JP Morgan
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Empik Media & Fashion (EMF Group) has postponed the sale of €240m of notes due to adverse market conditions, even though the firm had already set price talk at 8.5%-8.75% on the projected deal.
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China’s Greenland Holding Group priced a $500m three year bond on Thursday after setting up a new MTN programme last week. The state owned real estate developer was met with a boisterous reception from investors and was able to tighten pricing by 37.5bp.
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Shanghai Electric Group is looking to make its inaugural issue in international markets. The local government owned enterprise will be meeting investors next week for a proposed dollar bond.
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Internal moves into Deutsche's SSA syndicate — Barclays hires BAML levfin banker — All change at JP Morgan ECM — StanChart makes switch to replace Nelson
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Olam International embarked on the next stage of its capital markets rehabilitation this week with a new dollar bond. The Singapore-based borrower was intent on repricing its existing curve, and duly presented the market with aggressive initial guidance. That approach drew some criticism, but bankers on the deal said the borrower achieved what it had set out to do, writes Virginia Furness.
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French supermarket group Casino Guichard-Perrachon made the most of a quiet week in the investment grade bond market when it priced a €900m 12 year bond on Wednesday at 125bp over mid-swaps, needing almost no new issue premium to bring in €2.6bn of orders.
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Chinese mobile game distributor iDreamSky Technology opened books for its $107.8m Nasdaq IPO on July 28. Early indications look good, thanks to investors being eager to get their hands on a company with a strong growth story.
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Play, the Polish wireless telecoms firm, is looking to raise €415m through a payment-in-kind toggle bond.
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JP Morgan has slashed its European financial institutions debt capital markets operation, taking three senior members off the team. All three are understood to still be employed by the bank.
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French supermarket group Casino Guichard-Perrachon made the most of a quiet week in the investment grade bond market when it priced a €900m 12 year bond on Wednesday at 125bp over mid-swaps, needing almost no new issue premium to bring in €2.6bn of orders.
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Olam International made its return to the dollar bond market just two weeks after pricing a S$400m ($322m) well inside its existing curve. The borrower was hoping for an equally strong come back in dollars but while bankers on the deal claim it was a great success, those away from the trade say it struggled as pricing was too aggressive.
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Orion Engineered Carbons, the German carbon black producer, released price guidance on its €780m-equivalent loan at a bank meeting on Monday.