JP Morgan
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US online booking company Booking Holdings has signed a $2bn revolving credit facility, with a slew of domestic and global banks joining the trade. -
KBC only needed to offer a slim new issue premium to attract €2bn of demand for a new tier two bond this week. The deal pricing was squeezed by 20bp from initial price thoughts, resembling senior deals from other issuers.
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Megvii Technology, a Chinese artificial intelligence (AI) company best known for the facial recognition platform Face++, has set the ball rolling for its dual-class share listing in Hong Kong.
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The China Securities Regulatory Commission (CSRC) has approved the appointments of a number of directors at JP Morgan’s new China securities joint venture, including its head of investment banking.
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JP Morgan announced the terms of a massive tender offer this week, as supply slowed to a trickle in the US dollar market.
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Korea Development Bank moved to place the largest Korean Kangaroo earlier this week, a note that was also priced more tightly than any other Korean-issued Aussie dollar deal.
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The World Bank was one of a bevy of SSA dollar issuers raising a total of $8.4bn this week, with most of the trades indicating that investors coming back from the summer were having to decipher a completely different market to the one they left.
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Credit analysts at JP Morgan are urging investors to swap their euro bond holdings for similar deals in dollars, where they say there are ‘attractive opportunities to position for convergence’.
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The Nordic corporate bond market may be starting to stir from its deep summer sleep, as Samhällsbyggnadsbolaget i Norden (SBB) revealed on Tuesday plans for a new issue. The Swedish housing and social infrastructure company, rated BBB-/BBB- (both stable), has announced a roadshow starting on August 23 for a seven year euro note.
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The World Bank has mandated for its first dollar benchmark of its fiscal year, as the issuer starts hacking away at its up to $60bn funding programme for the year.
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The dollar SSA market was ablaze on Tuesday, with five deals on screen offering small new issue premiums and gaining chunky demand across the maturity curve.
