JP Morgan

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?

Spreads on Chile’s sovereigns bonds tightened by 1bp across the curve on Tuesday as Latin America’s best rated country began a fixed income investor roadshow.

Goodyear Dunlop Tires, the US tyre manufacturer, is issuing €250m of eight year senior unsecured notes. A roadshow is scheduled for Wednesday in London.

Air Liquide and Saipem loans show that bankers and borrowers are not yet slowing down as they seek to tie up remaining bumper deals they launched in a busy fourth quarter.

Latvia on Tuesday sold €550m 0.5% December 2020s from a book of €1.6bn, in conjunction with a buyback of its old dollar debt, switching out some of its traditional EM investor base for new rates buyers.

Westpac was set to print its second foreign currency deal in as many days on Tuesday, but some bankers said the borrower ran into difficulties in euros.

Unédic and the Province of Quebec on Monday became the first issuers to print in euros since the European Central Bank disappointed market participants at a meeting of its governing council last week.

General Electric has terminated an agreement to sell its appliance business to Swedish household appliance producer Electrolux, toasting bankers' plans to provide bridge financing.

Russian steel company Evraz is roadshowing a Reg S senior unsecured dollar bond through six active bookrunners and two passive, in tandem with a tender offer.

Industrial and Commercial Bank of China’s London branch has established a $10bn MTN programme, paving the way for the unit to issue its first international bond.

FIG bankers rejoiced this week as two markets that have been much maligned this year — insurance capital and sterling senior — showed enduring appeal just in time for a year end funding grab.

Heineken has been making up for lost time in public debt markets, issuing its second bond of the year on Tuesday, after being absent since 2013.