JP Morgan

Sappi Papier, the Austrian-South African paper manufacturer, is seeking to issue €350m of secured notes to refinance its 2021 dollar bond, in a European high yield market that has brought forward its post-Easter pipeline of deals.

Bank of America Merrill Lynch has promoted a new head of global capital markets from its leveraged finance division.

Cemex Holdings Philippines (CHP), an affiliate of Mexican cement giant Cemex, is seeking approval from the Philippine stock market regulator for a potential Ps39.7bn ($851.6m) IPO.

Malaysian telecommunications giant Axiata Group and Bank of Communications Financial Leasing are looking to tie up their respective dollar offerings on Tuesday with the former executing a sukuk and the latter a conventional bond.

Creditors have rejected the chance to sell to the Austrian province of Carinthia discounted bonds in Heta, the bad bank created in 2009 to dispose of the assets of Hypo Alpe Adria.

L-Bank is set to print a five year dollar benchmark as investors eagerly await the outcome of this week’s Federal Open Market Committee (FOMC) meeting.

State-owned Majan Electricity Company is syndicating an Omani riyal and dollar denominated loan, according to bankers.

Diebold, the US cash machine (ATM) manufacturer, had bank meetings this week for its $1.3bn term loan ‘B’, backing its $1.8bn acquisition of Wincor Nixdorf.

Rabobank took advantage of tightening spreads to grab €2bn of long dated senior funding on Monday,and after the European Central Bank’s latest round of stimulus measures more banks are expected to follow this week.

Chinese e-commerce group Alibaba has launched its latest loan at $3bn, less than a week after it signed an agreement with eight mandated lead arrangers and bookrunners. However, the financing could be even bigger, with the top group hoping demand will be strong enough to increase it to $4bn by the end of syndication.

ArcelorMittal’s share price shot up on Friday March 11 after the Amsterdam-listed miner and steel maker set the terms for its $3bn rights issue, but then dived on Tuesday morning and though it has recovered, is now lower than last week.

Doosan Bobcat, part of South Korean chaebol Doosan Group, has roped in six banks to lead its IPO.