JP Morgan
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Investors have greeted India’s latest IPOs with open arms, as PNB Housing Finance and Varun Beverages seek to raise Rp41.1bn ($616.9m) this week.
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Seven deals launched Thursday as issuers came out in force to raise money ahead what is expected to be greater market uncertainty in November.
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A trio of issuers on Wednesday were able to tighten pricing or print above their minimum targets — or both — in another strong day for the dollar market.
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SNCF Réseau will issue the first green bond ever from a European transport company on Thursday.
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A fourth issuer of the week has broken its record for longest dated syndication ever, while the European Financial Stability Facility wrapped up its 2016 needs with a trade that looked almost short end by comparison to the rest of the week’s euro supply.
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The Moser family intends to become the sole owner of UK mortgage loan provider Together as private equity firm Equistone and Standard Life plan PIK issuance before exiting the company.
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DNA Ltd, Finland’s third largest mobile phone operator, has decided after a strategic review to embark on a second attempt at an IPO, more than three years after shareholders voted against going public.
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Bank of Communications Financial Leasing Co snagged $1.5bn from a dual-tranche offering on Tuesday, as it opted for a slightly different structure to its past transactions.
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Aluminum Corporation of China is planning its return to the international bond market, having hired banks for a Reg S dollar senior perpetual.
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India’s Varun Beverages opened books to its Rp11.1bn ($166.6m) IPO on Wednesday, with anchor investors taking up their full allocation at the top of the price range.
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ConvaTec, the UK medical technology company, has priced a jumbo £1.7bn ($2.1bn) initial public offering at the bottom of its initial range.
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Spain’s real estate investment trust Merlin Properties on Tuesday sold its second issue in a market where most eyes turned to Danone’s €6.2bn jumbo deal.