JP Morgan
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Barclays has hired Tim Throsby, who is global head of equities at JP Morgan, to two senior roles, as chief executive of the corporate and investment bank, and president of Barclays corporate and international. Throsby will take up the posts in January, subject to regulatory approval.
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British American Tobacco issued the first corporate sterling bond of the autumn on Monday as it reached for tenor, tapping the market for a 36 year deal.
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A dire year for hybrid issuance received some cheer on Monday as German utilities company ENBW mandated three banks for a transaction in the asset class, the European market’s third such deal this year.
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Aluminium Bahrain (Alba) has increased the size of its seven year loan from $750m to $1.5bn after strong demand in syndication, said one banker on the deal.
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A S$350m ($259m) loan signed between Lippo Malls Indonesia Retail Trust (LMIR) and a group of lenders has opened into syndication.
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Postal Savings Bank of China has tacked on some 20 bookrunners to the syndicate group for its long awaited $8bn IPO in Hong Kong, which is set to begin pre-deal investor education on Monday.
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Islandsbanki has become the first Icelandic bank to issue a benchmark bond in euros since the financial crisis.
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Steinhoff completed syndication of $4bn of acquisition loans this week with the deal going “better than expected", according to bankers. The loan market has not shown signs of fatigue for the South African-based furniture retailer, even though the borrower has already asked a lot of the market this year.
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Institutional investors turned out in force for Slovenia’s euro market return on Wednesday, allowing the sovereign to tighten pricing by more than 10bp.
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Coca-Cola made a smash and grab raid on the dollar bond market on Monday as it jumped in ahead of a predicted onslaught of supply next week.
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Five banks raised more than $10bn in the senior unsecured dollar market this week, exploiting strong demand and at spreads that were in line with where covered bonds would have priced.
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HSBC and Santander UK found strong demand for senior bonds issued from their holding companies this week, revealing an opportunity for more deeply subordinated supply such as Nordea’s tier two benchmark.