JP Morgan
-
-
-
The European Stability Mechanism visited the short end of the curve to bring the largest benchmark from a supranational or agency in 18 months as the euro market goes from strength to strength.
-
A pair of oversubscribed deals at the long end of the curve in euros this week has reopened a market that has been moribund for much of the year, as investors come to terms with low yields, writes Tessa Wilkie. -
This week produced an encouraging run of equity block trades, with a sprinkling of modestly sized deals on Tuesday, Wednesday and Thursday.
-
Chilean government-owned copper miner Codelco raised $2bn of 10 year notes on Wednesday in a deal that provoked debate about the size of the new issue premium but was unanimously considered a positive for the LatAm market.
-
Hong Kong-based UMP Healthcare Holdings is seeking an IPO in the city, with the firm lodging a listing application with the stock exchange via sole sponsor JP Morgan.
-
Korea Development Bank (KDB) staged a successful return to the international debt market on September 9, selling an SEC registered 10 year trade. The policy bank’s success is expected to encourage more Korean names to follow suit, but bankers are not necessarily expecting a rush of issuance.
-
The Japanese equities market is set for a huge bump in IPO volumes following the announcement that the ¥1.39tr ($11.5bn) triple listings of Japan Post will launch in October.
-
The Export-Import Bank of China (Chexim) introduced a new structure into Asia’s debt market this week, becoming the first issuer to sell bonds backed by loans. Some investors shied away from the unfamiliar format, but the Chinese policy bank raised $1bn from the dual tranche offering.
-
The China foreign exchange trade system (CFETS) published a list of the first institutions to be granted access to the Chinese interbank bond market (CIBM) since a streamlined programme was introduced in July.
-
This week’s encouraging run of equity block trades continues this evening (Wednesday September 9) with a sale of 10% of Inmobiliaria Colonial, the Spanish property company, worth about €190m.
