JP Morgan

A ratings downgrade proved a surprise benefit for Brazil as the sovereign made its expected return to the euro market four days after Standard & Poor’s dropped it to BBB-.

The rally in eurozone periphery debt since the start of the year received another injection of investor demand this week, after the Bundesbank’s president hinted that the German central bank would not block quantitative easing if the European Central Bank chose to introduce it.

Investors flung €3.5bn of orders at one of Europe’s most troubled banks this week, underscoring the credit market’s frantic appetite for higher yielding debt, writes Graham Bippart and Nathan Collins.

Just Eat will become the first company to test out the London Stock Exchange’s long-unused High Growth Segment when it completes an IPO next week.

Netherlands-based Brit Insurance closed books on its IPO on Thursday afternoon, with the deal expected to be priced towards the top of revised guidance.

JP Morgan’s head of investment banking for China, Fang Fang, has decided to retire from the company amid a SEC hiring probe, and will be replaced by Frank Gong, according to an internal memo.

Noble Group, a supplier of agricultural and energy products, metals and minerals, hit the market on March 24 with a $1.35bn 364-day revolving loan facility, led by an 18-member arranging group.

Export-Import Bank of India printed a $500m 5.5 year bond on Monday night from an orderbook that at its peak was more than six times subscribed.

Capital raising by Japanese banks has burst into life over the past week as the first two lenders to raise Basel III debt made their tier two debuts. And thanks to Japan's favourable point of non-viability (PONV) regime, the pair managed to secure blink-and-you’ll-miss-it premiums over legacy bonds.

Shanghai Fosun Pharmaceutical Group has priced a HK$1.76bn ($227m) private placement to raise funds for debt repayment and to finance potential M&A.

Mexican cement company Cemex increased its euro and dollar bond issue on Tuesday after a strong sale, as Latin American borrowers continue to benefit from investors finding it hard to obtain paper in secondary markets.

The world’s largest pork processor WH Group, or formerly known as Shuanghui International, now has a record 28 banks working on its jumbo $5bn-$6bn IPO, according to bankers on the transaction.