JP Morgan

The board of Shire, the pharmaceuticals company, has given the thumbs-up to a £46bn takeover offer by Japanese rival Takeda, with $30.85bn of loans already lined up for the purchase.

Sydbank is preparing to sell its first additional tier one bond in the euro market, complementing plans to optimise its capital structure via share buy-backs.

IndInfravit Trust lifted the gloom in India’s infrastructure investment trust market this week after its Rp32.3bn ($484m) private placement, a first for the asset class, drew in Allianz Capital Partners and Canada Pension Plan Investment Board.

Nitrogénművek found demand at the second time of asking on Friday, raising €200m with a seven year note after first attempting to bring a deal last year.

Vonovia, the largest residential property company in Germany, raised €1bn on Thursday night to finance its proposed acquisition of Victoria Park, the Swedish property company.

Bayer has taken the last step towards separating Covestro, its former plastics division, after pricing the biggest equity block trade of the year so far.

Zhongsheng Group Holdings has raised HK$3.9bn ($500m) from a 2023 convertible bond. It plans to use the proceeds to buy back its debut CB, executing a deal with a rare structure, according to a source close to the transaction.

Hungarian fertiliser company Nitrogénművek has released initial price guidance for its €200m seven year non-call three bond.

JP Morgan has made cuts to its European equity research division, with two of its lead analysts leaving the bank.

The Republic of Ghana is heading off on a roadshow for 10 and 30 year bonds, with a tender offer for its existing 2022s and 2023s attached to the transaction.

Hungarian fertiliser company Nitrogénművek has completed a roadshow ahead of an expected €200m seven year non-call three Reg S/144A bond. It is expecting to price the deal “as early as tomorrow [Thursday]”.

The JP Morgan Emerging Markets Bond Index is at its widest since 2016 and the Rusal problem for bondholders persists, but the CEEMEA bond market continues churning out deals.