JP Morgan

Investors were eager to buy German media company Bertelsmann’s €1.25bn debut hybrid bond on Thursday, and it achieved tight pricing.

Kommunalbanken on Thursday printed its longest ever dollar benchmark. Demand was strong enough for it to tighten pricing from the initial price thoughts level.

Alcatel-Lucent's credit default swap spread has tightened sharply since news of its merger with rival telecoms equipment maker Nokia broke on Tuesday. Nokia’s spread, meanwhile, has recovered almost fully from an initial widening.

German media company Bertelsmann finished its roadshow on Wednesday for its debut hybrid capital bond issue, and could price the deal as early as Thursday, according to a banker at one of the leads.

Busy Bee, the UK nursery and early education provider for under-fives, has held a bank meeting this morning to market its £210m term loan ‘B’.

JP Morgan set a bright tone for the bank earnings season with a stellar 12% return on equity, largely on the strength of its corporate and investment bank, which returned a year on year profit growth of 19% in the first quarter of 2015.

JP Morgan and Morgan Stanley yesterday successfully sold a 10% block of Spire Healthcare shares, only to see the stock fall 10% in trading today in what one lead banker called a “disappointing” outcome.

The FIG market could be set for a spate of issuance from the eurozone’s periphery in the coming weeks, with bankers tipping other financial institutions to follow Spanish pair CaixaBank and Ibercaja into the primary market.

Cinven has resumed the selldown of its stake in Spire Healthcare, the UK private hospital company it bought in 2007 and floated in London last year.

Orange Switzerland on Thursday priced below guidance a four tranche, dual currency Sfr2bn bond that includes a Sfr150m dividend for its new owner, Xavier Niel’s fund NJJ Capital.

Île-de-France is set to sell its second ever socially responsible bond on Tuesday, announcing a trade soon after a sustainability bond from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) on Monday.

JP Morgan has promoted two senior staff from within its EMEA operations, appointing a new vice-chairman and deputy CEO for its activities in the region.