JP Morgan

US flooring manufacturer Mohawk Industries made its euro debut on Tuesday, aiming to fund its acquisition of Belgium's IVC Group. However, leads could not tighten pricing from initial price thoughts.

Spain and Council of Europe Development Bank hit the long end of the curve in euros on Tuesday ahead of a Greek debt repayment deadline later this week.

Bank of Sharjah priced its first international bond deal on Monday and bankers are adamant investors want more form the Middle East despite the recent supply glut.

No one saw this one coming. Petrobras, whose bonds just two months ago were trading at almost distressed levels, joined an elite club of century bond issuers on Monday, and attracted $13bn of orders in the process.

TCC International Holdings, a manufacturer and importer of cement, will raise HK$3.63bn ($468.23m) in a rights issue fully underwritten by its major shareholder, BNP Paribas and JP Morgan.

JP Morgan has promoted two senior executives in its Greater China investment banking team as capital markets activity in the region steps up. The moves come amid a continuing investigation into the hiring practices of US banks in Asia.

The bookbuild for the IPO of Spie —the French electrical, telecoms and technical services company — was launched on Monday June 1, and was covered on the first day.

While liquidity in all markets is worse than it was pre-crisis, high yield bonds have seen the smallest downturn – and liquidity has picked up since 2012, according to research from JP Morgan.

Corporate bond issuers hung back from issuing in euros on Monday, as markets made a soft opening. But the pipeline continued to fill and issuers like Eurogrid and Mohawk Industries are in the offing.

Powerhouse Habitat, an unusual French property company that owns housing for nuclear power station workers, began premarketing on Monday June 1 for a Paris IPO of at least €370m. BNP Paribas and JP Morgan are global co-ordinators.

Valeo Foods, the Irish food producer, has closed books on a €595m loan to finance its acquisition of Balconi and refinance debt.

Banks steered clear of the European bond markets on Monday, as the vast majority of last week’s primary prints languished wide of their re-offer levels.