JP Morgan

Eli Lilly, the US pharmaceuticals company, made its euro bond debut on Tuesday, printing seven, 11 and 15 year notes and proving that the market is still open for longer dated paper — at a price.

Indonesian tower company Solusi Tunas Pratama’s latest borrowing has been allocated among 20 lenders. The deal, which is to refinance what is left of a bridge it sealed with five banks in December last year, saw scalebacks of nearly 50% on bank commitments.

Egypt has set roadshow dates for its 144A/Reg S bond.

Dubai Islamic Bank finishes investor meetings on Tuesday for what is likely to be a five year senior unsecured sukuk.

HTSC pulled in a staggering $60bn in 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.

Hong Kong-listed Shui On Land sold a rare $225m 7.5% convertible perpetual bond on May 21 that met with eager buyers, but it also had some equity-linked bankers scratching their heads because of its unusual structure.

The Republic of Indonesia completed its yearly return to the dollar sukuk market in style on May 21 when it rewrote the record books to print its largest offering in the Islamic finance instrument.

Hydropower producer China Three Gorges Corp (CTG) has mandated Deutsche Bank, ICBC International and JP Morgan as joint global co-ordinators for its first venture into the international bond market.

While banks have engaged in some genuinely appalling conduct and been punished for it, the quantum of fines has become seriously disconnected from — well, anything. It is not just bad for bank shareholders, it is bad for regulatory credibility.

A dollar market that has been a haven for issuers avoiding the troubled euro sector is starting to show signs of congestion, bankers have warned.

Altice, the highly acquisitive French cable telecoms group, is seeking $1.7bn of new dollar debt to back its acquisition of Suddenlink, the seventh biggest cable business in the US.

US investors showed few signs of fatigue as they continued to pour cash into corporate high grade debt amid an unrelenting pipeline of dollar issuance this week.