JP Morgan

Argentine confectionary group Arcor, the best rated issuer in Argentina, is likely to announce a bond imminently, after it mandated a trio of banks to run a benchmark dollar issue.

Equipment manufacturer CNH Industrial has renewed its €1.75bn revolving credit facility, extending the maturity to June 2021 from November 2019 on "improved terms".

Wuxi Construction and Development Investment Co kept momentum going for Chinese local government financing vehicles, pricing a new $300m three year bond on Monday. Onshore bank treasuries drove the transaction but high quality offshore investors, who typically stay away from a keepwell structure, also participated.

Cemex Holdings Philippines has kicked off bookbuilding for its potential Ps24.4bn ($526.3m) listing, with the offering covered by cornerstones and anchor investors at the low end of guidance, according to a source with knowledge of the situation.

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.