JP Morgan
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Shares in Solvay, the Belgian chemical company, closed at €103.65 on Thursday, up 3.1% since Monday night, after shareholders voted to approve the €1.5bn rights issue to finance its takeover of Cytec Industries, the US maker of advanced materials.
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South Korean automaker Kia Motors is looking to make a comeback to the international bond market, having mandated two banks.
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Lonmin's $407m rescue rights issue passed its first hurdle on Thursday (November 19), when shareholders voted strongly to approve the deal. Lonmin's shares fell 2.6%, but that was mild by recent standards.
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Bahrain took $1.5bn from a dual tranche deal this week. But despite the unusual size of each tranche and the lack of price tightening, rival bankers kept their knives sheathed in recognition of how difficult the Middle East market has become.
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Aldi, the German discount supermarket chain, has signed a private club loan for around €600m with six banks. The deal is the company's first syndicated loan, according to bankers.
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Public sector borrowers are putting the final touches to their funding programmes for the year amid stable market conditions, but there are few signs that any will pre-fund for 2016 in large size.
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Green bond issuance is enjoying its busiest quarter ever as deals from the International Finance Corporation and ING Bank on Tuesday took volume to a record level.
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Rentenbank equalled its second largest euro benchmark size ever while still managing to tighten pricing with a November 2022 on Tuesday.
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Bahrain opened books on a dual tranche dollar deal on Tuesday morning, which some investors think could be its last as a pure investment grade credit.
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A supranational issuer has mandated for a green bond — a deal that could take issuance in the final three months of the year within touching distance of the busiest ever quarter for the instrument.
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An agency is set to round off its funding for the year with a euro benchmark amid solid but quiet market conditions.
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WPP, the UK advertising firm, attracted more than €3bn of orders for its four year benchmark bond on Tuesday as investors showed they were willing to turn on the taps for the right deal.