JP Morgan

Shares and rights of the two Italian banks going through recapitalisation rights issues made big moves again on Thursday, but bankers believe the deals for Banca Monte dei Paschi di Siena and Banca Carige will still succeed.

Labco, the French medical diagnostics company, plans to refinance all of its bonds with a new €800m issue. It agreed in May to be bought by private equity firm Cinven after pulling an IPO at the last minute.

Dollar borrowers were forced to pay up to access the market amid continuing market volatility as they raced to take advantage of attractive funding costs ahead of the looming Fed meeting.

Euro high yield investors on Thursday had more than €1.8bn of bonds to consider and two more tranches in euros whose final sizes were yet to be set — New Look, the UK fashion retailer, being at the forefront with the largest offering.

Gabon launched a 10 year $500m note this week, bolstering African issuance volumes that were already at a record high.

Europe's investment grade corporate bond pipeline swelled even more on Thursday, though the primary market stayed silent, as HJ Heinz announced a roadshow to prepare funding for its merger with Kraft.

Chinese online gaming company Giant Interactive, which wrapped up a $850m leveraged buyout less than one year ago, will prepay the money this month.

After 499 years as a national asset, Royal Mail's privatisation is nearly over. The UK government sold a 15% stake for £750m in a successful accelerated bookbuild on Wednesday night.

Rumours are swirling that Chinese company Giant Interactive, which wrapped up a $850m leveraged buyout loan only last year, is considering prepaying the money early.

The Gabonese Republic’s recent 10 year note was trading well in the secondary market on Wednesday, after drawing a $2.75bn order book for a $500m print.

Public sector bond markets are under threat from violent price moves and low liquidity for months to come, warned SSA bankers, after government bonds sold off sharply on Wednesday.

Spie, the French electrical, telecoms and technical services group, has made a successful start to its life as a public company, with an IPO increased to €939.1m and a good start to trading.