JP Morgan

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.

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.

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.

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.

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.

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.

A green bond and a conventional bond both hit the euro market on Wednesday. While neither aimed for size, the pricing action showed much hotter demand for the green offering.

Nasdaq-listed Momo this week bagged $650m from its first convertible bond, shrugging off a volatile market to close the deal multiple times covered.

The European leveraged loan market is starting to look a lot like it did in May, with a table full of multi-billion deals and bankers concerned about how much this spike in issuance could play into investors’ hands.

France sold its first syndicated tap on Tuesday, adding €4bn to its GrOAT line. The sovereign will be followed in the green market by a Danish agency's sophomore offering.

Two euro borrowers launched benchmarks on Wednesday, sharing the SSA euro market. While both secured successful deals, one found the market tougher going, as investors pushed back.

The Securities and Exchange Board of India has put the IPO plans of real estate company Lodha Developers on hold while it examines "past violations".