JP Morgan
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Five real estate companies from Greater China made their way into the dollar bond market on Thursday, appealing to investors with short tenors and juicy new issue premiums. -
Novo Banco found just enough demand to print its first preferred senior bond this week, setting the issuer off on a journey towards its minimum requirements for own funds and eligible liabilities (MREL) targets. Market participants drew attention to the Portuguese bank’s controversial past, including imposing unexpected losses on a group of senior bondholders.
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Four public sector borrowers received strong receptions in the primary US dollar market this week, with a lack of supply in the currency over the last few weeks overriding volatility in US Treasuries.
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Leasys, an Italian car rental company, and similarly rated commercial property investor Lar España Real Estate competed for investor attention on Thursday with debut green deals, in a major test for the type of esoteric issuers that typify the slower summer market.
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African Development Bank and New Development Bank received ample demand in the primary dollar public sector bond market on Thursday, allowing the supranational borrowers to print chunky deals.
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Tony Hayward, the former boss of BP, is joining this year’s $117bn Spac IPO market by launching a new blank cheque company on the Amsterdam Stock Exchange that will focus on energy transition.
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African Development Bank and New Development Bank will add to the week’s dollar SSA bond supply on Thursday. The lack of issuance in the currency in June is helping to boost sentiment in the market despite a rocky rates backdrop.
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The IPO of Novem Group, the German car parts supplier, is set to be priced at €16.50 a share, according to sources close to the deal.
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CLP Power Hong Kong's latest $300m bond offered a rare bit of stability in a volatile market, making the well-established borrower popular with investors — but only for the right price.
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Lar España Real Estate, a Spanish retail property investor, become on Tuesday the second high grade comapany this week to mandate for a debut green bond, with the less well known issuer testing appetite for a tricky sector.
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Goldman Sachs celebrated its second highest ever firm-wide quarterly net revenues, net earnings and earnings per share on Tuesday. It set the as-yet unbeaten net revenue record in the first quarter of the year.
