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JP Morgan

  • B2 rated Infinitas priced on Tuesday its €380m term loan ‘B’ refinancing at the lower end of the guidance having first signed the deal just eight months ago.
  • Corporate bond investors had it well flagged to them that French dairy goods producer Danone would bring its jumbo five tranche offering this week, but it sparked excitement all the same when it arrived.
  • Bank of Communications Financial Leasing Co launched its second dual tranche dollar bond of 2016 Tuesday, following a global roadshow last week.
  • Cofco Meat Holdings has sealed its IPO at the bottom of guidance, netting HK$2.0bn ($257.9m), according to a banker close to the transaction.
  • CEE
    Russia’s largest privately owned oil company Lukoil is set to bring its first bond in three years on Wednesday. Demand for the top tier Russian corporate is expected to be strong and could drive pricing inside the borrower's indicative curve, according to rival bankers.
  • Jordan made its second standalone entry into the international markets on Monday with a $1bn 10.25 year. The sovereign used Saudi Arabia’s international bond success last week and its index eligibility to grind in pricing to pay a negligible new issue premium.
  • PNB Housing Finance has launched its Rp30bn ($449m) IPO, India’s second largest this year, to an enthusiastic response from anchor investors as the country's FIG names continue to draw interest.
  • JP Morgan’s head of CEEMEA credit trading has left his job, according to market sources.
  • Electronic trading firm Ion Trading has tapped its term loan signed in August by subsidiary Wall Street Systems for €130m, as the latter acquires fellow fintech firm Reval.
  • The International Finance Corporation tapped a July 2026 Australian dollar bond for A$50m ($38.1m) on Monday. As part of its efforts to increase the minimum size of its 10 year Kangaroo taps from A$20m to A$50m, the IFC found investors to top up an initial A$30m reverse enquiry.
  • Barcelona-based real estate company Inmobiliaria Colonial on Friday sold its new eight year bond to repay the four year tranche of its debut bond maturing in 2019.
  • China Great Wall Asset Management Corp priced a dual-tranche offering on Thursday, finding strong demand for its deal. The relatively small size and the timing of the transaction worked in favour of the bad debt manager, according to bankers.