JP Morgan

Irish packaging business Smurfit Kappa priced €500m of senior notes to yield 3.25% on Wednesday, as it took advantage of improved performance and credit ratings to reduce its interest payments by redeeming bonds with a 7.75% coupon.

Irish packaging business Smurfit Kappa priced €500m of senior notes to yield 3.25% on Wednesday, as it took advantage of improved performance and credit ratings to reduce its interest payments.

Logan Property Holdings printed its inaugural international issue, a five year non-call three dollar bond, on Tuesday. Dealers brought the high yield borrower to the market after seeing reduced headwinds to Chinese property.

It has been slow going but Giant Interactive’s $850m five year leveraged buyout financing is gaining traction in general syndication, with commitments from three Taiwanese lenders, one of which has joined at the highest ticket level.

New Zealand’s ASB Bank mandated lead managers on Thursday for investor meetings ahead of a possible euro deal. A senior unsecured deal would be the issuer’s first in euros for six years.

US Treasuries rallied even further this week, leaving many market participants scratching their heads – but corporate borrowers did not waste the opportunity.

Smurfit Kappa, the Irish packaging business, is due to price €500m of senior notes today, as it continues to replace secured debt with unsecured.

Logan Property Holdings printed its inaugural international issue, a five year non call three dollar bond, on Tuesday. Dealers brought the high yield borrower to the market after seeing fewer headwinds against Chinese property.

Lloyds Banking Group began its long awaited float of TSB on Tuesday, hoping that the rare opportunity to find exposure to UK retail banking will allow investors to look through the weakening sentiment for UK IPOs and any worries about the run of further sales that are to come.

Logan Property Holdings launched its debut transaction in international markets on Tuesday with a five year non call three dollar issue. Although the non-investment grade developer is a relatively new name, it ranks well among Chinese property companies for financial health, and the deal is said to have gotten off to a solid start.

It has been slow going but Giant Interactive’s $850m five year leveraged buyout financing is gaining traction in general syndication with commitments from three Taiwanese lenders, one of which has joined at the highest ticket level.

Chinese internet company Xunlei is making its second attempt at listing on the Nasdaq, having filed a prospectus for a $100m US IPO with the Securities and Exchange Commission.