JP Morgan

Leaders of the big US investment banks were cautiously optimistic about upcoming investment banking activity, despite a poor second quarter across their capital markets divisions.

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JP Morgan made an appearance in euros as it came out of earnings blackout this week amid strong market conditions and as the market winds down for the summer. Boosted by the European Central Bank's dovish policy, FIG bankers expect a smooth second half of the year.

L-Bank issued its biggest single bond in dollars this week while the Inter-American Development Bank (IADB) printed its first ever dual tranche trade in the currency. But some market participants warned that the good times at the short end of the dollar curve might be coming to an end.

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Singapore-listed real estate company CapitaLand Commercial Trust has raised S$220m ($162m) from a private placement to fund an acquisition in Germany.

China’s DouYu International Holdings ended a three month journey to a Nasdaq listing this week, closing the biggest Chinese deal on the exchange this year. The company was forced to price the shares at the bottom of guidance, but returned with a much bigger size than originally planned. Gina Lee and Jonathan Breen report.

Just 16 days after Laurentino Cortizo took office as president, Panama tapped the bond market for its largest ever deal. The government said it needed to raise funds to make overdue payments.

Ithaca Energy, a UK-based oil and gas operator, revised its bond terms to placate investors this week — marking a rare victory for the buy-side in a market that has offered ever weaker protection. Buyers for the bonds had been prepared to swallow Ithaca's original proposals, but demanded a double digit yield to do so, forcing the borrower to back down to hit its target price. Karoliina Liimatainen reports.

Investors pumped €2.25bn of demand into Italgas’s €600m 10 year note on Wednesday, leaving the deal nearly four times covered. That was despite a soft economic background and the more muted €1bn of demand Goodman European Partnership, the logistics Reit, had got on Monday for its €400m 10 year no-grow bond.

India’s Adani Ports and Special Economic Zone has bagged $650m from 144A/Reg S bonds to fund a tender offer of notes due next year, pricing the new issuance at a competitive level.

SSA names found the going varied in dollars on Tuesday, with the Inter-American Development Bank only just covering the minimum size of its tightly priced short end trade while Land NRW and L-Bank saw chunkier demand.