JP Morgan

The Ministry of Finance of the People’s Republic of China has mandated 12 banks to work on its planned $3bn return to the bond market, which could come next week.

Hong Kong-based Alex Yuen has resigned from JP Morgan’s equity capital markets team, GlobalCapital Asia understands.

Kommuninvest was able to get more than enough demand for a rare three year dollar benchmark on Tuesday, despite the deal being priced at a level that onlooking SSA bankers said was flat to fair value.

Amphenol Technologies, the European subsidiary of a US fibreoptic cable connector firm, sold its first bond in euros on Monday. Despite a weaker secondary tone, demand for the 10 year deal justified the issuer’s decision to press ahead with the trade.

Nep Group, a US producer of broadcast programmes, gave price talk below 400bp for all first lien loans in the financing for its buyout by Carlyle, a further sign that margins have tightened in the leveraged loan market.

A DCM banker of five years standing is leaving BNP Paribas to join JP Morgan.

Kommuninvest hit screens on Monday for the first dollar benchmark by a Nordic public sector borrower since August.

Shurgard Safe Storage, the largest self storage property company in Europe, has begun bookbuilding for its flotation on Euronext Brussels, with a price range that values the company at a premium to its closest peers

Fears that European banks won’t use the call options on their tier two bonds are overdone, according to analysts at JP Morgan.

A shift in the euro/dollar basis swap means more euro funders could look at dollars, according to SSA bankers. Upcoming Asian holidays are likely to jumbo deals, but there could be room for smaller, cheaper names — with one of those issuers getting a rampant reception this week.

US healthcare company Abbott Laboratories debuted in the European corporate bond market on Monday, selling a €3.42bn triple-tranche deal. The proceeds of the jumbo deal were to repay the issuer’s outstanding deals in dollars.

Corporate dollar bond issuance ended a bumper month with a whimper as borrowers fought shy either side of the Fed’s September meeting.