JP Morgan

January could see an explosion of holdco issuance as banks look to fill their Total Loss Absorbing Capacity (TLAC) buckets.

Alkem Laboratories has priced its Rp13.5bn ($202.1m) IPO at the top end of its range, following a burst of demand for the Indian healthcare sector in the past month.

Dentsply International, the US dental equipment maker has printed a dual tranche private placement Swiss franc note on Tuesday, as a part of its private placement funding programme.

Market participants expect a large step up in senior holdco issuance early next year, putting further pressure on spreads and pushing issuers further afield for funding.

Alkem Laboratories is set to price its Rp13.5bn ($202.1m) IPO at the top of the range after investors piled into the trade, buoyed by healthy demand for the Indian pharmaceutical sector.

National Australia Bank has laid out its plans to float its UK mid-sized bank unit CYBG in London early next year.

David Lloyd Leisure, the UK gym and spa firm, has final replies due at close of business on Monday for its £380m loan recapitalisation.

Indonesian telco tower company Solusi Tunas Pratama (STP) has asked banks to relax a covenant on a loan raised in May as it anticipates future acquisitions that will change its gearing levels.

Russian steel company Evraz raised $750m from a bond that was printed tight to secondary levels on Thursday as it benefited from huge pent up demand for Russian corporate paper, even in a volatile market for metals and mining firms.

At this time of year, attention in the equity capital market is divided between avidly fighting for next year’s mandates, which are beginning to mount up — and counting the spoils from this year. Has it been a good, bad or indifferent year — and for whom?

Any bankers who had written off December for corporate bond issuance were forced to eat their words on Wednesday, when Vonovia, the German housing company, issued a €3bn deal to finance its hostile takeover bid for Deutsche Wohnen, and won a book of over €7bn.

Standard Chartered and Lonmin will each begin a new chapter in their stories on Friday, as results are published of their rights issues, books for which closed on Thursday.