JP Morgan

Spanish low cost airline Volotea has decided to postpone its initial public offering in Madrid, making it the first ECM victim of this year’s heightened market volatility.

China Railway Rolling Stock Corp unveiled a rare H-share convertible bond on Monday, raising $600m with what is only the second deal in the format in nine years.

Trading in Saipem, the Italian oil and gas engineering company, had to be suspended on Monday, the first day of the firm’s €3.5bn rights issue, due to heightened volatility in the stock.

Bankers are hoping for some busy Kazakhstan deal flow as the Tengizchevroil (TCO) oil consortium holds discussions for an unsecured corporate loan of several billion dollars.

The Dominican Republic gave a further indication of Latin American borrowers’ new pragmatic attitude to market access by taking the unusual step of raising $1bn of 10 year money on a Friday.

Shares in Saipem, the Italian oil and gas engineering company, fell to a new 14 year low today, after it released the pricing details of its €3.5bn rights issue at midnight on Thursday.

The Nordic Investment Bank added to a busy week in sterling on Friday by printing a £200m March 2019 bond.

The carnage afflicting worldwide financial markets played into a trio of issuers’ hands this week, with each one able to attract strong demand from investors seeking safety in uncertain times.

Chemring, the UK defence contractor, said on Thursday that it would issue £80.8m of new shares to reduce its debt, after profit shortfalls last year.

A storming start to the supranational and agency sterling market showed no signs of abating this week as issuance volume reached a record year-to-date high — and another issuer lined up a deal for Friday.

The global sell-off in commodities and stocks has brought the US corporate bond market to a standstill, leaving corporate issuers unsure about when they can tap the market after the only trade of the week stumbled and AB InBev’s $46bn blockbuster continued to underperform.

JP Morgan has changed its equity capital markets leadership in EMEA, making a new push in equity solutions and creating a vacancy on the syndicate desk.