JP Morgan
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Bahrain has picked banks for investor meetings ahead of a dollar bond deal and starts investor meetings this week. -
Albania returned to the international market for its second ever bond deal this week, raising a sum larger than it needed in a result that drew approval from rival bankers
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Future Land Development Holdings breathed some life back to the Asia ex-Japan high yield bond market this week with a red hot $250m bond that was close to 10x subscribed.
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Snam, the Italian natural gas transmission company, priced a €750m eight year bond on Tuesday, its first issue since it was added to the list of bonds that the European Central Bank will buy as part of its public sector bond purchase programme, or quantitative easing.
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Swiss foods group Nestlé issued a €500m no-grow bond on Wednesday, clinching a 25bp spread over mid-swaps and still drawing a €1.6bn order book.
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JP Morgan has hired a banker from HSBC to join its FIG ratings advisory team.
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Demand for Turkish lira MTNs is likely to rise after the country’s Justice and Development party (AKP) won a majority at parliamentary elections on Sunday, encouraging confidence in the currency.
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Primary activity has finally returned to the Asia ex-Japan high yield market following a hiatus of close to three months, with Future Land Development Holdings launching a deal on Thursday. While the pipeline remains thin, market participants are taking heart that not all is lost for the asset class, writes Rev Hui.
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The Republic of Albania has released initial price thoughts on a euro denominated five year Eurobond.
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InterGlobe Aviation and SH Kelkar & Co have found huge success with their respective Indian IPOs, with all books multiple times covered by a flood of investors.
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Industrial and Commercial Bank of China New York opened bookbuilding for a dual-tranche senior dollar bond on Thursday, while Future Land Development Holdings has started wooing high yield investors with a new two year offering.
