JP Morgan
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Nets, the largest digital payments processor in the Nordic region, has announced the price range for its Copenhagen IPO, which values the business at up to $4.8bn, almost double the price its private equity owners Advent and Bain paid for the company in 2014.
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US car rental group Hertz on Monday opened a two day roadshow for euros to refinance part of the debt of its European division and fund its operations.
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The prospect of the first international bank capital trade from India is closer with State Bank of India on the road this week for a dollar-denominated additional tier one. While it has picked a good window, it needs to get the pricing right or risk derailing the rest of the market.
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Postal Savings Bank of China has started taking orders for a Hong Kong IPO that could be worth HK$62.7bn ($8.1bn). Set to be the world’s largest float in two years, the deal is going to add about $130m in fees to the underwriters’ coffers.
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The World Bank mandated four banks on Monday to sell a five year dollar benchmark. The bond will be the borrower's first benchmark at the maturity since May.
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Bank Nederlandse Gemeenten has kicked the week off with a long dated tap in euros and a mandate for a follow-up two year dollar benchmark, which will share Tuesday's market with two other dollar trades.
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German healthcare group Fresenius has mandated three banks to provide a bridge loan for its €5.76bn acquisition of Spain’s largest private hospital group, Quirónsalud, and may add a fourth, according to a banker close to the deal.
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Credit is expensive relative to fundamentals, JP Morgan announced this week, yet the actions of central bank policy will ensure that it remains so toward year end as risk premiums are increasingly compressed, and investors remain desperate for paper.
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DBS Bank in Singapore has mandated leads for a roadshow to market its first euro-denominated covered bond, and the second from a Singaporean lender in euros.
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In one of the busiest days recently for Asian debt capital markets, investors gobbled up $2.2bn worth of issuance on Thursday — all from Chinese names.
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State Bank of India has mandated seven firms to arrange a dollar-denominated bank capital additional tier one offering — the first deal of its kind from the south Asian country.
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South Korea’s Doosan Bobcat has announced the price range for its IPO, which is expected to raise W2.4tr ($2.2bn) and become the largest listing in the country in six years.