JP Morgan

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.

A series of oversubscribed deals among core issuers could encourage Austria to seek a print in the current market.

JP Morgan’s corporate and investment bank (CIB) reported an 80% increase in profit in the fourth quarter, as the division’s legal fees and compensation dropped 20%.

The Government of Mongolia has picked six banks to work on a 144A/Reg S bond that may hit the market as early as next week.

CYBG, the UK mid-sized bank owned by National Australia Bank, will start building the book for its initial public offering in London next week.

Hong Kong Airlines had to navigate a crowded primary market on January 13 to price its first dollar bond and raise $180m in the process.

Export-Import Bank of India (India Exim) has become the first credit outside of north Asia to sell a bond in the region this year, printing a $500m trade on January 13.

There may be a new man in charge at the Mexican debt management office, but bankers were just as effusive as ever over its $2.25bn of 10 year bond, its first issuance of 2016, on Wednesday.