JP Morgan
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Metals tycoon Anil Agarwal has made a possible offer to take full ownership of Vedanta Resources, the London-listed mining company, for 825p a share, as UK M&A continues to drive a sharp increase in lending in the currency. -
Two borrowers, Marlink and Iris Software, offered a string of new medium sized leveraged loans this week, following the recent launch of some highly anticipated jumbo deals that sources say have helped renew investor interest in the European market.
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Hong Kong’s new biotechnology-friendly listing regime attracted IPO filings this week from China-based Innovent Biologics and MicuRx Pharmaceuticals.
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JP Morgan has hired Tobias Heilmaier, Goldman Sachs’ former head of chemicals for EMEA, as co-head of corporate finance coverage in Germany, a newly created role. Michele Iozzolino, who has been with the firm since 2005, will be the other co-head.
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The US dollar bond market ended a record-breaking month on a downbeat note as borrowers stayed on the sidelines amid a poor technical backdrop. Charter Communications became the first SEC registered issuer of the week on Thursday with a long five year trade and the only two other benchmark trades were from 144A issuers on Tuesday.
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Spain, fresh from its success with a 10 year benchmark on Tuesday, is eyeing a return to the long end of the syndicated inflation linker market towards the end of the year.
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Germany’s largest residential real estate company, Vonovia, took its total bond issuance year to date to €3.6bn after announcing a €500m no-grow five year deal as it continued to fund its M&A activity.
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Allen & Overy has hired Sally Dewar, JP Morgan’s head of international regulatory affairs, to lead its new Allen & Overy Strategy Group, a new regulatory consulting business.
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The debut dollar bond issue for Heungkuk Fire and Marine Insurance Co has caused some consternation in the market this week. The order book for the South Korean company’s subordinated deal had been open for a week as GlobalCapital Asia went to press on Thursday, leaving bankers and analysts scratching their heads.
