JP Morgan
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The European Stability Mechanism looks set to issue its longest euro bond to date after sending out a request for proposals on Wednesday, as the European Union mandated for a long dated tap. Meanwhile, a German state hits the spot for investors.
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The Japan Post group has announced price ranges for the long-awaited IPOs of its three units, set to collectively raise ¥1.44tr ($12.03bn) to become the biggest offering this century in the country.
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A European sub-sovereign is set to bring its shortest dated benchmark in 18 months after mandating banks on Tuesday for a four year deal.
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Rabobank was a fitting credit to tackle a still uncertain FIG primary market on Monday, pulling in nearly €2bn of orders for a short floater as bankers fretted over further supply.
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ABN Amro has tapped a private 2017 floating rate line multiple times in the past few months, pushing the outstanding to near €1bn.
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Quick Heal Technologies, which makes anti-virus software, has lodged a draft prospectus with the Securities and Exchange Board of India for an IPO that could raise $100m-$150m.
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JP Morgan has made two senior hires to its China investment banking business, this time poaching from Bank of America Merrill Lynch and Rothschild as it continues to build its franchise in the country.
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Cigarette giant Philip Morris International has cut its stake in its Indonesian unit HM Sampoerna, netting a chunky Rph20.3tr ($1.38bn) in the process. The success of the trade was down to large commitments from anchor orders, who signed up for nearly half of the shares in advance.
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A conveyor belt of dollar benchmarks from SSAs passed quality control this week despite tough background conditions. But there are signs issuers are following those in euros by boosting concessions.
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Altice, the fast-growing French cable telecoms investment group, raised €1.61bn of new capital today (Thursday October 1) with an intraday accelerated bookbuild, to finance its acquisition of Cablevision, the US cable company.
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Deutsche Börse, owner of the Frankfurt Stock Exchange and Eurex, brought some calm to a frazzled bond market on Thursday, with what market participants agreed was a successful issue.