JP Morgan

Malakoff, an independent power producer, has attracted 11 domestic cornerstone investors for almost 75% of its MR2.74bn ($744.16m) IPO, in a strong show of support for what is the biggest IPO in Malaysia since 2013.

Shinhan Bank’s red hot $600m five year bond this week impressed the market with its top notch pricing and timing. The $4bn order book was certainly eye catching, but observers were also won over by how the deal was able to shock a subdued Korean DCM market back into life.

BMW dominated corporate bond issuance in Europe on Thursday, with an unusually large €2.5bn transaction.

Slovak Telekom, on Wednesday, said it intended to float 49% of its business in a joint Bratislava and London listing.

Malakoff has signed up 11 domestic cornerstone investors for almost three quarters of its MR2.74bn ($744.16m) IPO, in a vote of confidence for the largest listing to emerge from Malaysia since 2013.

Royal Dutch Shell’s £47bn takeover offer for BG Group may bypass the public equity capital market — at any rate, no public issue has been mentioned to finance the £13.1bn cash element of the purchase price. But Shell has raised its asset disposal target for 2016-18 to $30bn.

JP Morgan is rejigging its Asia ECM syndicate desk in the wake of the recent departure of Eliot Fisk, who is understood to have left in February.

The Korean DCM market is finally showing some signs of life, with Shinhan Bank opening books for a dollar denominated bond on April 8. Even though the Korean lender is expected to print a deal of only $350m-$500m, market observers are still excited by its appearance as it could be the first of a long list of names.

Noble Group, a commodities supplier, has launched into general a $2.25bn financing that is being led by a 15-strong group of banks.

A pipeline of financial institution deals is assembling following the Easter break, with ING hitting the road for its additional tier one deal in three continents and Achmea announcing a senior unsecured transaction.

Azelis, the chemicals distribution business formed from the merger of Novorchem and Arnaud, closed books on a €240m acquisition loan on Wednesday.

UK energy company Centrica has sold its first hybrid bonds, as prospects for issuance of the subordinated instruments remains strong.