JP Morgan
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There was renewed bemusement on bond desks in Asia on Monday after Greeks voted against bailout measures over the weekend. There were no new dollar mandates as secondary prices widened but offshore renminbi bond issuers are testing the market.
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Manulife US Real Estate Investment Trust (Reit) has snatched away hopes of Singapore seeing its first sizeable IPO this year, scrapping plans for a S$569m ($426m) listing amid turbulence in global markets.
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Chilean electricity firm AES Gener has added its name to the Latin American pipeline, picking banks for a dollar bond and raising hopes of summer supply.
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HSBC sits in its traditional top stop in the sukuk league table halfway into to what should be a record year for international benchmark issuance. But its lead has shrunk to the smallest margin in five years, with regional banks snapping at its heels.
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India’s IndusInd Bank raked in Rp43.26bn ($681.85m) from a qualified institutional placement on June 26 that proved extremely popular, as the pipeline of ECM fundraisings feeding into the country’s banks continues to stack up.
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Deutsche Annington, the German housing company, successfully completed a €2.25bn rights issue, it said on Wednesday.
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Public sector borrowers are snapping up opportunities in the medium term note market, as Greece’s bail-out negotiations and imminent US non-farm payroll data stifle syndicated supply.
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Norwegian oil exploration company Det Norske has completed syndication of its $550m revolving credit facility and also increased its reserve base lending facility.
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Fiat Chrysler Automobiles has completed syndication of a €5bn revolving credit facility, in the company's first loan refinancing since Fiat Group Automobiles merged with Chrysler last year.
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Eusktaltel, the Basque Country telecoms firm, priced its Madrid IPO on Monday in the lower half of the range, raising €764m, in a volatile week for stock markets as the Greek crisis rolls on.
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Shares in Sophos traded up on Tuesday to about 234p, cementing a 4% gain since the UK software security firm’s IPO was priced on the morning of Friday last week at 225p a share. According to the London Stock Exchange, it was the largest software IPO in UK history.
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BNP Paribas has made two senior hires in high yield secondary markets, poaching trader Mike Wheeler from Morgan Stanley and salesman Justin Perry from JP Morgan.