JP Morgan
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Bahrain has picked five banks to arrange its next Eurobond. With one of those banks also linked to the Saudi Arabia mandate, the deals are expected to be timed to avoid collision. -
JP Morgan has given co-head of global syndicate Ryan O'Grady a job leading the newly established 'credit product development' team. Meanwhile, reporting lines on the desk have changed, and the bank's public finance syndicate has joined the global desk.
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The dollar market for public sector borrowers is showing remarkable disdain for bankers’ summer holiday plans, with a trio of deals printed across the curve during the usually quiet days of August. But this week’s long dated deals are unlikely to signal jumbo 10 year dollar benchmarks’ return from a long vacation.
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Asian Development Bank (ADB) this week became the first supranational issuer to print a dual tranche green bond. But opinion was mixed as to whether such an approach will catch on.
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uarantor: Financial Market Stabilisation Fund of the Federal Republic of Germany
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Akbank will widen the margin on its loan by 25bp if the bank is downgraded. The move is a condition the bank’s relationship lenders required after the attempted coup in Turkey on July 15. While Burgan Bank this week avoided a similar clause, other Turkish banks will likely have to accept them.
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Greenko Energy Holdings became the first Indian corporate to sell a green bond in US dollars this week, setting a benchmark for high yield names in the sector. Issuers from the south Asian country are leading a charge for green debt in Asia and more corporates are set to follow suit. Addison Gong reports.
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The International Finance Corporation (IFC) has sold the first Nigerian naira bond since the country's central bank abandoned the currency’s peg to the dollar.
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FMS Wertmanagement printed $2bn of bonds on Wednesday for the first time since November 2013 and only the fourth time in its history, as rampant demand in the currency showed no signs of letting up.
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JP Morgan has hired a new head of European loan trading in London, poaching the banker from Credit Suisse.
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European equity capital markets remain muted ahead of what many participants expect to be an extremely busy autumn window. Yet in London, there is one live deal of substantial size progressing steadily towards completion.
