JP Morgan

Bank Nederlandse Gemeenten (BNG) is the first SSA borrower this week to brave the dollar bond market as tricky conditions in other markets make life tough for issuers.

China Railway Construction Corp has priced the first H-share convertible bond in Asia ex-Japan since 2007, raising $500m to get this year’s equity-linked market rolling.

India's Quick Heal Technologies wrapped up investor meetings for its $70m-$80m IPO last week and plans to open books in mid February, according to sources.

The European Investment Bank and the Federal State of Berlin announced on Monday their intention to print in euros in a week in which the European Central Bank is expected to make a decision regarding interest rates.

Spanish low cost airline Volotea has declared its intention to float in Madrid, with one lead banker saying the oil price fall could help the deal succeed.

Clydesdale and Yorkshire Bank Group, the UK mid-sized bank being spun off by National Australia Bank, has set the price range for its London IPO at a level that it hopes will prove compelling to investors in spite of market volatility.

Emerging markets bankers were treated to a new name on Monday as Banque Ouest Africaine de Développement (BOAD) announced a roadshow for its debut bond.

Several major Italian ECM deals are set to move forward in the next few weeks. Saipem, the oilfield services company, will open subscription for its €3.5bn rights issue on Monday January 25. And Veneto Banca is set to announce in the next couple of weeks more detail of its €1bn capital increase and flotation, to be completed in April.

The Inter-American Development Bank has printed a £250m December 2019 bond that has set a new record for year-to-date supranational and agency sterling issuance.

Ascential and Countryside Properties this week swelled the ranks of London’s declared IPO hopefuls, which already included CMC Markets and CYBG, as the UK ramps up to what is expected to be a busy IPO season.

A strong start to public sector dollar issuance in 2016 fell away this week, as volatile swap spreads returned and worries over the health of the Chinese economy made printing further along the curve difficult.

Scandinavian Tobacco, the manufacturer of cigars and pipe tobacco, launched its all secondary initial public offering on the Copenhagen Stock Exchange on Thursday, with the release of an intention to float statement.