JP Morgan

Bayer, the German life sciences company, has clinched an agreement with the board of Monsanto to buy the US company for an enterprise value of $66bn, to be financed with one of the largest rights issues in history.

Repricings are bubbling up across the levloan market as two firms, one Austrian and one US, launched repricing requests on Wednesday following SIG Combibloc's lead.

On Wednesday, Bayer said that five banks have agreed to provide the hefty bridge loan for its $66bn acquisition of US agrochemicals specialist, Monsanto. But the $57bn deal is not yet being syndicated, according to one of Bayer’s relationship banks.

Rentenbank updated its on-the-run 10 year Kangaroo year note on Wednesday, trying to keep Asian investors interested in this key area in the borrower's funding programme.

Lithuania is lining up its first trade of 2016 and has picked two banks to lead a tap of its euro 2.125% 2035s.

US coatings maker Axalta on Tuesday sold a €450m bond to redeem its 2021 euro notes, a month after it redeemed its 2021 dollars, cutting its coupon by 200bp.

A jumbo bond intended to refinance the debt of merged companies Quintiles and IMS on Wednesday added to a deluge of high yield issuance, with the market seeing €4bn of new bonds by Thursday.

Pure Gym, the UK’s largest gym operator, is proceeding with its £190m IPO on the London Stock Exchange to finance its expansion plans and substantially reduce debt.

State Bank of India launched the first-ever offshore Basel III compliant additional tier one (AT1) bank capital offering from an Indian name on Wednesday, a deal market participants expect to set the pricing benchmark for future Indian lenders from this asset class.

Deal fatigue is not a term World Bank investors seem familiar with after they put in $4bn of orders on Tuesday for the borrower's fourth five year dollar benchmark of the year, allowing it to be priced at the tight end of guidance.

Kommunalbanken (KBN) on Tuesday took advantage of Lael Brainard's, a US Federal Reserve governor, dovish comments on US rates from the day before to eliminate any premium paid on its new five year dollar benchmark.

HSH Finanzfonds printed its first ever public bond on Tuesday, attracting strong enough demand for two rounds of price tightening.