JP Morgan

Deutsche Telekom and Hellman & Friedman have sold a 6.5% stake in Scout24, the German classified advertising website company, for €224m, through an accelerated bookbuild launched on Monday night.

Having issued twice in the Eurobond markets last month, Russia's Gazprom has turned its attentions to the loan market with an €800m four year deal.

Calcium aluminate maker Kerneos has cancelled its proposed €445m term loan ‘B’ refinancing deal, with French industrial minerals maker Imersys set to buy the firm from sponsor Astorg Partners.

Republic of Poland has opened books on its debut green bond, marketing the deal with a “sensible” a 20bp-25bp premium, according to emerging market bankers.

Uncertainty surrounds the attempt to recapitalise Banca Monte dei Paschi di Siena, as news media reported today that the European Central Bank had denied its request for an extension of the deadline for it to raise €5bn, until January.

Two firms with Asian links canned their US floats this week, with InnoLight Technology Corp and Ironshore announcing they have dropped their listing plans.

Banca Monte dei Paschi, and all involved in attempts to recapitalise it, are waiting for decisions from the European Central Bank, which will determine how its €5bn equity raising proceeds.

China Railway Construction Corp (CRCC) has sold its second convertible bond of 2016, this time a renminbi-denominated, dollar-settled trade linked to the offshore RMB spot price. Chinese issuers are warming to the structure amid concerns about RMB depreciation, as investors bear the currency risks. John Loh reports.

Country Garden Holdings priced a 10 year bond on Wednesday, having pulling an earlier attempt at a deal in November. While the market remains challenging, the issue was backed by anchor orders as the leads left little to chance this time.

VietJet Aviation is set to seal Vietnam’s largest domestic IPO as it heads towards the end of its management roadshow. It is giving international investors a rare opportunity to buy stock thanks to its decision to use a Reg S structure, with more privately-owned companies expected to follow suit. Jonathan Breen reports.

Barclays wants to be UK’s leading investment bank. Backed by a supportive CEO, it believes it has the team and strategy to achieve that, writes David Rothnie.

Banca Monte dei Paschi’s shares climbed 11% on Wednesday, on growing hopes that a way will be found for the Italian state to strengthen its balance sheet, enabling it to achieve a €5bn capital raising demanded by the European Central Bank and avoid a bail-in.