JP Morgan
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IDB Invest, the private sector arm of the Inter-American Development Bank, failed to set the market alight with its debut fixed rate benchmark bond on Wednesday. There were no book updates and the trade was priced at the same level as initial price thoughts. -
Two public sector borrowers rode out the tricky conditions in the dollar market on Wednesday to find good demand for new issues. US Treasury yields recorded sharp falls that were due to a range of factors, including the launch of a formal impeachment inquiry into US president Donald Trump.
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The postponed listing of the We Company, owner of office provider WeWork, shows that IPO investors are disciplined in their search for growth stories. Banks should recalibrate their relationships with private capital providers, says David Rothnie.
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Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, has offloaded a small part of its stake in Kazatomprom, the state-owned uranium mining company, via an accelerated bookbuild on Wednesday evening.
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General Electric has announced the early bird results of a multibillion dollar and euro bond buyback and cut the offer period after a huge response from early deadline investors.
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Russia’s State Transport Leasing Co, also known as GTLK, printed a $550m Reg S bond on Wednesday from a book of more than $1.3bn, with a surprisingly high proportion of US offshore demand.
