JP Morgan
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McDonald’s Corp fell victim to a lack of demand for long dated euro bonds on Monday. It was forced to pull the 20 year component of what had been planned as a four tranche deal. -
Massimo Zanetti Beverage Group, the Italian coffee company, opened books on Monday for an IPO of at least €127.6m.
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The European Investment Bank has mandated for a dollar benchmark, a currency that has formed a much larger part of its issuance compared to the last few years.
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ConvaTec, the maker of medical goods including wound dressings and catheters, will hold a bank meeting on Tuesday to market a €1.5bn-equivalent refinancing project that will take out loans and bonds.
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BSN Medical, the German medical devices company, is holding a lender call at 3pm on Monday afternoon to market a €360m refinancing loan.
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Two shareholders of Samsung Life Insurance Co raised W655.20bn ($599.31m) after pricing the shares they were selling near the bottom of the range, breaking a lull in large block trades out of South Korea since March.
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CapitaLand has raised S$650m ($488.6m) from its first equity-linked deal since September 2013, with investors buying into the trade despite the aggressive terms on offer and amid a dearth in new supply.
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About seventeen lenders have come in for a piece of Noble Group’s $2.25bn syndicated loan during general syndication. The facility’s 15 leads held roadshows in Europe and North America, in addition to Asia, and the list of incoming banks reveals plenty of western liquidity.
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The heap of failed IPOs in Europe this year is mounting, with another two deals cancelled this week, almost at the last minute before completion, write Olivier Holmey and Rashmi Kumar.
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The dollar market will still be the place to go for SSAs next week as the euro market comes to terms with a rampant repricing, but not every deal in the market this week fared spectacularly well.
