JP Morgan

The Republic of Korea has mandated two banks for a credit update with bond investors in London next week.

Air Liquide, the French producer of industrial gases, returned to the bond market on Wednesday after a one year absence. It had a strong order book for a no-grow trade, allowing the leads to tighten well from initial price thoughts and price with a minimal premium.

Asia’s first perpetual convertible bond issue in five years gave the market something to talk about when Shui On Land sold a novel $225m 7.5% deal last week. The success of the print, coupled with the shortage of new offerings, could see more perpetual CBs follow suit, writes John Loh.

HTSC pulled in a staggering $60bn of gross demand for its HK$34.72bn ($4.48bn) IPO in Hong Kong, giving the Chinese brokerage and securities house claim over the world’s second largest listing so far this year.

RCI Banque, the finance arm of Renault, raised €750m with a seven year bond on Wednesday. While some away from the deal thought the size was ambitious, the bond traded well in secondary.

Tuesday night’s two substantial block trades, in Dutch insurer NN Group and SSP, the UK catering company, both went well despite softness in equity markets before and during the trades.

Air Liquide, the French producer of industrial gases, returned to the bond market on Wednesday after a one year absence, and won a strong order book, enabling it to pay a minimal new issue premium.

BSN Medical, the German bandage maker, has won a strong response to its new term loan 'C', and has decided to cut pricing on both that and a pre-existing term loan 'B'.

Goldman Sachs may pay the biggest bonuses, but JP Morgan pays its bankers the most generous remuneration packages overall, according to new research.

The Republic of Ukraine priced a $1bn five year US AID backed deal on Tuesday — it’s second such transaction — and Ukrainian analysts expect another $1bn deal before the end the year.

ING Group launched a €1.18bn sale of shares in NN Group, its former insurance and investment arm, on Tuesday evening, in the larger of two block trades of the day.

Darling Ingredients, the Texas-based food ingredients maker, is marketing a €515m senior unsecured bond to repay borrowings under its euro term loan ‘B’.