JP Morgan
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TBC Bank, Georgia’s largest bank by assets, loans and deposits, is hitting the road to market a dollar senior unsecured bond. -
European elections, which produced relief in much of Europe and some horror in the UK, have not fazed corporate bond markets. But they may have caused this week's dearth of issuance. Illinois Tool Works' three trancher on Wednesday may be the only fruit. But investors' diaries are filling up with roadshow dates.
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Magnitogorsk Iron and Steel Works, the second largest steel producer in Russia is embarking on a roadshow for a dollar benchmark five year bond — its first for 16 years.
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Delhi International Airport (Dial) offered investors a rare 10 year high yield bond on Tuesday, securing the company $350m from a more than six times subscribed order book.
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Marel, the Icelandic meat processing machinery company, has secured cornerstone orders from BlackRock and Credit Suisse Asset Management for its €350m IPO on Euronext Amsterdam.
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Trainline, the UK transport booking website, said on Tuesday that it plans to raise £75m of new capital, having confirmed its intention to float on the London Stock Exchange.
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Companies wanting to issue bonds in Europe this week will have to shoot their deals through narrow gaps between holidays, as Thursday is a holiday in several European countries, including France, Germany and the Netherlands.
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Airtel Africa, the African subsidiary of Indian telecommunications conglomerate Bharti Airtel, has announced its intention to float on the London Stock Exchange, paving the way for a multi-billion pound IPO that will allow its parent to raise funds to reduce its debt.
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Cielo, the largest merchant acquiring and payment processing company in Brazil, is looking to raise a new domestic bond to finance the buy-back of a portion of its only international bond.
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Sellers of the IPO of Trainline, the UK transport booking website, are confident that the listing is a strong enough prospect to withstand any political pressures affecting the UK, including a Labour government intent on nationalising the country’s railways.
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JP Morgan has reorganised its frequent borrower primary markets desk with a series of internal promotions, GlobalCapital understands.
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