JP Morgan
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Primary bond activity in Asia sprang back to life on Wednesday following a slow start to the week, with high yield issuance leading the way. -
Chile’s national oil company Enap raised $700m of senior unsecured bonds on Tuesday as an attractive new issue concession tempted investors despite the company’s high leverage.
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Greenko Investment Company is gearing up to become the first corporate from India to sell a dollar green bond, launching a roadshow in Asia, Europe and the US ahead of a 144A outing next week.
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US coatings manufacturer Axalta priced its $875m dual currency offering on Tuesday as it brought this week’s second cross-border bond, at pre-Brexit pricing levels.
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Banca Monte dei Paschi di Siena will try to raise €5bn of capital by completing its fifth rights issue in eight years by the end of 2016.
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Johnson Control’s automotive business, Adient, on Monday began a roadshow for $2bn-equivalent of high yield notes, with a 17 strong group of bookrunners.
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France's Danone has completed syndication of $13.1bn of acquisition loans to fund the purchase of North American organic foods company White Wave. Only relationship banks were invited to participate.
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The leveraged loan market remains one of the biggest sources of concern for the US Federal Reserve, which has cited it as the 'primary contributor' to the number of inadequate credits it examines.
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Export-Import Bank of India took the 144A route for the first time as it builds up its track record in the debt market. It was a masterstroke move for the issuer, as it got away with top notch pricing and saw US investors taking more than 60% of the notes.
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Chilean state-owned oil company Empresa Nacional de Petróleo (Enap) will look to tap the bond markets next week to fund a buyback of existing debt as Latin American companies continue to turn to tender offers just as often as the new issue market.
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LionTree, the telecoms and media-focused boutique advisory firm launched by former UBS banker Aryeh Bourkoff, has boosted its European expansion with the recruitment of one of JP Morgan’s most senior investment bankers.
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