JP Morgan

The euro market is taking a breather as a frenetic January draws to a close. But one borrower hit screens and launched a deal on Wednesday, while the European Financial Stability Facility (EFSF) sent out a request for proposals for next week.

The two previous 100 year corporate bonds sold in the sterling market had received excellent responses and on Wednesday London-based charity the Wellcome Trust joined the century club, proving that investors' demand for ultra long bonds is far from satisfied.

Dubai Islamic Bank took advantage of a quiet market to raise $1bn with a skinny new issue premium on Tuesday, opening the sukuk market for financial issuers from the Gulf.

Equity investors have entered the New Year hungry for assets. Demand on deals has well exceeded initial volumes, leading to issuers increasing sale sizes.

Avedon Capital Partners, Bain Capital, Black Diamond and Cinven have launched the first post-IPO selldown of shares in JOST Werke, the German maker of axles and chassis for lorries and trailers which listed on the Frankfurt Stock Exchange in July 2017.

While Tuesday brought a flurry of euro benchmarks, the pace of issuance will slacken on Wednesday as the market battens down for a busy week of US data announcements.

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Entertainment One, the Canadian record label and entertainment company, has raised £53m, in an accelerated bookbuild, to partly finance its acquisition of the remaining shares in The Mark Gordon Company, the Hollywood production company behind films such as Saving Private Ryan, in which it already owns a 51% stake.

London-based charity the Wellcome Trust, which funds biomedical research, announced on Tuesday that it plans to become just the third issuer to sell a 100 year sterling bond. The Aaa/AAA rated charity met with investors on Tuesday morning and plans to issue the bonds as early as Wednesday.

Jamie Dimon, chief executive and chairman of JP Morgan, will be running the firm for at least the next five years, ending speculation that he will retire or run for office.

Dubai Islamic Bank on Tuesday launched the first public dollar bond this year from the Middle East, though the region's banks have been busy funding in other markets.

India’s Yes Bank raised $600m in its first offshore bond sale on Monday, as it makes international strides through its new banking unit.