JP Morgan
-
The government of India raised Rs55.6bn ($911m) on March 21 after selling slightly less than half of its stake in one of the country’s largest private sector lender, Axis Bank. -
Mizuho printed the first ever Basel III compliant offering by a Japanese bank on Thursday raising $1.5bn in one of Asia Pacific’s biggest bank capital offerings under the new regime. The borrower even managed to price the bond to flat to its Basel II curve thanks to the country’s investor friendly PONV regime.
-
Investors should expect a rush of aggressively priced deals from SSA issuers in the coming weeks, according to syndicate bankers. Borrowers emboldened by a strong new issue market are considered likely to throw caution to the wind and turn their eye to securing very attractive levels in lieu of large sizes.
-
The prospect of rising interest rates did not stop Mexican conglomerate Grupo Alfa raising 30 year money as part of its debut dollar bond on Thursday as a more hawkish than expected US Federal Reserve did little to hinder new issues from Latin America.
-
Central and eastern European sovereigns are poised to follow Hungary’s bold lead by jumping into the international bond markets to take advantage of a spectacular CEEMEA relief rally, writes Steve Gilmore.
-
Skandinaviska Enskilda Banken and Macquarie Bank kept Yankee supply flowing with well received benchmark trades this week as the biggest banks in the US awaited the results of annual stress tests.
-
Banco do Brasil brought its debut euro transaction up to €1bn with a well-timed €300m tap this week as the issuer took advantage of a rally in Brazilian paper as accounts dumped Russian risk. And a chunky new issue concession ensured a strong secondary performance, even as comments about quantitative easing and interest rates from the US Federal Reserve put pressure on markets.
-
US interest rates are likely to rise next year. Janet Yellen dared say as much at her maiden press conference as Federal Reserve chair on Wednesday, provoking a swift rise in the Treasury curve.
-
-
-
NIBC Bank and Aktia Bank mandated leads for European roadshows this week, and the issuers are expected to launch covered bond deals sometime in early April.
-
