JP Morgan
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A supranational is set to bring only the third dollar benchmark from an SSA since the start of September, after mandating banks for a deal on Monday afternoon. -
Park Resorts, the UK’s largest holiday park operator, will syndicate a £550m term loan B after bank meetings in London on Wednesday this week.
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Research by JP Morgan, published last week, said that the widespread implementation of a statutory solution to TLAC requirements would lead to further underperformance in senior spreads, and a fundamental reassessment of the asset class’s risk profile.
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Abi Dhabi Commercial Bank has released initial price thoughts equating to a 20bp new issue premium for its bond deal, according to a lead.
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HM Sampoerna, the Indonesian unit of cigarette giant Philip Morris International, has launched an up to Rph20.8tr ($1.4bn) follow-on offering, with plenty of long-only funds on board as anchor investors.
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China Development Bank is set to meet investors from September 21 in Europe ahead of issuing bonds in multiple currencies.
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Jujiang Construction Group has filed for an IPO on the Hong Kong Stock Exchange (HKEx) with Guotai Junan International leading the trade as sole sponsor.
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Pentair, the UK-headquartered maker of fluid and thermal systems, priced a €500m bond in line with initial price thoughts on Monday, after deciding to plough ahead with its funding plans despite a difficult market.
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Dutch chemical company Royal DSM issued into a quieter corporate bond market on Tuesday but encountered much the same conditions as those who jostled for attention on Monday.
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Statkraft, the Norwegian state electricity company, made a successful venture into an uncertain corporate bond market with a defensive €500m no-grow bond on Monday.
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Houston Huang Guobin, a former Goldman Sachs coverage banker, has decamped to JP Morgan to take up the position of head of global investment banking for China.
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Dutch chemical company Royal DSM issued into a quieter corporate bond market on Tuesday, but encountered much the same conditions as those who jostled for attention on Monday.
