JP Morgan
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Archer Daniels Midland, the US food processing and commodities trading company, ended a fallow patch in the corporate bond market on Wednesday, making its debut in the euro market with a dual tranche deal.
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IndiGo, the Indian budget airline, has fine-tuned its corporate structure to create more headroom for foreign investors as it inches closer to a $400m-$500m IPO in the second half of the year or 2016.
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Singapore is finally getting its first covered bond, with the Lion City’s largest bank DBS set to go on the road to gauge investor interest.
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Sophos Group, the IT security software developer, began bookbuilding on Tuesday for its London IPO, with a price range that could value it at over £1bn.
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A pair of borrowers printed oversubscribed dollar deals in conservative maturities on Tuesday, finding conditions easier than at the long end of the euro curve.
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TI Automotive, the UK car parts maker being bought by Bain Capital, is rushing from Monday’s London bank meeting to New York to build support for a €1.07bn-equivalent acquisition loan. Bonds will follow later.
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Deutsche Annington, the German housing company, took another big step in its growth trajectory on Monday, when it announced a €2.25bn rights issue to buy its rival, Südewo Group.
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As the rights trading period for Banca Carige’s €850m capital raising nears its end, its shares have steadied, to €1.554 on Thursday, only 4% below last Friday's level.
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Two SSA borrowers are out with dollar deals early this week — trades that could set the tone for the rest of the week’s issuance in the currency.
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Douglas Holding, the German perfumery chain, has enlivened the leveraged loan market this Monday, launching a €1bn deal that will contribute to its buyout by CVC.
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Manulife Financial Corp started drumming up interest for its $400m real estate investment trust (Reit) IPO in Singapore on June 15, paving the way for a number of firsts for the city-state — the first sizeable listing this year, the first Reit IPO in 2015, as well as the first Reit with US assets.
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Borrowers in the sovereign, supranational and agency sector could find their funding plans rocked by whipsawing government bond yields for months to come.