JP Morgan

The slide in the oil price this year is prompting several oil producing sovereigns, including Iraq, to rethink and bring forward their plans in the capital markets. Francesca Young reports.

An Iraq sovereign bond deal looms ever closer, but is not expected to open the floodgates for bonds from other entities from the region.

The dollar market for SSAs kept up this week’s sizzling form on Wednesday, as another issuer mandated for a benchmark — bringing the total for what is historically a quiet week to four deals.

Oversea-Chinese Banking Corporation has priced a S$500m ($356m) perpetual non call five, the bank’s first additional tier one (AT1) offering. Deal-hungry investors came in strong for the Lion City’s first AT1 in almost two years.

The Republic of Peru took advantage of a deserted primary bond market in Latin America to issue its first new dollar benchmark since 2010 on Tuesday.

A pair of public sector borrowers — including a super rare issuer in dollars — have nipped in ahead of a data laden September to bring deals this week, following the lead of Denmark’s KommuneKredit.

Apax is acquiring a majority stake in FullBeauty Brands, the US plus-size fashion retailer, and has obtained the commitment of four banks to the deal’s debt financing.

Pohjola Bank changed direction to issue tier two debt in Swedish kronor on Tuesday, after being kept out of the euro market in the second quarter.

SSA issuers coming in dollars before the next US payroll data release on September 4 are likely to take a conservative approach — a route already taken by two borrowers this week.

Hong Kong Airlines is likely to shelve the renminbi portion of what was to be a landmark dual-currency IPO and go with just Hong Kong dollars for the $600m listing.

HM Sampoerna, the Indonesian arm of cigarette giant Philip Morris International, will go to shareholders to raise up to Rph26.70tr ($1.98bn) via a rights issue as it seeks to increase its free float.

Metro Retail shops around $123m float — Alkem Laboratories files $200m listing — CRCC High-Tech gets IPO on track