JP Morgan

L-Bank and the African Development Bank are set to be the latest issuers this week to take advantage of rising short end dollar swap spreads, mandating for deals on Wednesday after Finland printed a short dated deal of its own.

A trio of public sector borrowers comfortably printed at the long end of the euro curve on Wednesday, but the deals suggested a slowdown in demand after a bumper April for the currency.

Arrow Global, the UK consumer debt manager, will start investor meetings on Thursday for a €225m floating rate note to fund its buyout of InVesting BV and repay its revolving credit facility.

Beijing-based Sunshine Life Insurance Corp has opted for a triple-tranche offering for its debut in the offshore bond market, dividing the trade into three year, five year and 10 year notes.

A year can go by without an IPO in Prague, but this week has brought two. The day after GE Money Bank set out to float, Energetický a průmyslový holding (EPH), the Czech coal, gas and power company, began investor education for its plan to list EP Infrastructure, its energy transmission and distribution business.

The bookbuild began on Tuesday for the Paris IPO of Mediawan, a special purpose acquisition company (Spac) set up by three big hitters of French business to buy media and entertainment businesses.

A hungry euro market gorged on deals from France and the European Union on Tuesday, instilling confidence that a trio of trades on Wednesday’s menu will go well — despite two of them being in the same tenor.

Russian container terminal operator Global Ports Investments printed the first Russian debut bond since the Crimea crisis on Monday in a deal that was 3.5 times subscribed.

PNB Housing Finance has made changes to the bank group leading its $400m Indian IPO, bringing in Bank of America Merrill Lynch to replace Barclays as a lead manager, according to a source close to the trade.

Jacob Steinfeld, JP Morgan’s head of EM corporate research and strategy, has moved to the bank’s Latin American credit trading business — leaving one of his team to take his old job, according to an internal memo. At the same time the US bank has added a new name to its Lat Am credit research team.

GE Money Bank, the Czech retail and SME bank, announced its intention to float on Monday, as its parent General Electric executes its plan to sell most of its financial services operations.

Bank Nederlandse Gemeenten, FMO, Japan Bank for International Cooperation and the Province of Quebec all hit screens on Monday for forthcoming dollar deals, with bankers remarking that the SSA market could be set for another hectic week.