JP Morgan

Alibaba-backed dating app Momo, which has been forced to defend itself against allegations of misconduct levied at its CEO, has priced its $216m Nasdaq IPO in the middle of the range.

German property company Deutsche Annington has issued a €1bn perpetual non-call seven year bond to fund its €9.4bn acquisition of its rival Gagfah, less than two weeks after the takeover was announced on December 1.

Armenia’s Ardshinbank has broken ground in the international capital markets, becoming the first private sector entity from the country to issue a private placement bond.

Nederlandse Waterschapsbank was able to tap a March 2016 dollar benchmark on Tuesday at the mid-market level at which the bond was trading before the tap was announced.

Danish telecoms firm TDC, which acquired Norwegian cable provider Get in October, is reported to be planning another acquisition in the cable sector. TDC will need to carefully consider acquisition financing options to maintain its investment grade status, said credit analysts.

The Spanish and Portuguese electricity businesses of E.On are teasing the leveraged loan market with a pre-launch glimpse of €315m loan facilities backing their €2.5bn buyout by Macquarie and Wren House Infrastructure Management, owned by the Kuwait Investment Authority.

ICICI Bank made an opportunistic return to the offshore debt market on December 8 with a well-received $200m tap of its $500m 3.5% 2020s, reversing the ill-fated trades of Reliance Communications (RComm) and Lodha Developers last week.

Russian steelmaker Evraz Group is offering to buy back its 2015 bonds at just over par. While the offer is reckoned to be on the tight side, analysts expected investors will jump at the opportunity as Russian risk continues to increase.

The Egyptian General Petroleum Corp is seeking a three year term loan for $1.5bn, the first syndicated loan it has obtained with local and foreign banks since 2010, said a banker on the deal.

The blockbuster demand for Cheil Industries’ W1.52tr ($1.4bn) South Korean IPO, which priced at the top on Friday evening to become the country’s largest listing since 2010, has led to a handful of investors ending up with no stock at all while many bidders have received just token allocations.

India’s divestment plan has got off to a good start with the government offloading a 5% stake in Steel Authority of India (Sail) on Friday to raise around Rp17.15bn ($277m), in a day-long trade that was well received by both institutional and retail investors.

ICICI Bank has started taking orders for a tap to a bond it issued in September. Even though two debut Indian high yield corporates were forced to pull deals last week, as a regular in the market ICICI is not expected to struggle.