JP Morgan

Alex Large, head of JP Morgan’s equity-linked business in Emea, has told the bank he wants to pursue a fresh stage in his career, a source at the bank said, and is taking the summer off.

China Development Bank Financial Leasing Co has finalised the marketing price range for its listing, which would raise HK$7.6bn ($979.5m) at the top end, and has signed up cornerstone investors to take up nearly 80% of the float, according to a source close to the deal.

Wuxi Construction and Development Investment Co kicked off bookbuilding on Monday for its first appearance in the offshore bond market. It is expected to be followed shortly by Jiangsu Hanrui Investment Holdings, which has mandated banks for its maiden dollar trade.

Papua New Guinea has selected four banks for its maiden dollar bond and is set to meet investors in Europe and the US.

The dollar market ended its record-breaking run of issuance this week as uncertainty around the outcome of the UK referendum vote caused buyers to take flight and spreads to widen.

Mobile TeleSystems (MTS) has launched a tender offer on its 2020 bonds on Wednesday, becoming the latest Russian corporate to buy-back its dollar debt.

Tele Columbus, Germany's third largest cable operator, is marketing a €125m five year loan to replace its second lien facility.

South African investment firm Brait has signed new four year debt facilities as it seeks further potential acquisitions.

Europe’s investment grade corporate bond market has almost caught up with last year’s volume, after a dire start to the year, but issuance in the next nine days is likely to be very quiet, leading up to the Brexit referendum on Thursday June 23.

US fashion brands group PVH Corp on Tuesday sold its first bond in the euro high yield market, amid growing concerns that the UK could vote to leave the European Union.

Sysco Corp, the US food service group, completed the financing for its acquisition of UK peer Brakes Group on Tuesday with a €500m bond that was successfully sold in the teeth of market volatility.

FCA Bank, the Italian car finance bank, joined US company Sysco in issuing a euro corporate bond on Tuesday, despite turbulent market conditions — and like Sysco, achieved a good result.