JP Morgan

Capio, the Swedish healthcare group, rose on its first day of trading in Stockholm on Tuesday, after an IPO that was little affected by the Greek crisis, thanks to heavy cornerstone support.

Manulife US Real Estate Investment Trust (Reit) started building up its order book for a S$569m ($426m) Singapore IPO on Monday, June 29, following two weeks of investor education that saw steady interest coming through.

German cosmetics firm Douglas Holding, which is being acquired by CVC Partners from Advent International, sold €635m of high yield bonds on Friday after cutting their size for a second time.

CVC Partners on Thursday reduced to below €1bn its high yield offering to fund the acquisition of German cosmetics retailer Douglas Holding — yet investors dismissed the cut as a sign of an increasingly ‘closed for business’ market.

Douglas Holding, the German perfume retailer, has become the third leveraged finance borrower this week to feel the lash of investors' anxiety about Greece, as it widened pricing on its €1.22bn loan.

Two equity block trades were launched in Europe on Thursday night, despite the ever-dwindling hopes of resolution to Greece’s debt crisis. Remarkably for such a day of political stress, the Euro Stoxx 50 spent part of the day in the green and ended exactly flat.

Heinz’s jumbo bond backing its acquisition of US foods group Kraft topped off the dollar market’s best ever quarter and half-year for high-grade corporate issuance.

Heinz rounded out an impressive debt financing exercise on Wednesday for its merger with Kraft, adding modestly sized euro and sterling bonds to the $10bn seven tranche dollar issue it had done on Tuesday.

Kennedy Wilson Europe Real Estate issued £300m of seven year bonds on Wednesday, dividing market opinion. Some bankers said the deal looked cheap and poorly supported.

Constantia Flexibles has become the second borrower to pull a repricing from the leveraged loan market this week, as investors call time on the surge of such deals.

China’s Ctrip.com International took the equity-linked market by storm on June 18, raising a mammoth $1.1bn via a dual tranche convertible bond, marking the largest issuance in Asia ex-Japan ex-onshore China since 2010.

Kennedy Wilson Europe Real Estate raised £300m of seven year bonds on Wednesday, but divided market opinion, with some bankers saying the deal looked cheap and poorly supported.