in the market this year to €1.38bn.

Australian casino tycoon James Packer sold his stake in Melco Crown Entertainment, his Asian joint venture with Hong Kong magnate Stanley Ho, in a $669.9m overnight bookbuild on Thursday.