JP Morgan

Swansea Bay tidal lagoon — APRR — Esmalglass — Danube Foods

JP Morgan and Dexia Crédit Local were able to take advantage of pent-up demand for sterling paper with this week, with both issuers’ drawing good demand for senior deals in the currency. A slow start to the year in the currency and a hunt for yield are likely to benefit sterling trades in the coming weeks, according to syndicate bankers.

Russia's privately owned bank Promsvyazbank has launched a cash tender for its subordinated $200m 11.75% 2016s, its senior $400m 8.5% 2017s and its subordinated $600m 10.20% 2019s. The move is a show of strength from the bank as well as a routine management of the bank’s own liquidity and capital, said a liability management specialist on the note.

Ho Sha Lam, the wife of Quanta Computer founder and chairman Barry Lam, raised $171.5m by offloading some of the company’s global depository shares (GDSs) through a block trade executed on February 4. The deal was priced at the bottom of guidance, but the tight discount meant this was expected by the placing agent from the beginning.

HDFC Bank was set to price a blockbuster Rp100bn ($1.6bn) trade on the evening of February 5, with bankers expecting investors to fork out money at the tightest possible discount for the second Indian ECM transaction of more than $1bn to hit the market in the past week.

The Asian high yield market has finally opened up, with issuers pouring in to get a start on their backlogged funding. But as a pair of first-time southeast Asian companies were forced to extend bookbuilding after failing to gain sufficient appetite, bankers said the market was not yet ready to embrace untested and unknown issuers.

Argentine oil and gas company YPF provided the Latin American bond market with its toughest test of 2015 on Wednesday. Although the state owned company did not raise as much money as initially hoped, the deal at least showed investors were willing to lend more money to Argentina ahead of the City of Buenos Aires’ imminent visit to international bond investors.

HSS Hire Group, the UK tool hire business, had regained its IPO price by the end of its first day's trading on the London Stock Exchange today, after pricing its £114m flotation at the bottom end of the price range yesterday.

Wizz Air, the Hungarian budget airline, has announced its intention to float in London, seven months after its previous, failed IPO.

Esmalglass, a Spanish producer of ceramic glazes and inkjet inks, is seeking a €250m loan to refinance acquisition debt.

One of Quanta Computer’s shareholders is looking to raise up to $174.1m by offloading some of the company’s global depositary shares (GDSs), through an overnight trade that opened books on the evening of February 4. The deal marks the first sizeable Taiwanese block to hit the market this year.

Chinese technology giant Tencent has decided to go ahead with a Reg S/144A transaction while it was in the middle of non-deal roadshow after it wasencouraged by strong feedback from US investors and the recent robust trading sessions.