JP Morgan
-
Sentiment is deteriorating in the financial institutions bond market amid fears of a second wave of coronavirus infections. Issuers are now expected to take a back seat until credit spreads show more signs of stability. -
New Zealand hit screens on Monday morning with a new syndicated bond, its third of the 2019-20 fiscal year.
-
Hotel and casino operator Wynn Macau followed its gaming peers into the dollar bond market last Friday, but weaker market sentiment meant the borrower failed to tighten guidance on its $750m deal.
-
Transition bonds were the hot idea of 2019 in green finance circles, appearing to offer a way to expand themed bonds to a much wider range of issuers. But the product has struggled to gain momentum. This week’s deal from Snam, the Italian gas grid company, confirmed that it has an audience, among both issuers and investors.
-
African telecommunications infrastructure firm Helios Tower’s $750m bond this week tested the waters for high yield corporate issuance from emerging markets.
-
The Africa Finance Corp, the Nigeria-headquartered multilateral development bank, has issued its first Eurobond of 2020, winning three times oversubscription.
-
H4, a fintech firm which has received investment from JP Morgan, Goldman Sachs, Barclays and Linklaters, is giving capital market participants the chance to move document creation and storage into the 21st century, chief executive Joe Seifert tells GlobalCapital.
-
-
-
Conditions in the financial institutions bond market worsened this week but plenty of senior and subordinated bonds still got away. With credit spreads unpredictable, the supply outlook remains favourable, said bankers.
-
Bonds of Unilever, the consumer goods firm, jumped on Thursday, despite it being a day of risk aversion in the markets, after it announced plans to merge its Dutch and UK entities. Unilever billed the move as simplifying its corporate structure to prepare for what it expects to be "the increasingly dynamic business environment that the Covid-19 pandemic will create" — as bankers predict industrial shake-ups will lead to mergers and acquisitions.
-
Jiangxiaobai is planning to list in Hong Kong this year, according to a source close to the deal.
