JP Morgan

French funeral services firm OGF hopes to take advantage of improved market conditions by repricing the €575m LBO term loan it raised last summer.

The first Russian mandate has been given for a Russian Eurobond since the country moved troops into Crimea on March 1. Lukoil has mandated Citi and JP Morgan to arrange its next Eurobond.

A group of 15 banks are tipped to win the mandate for the new loan for agricultural products supplier Olam International, which is expected to be launched at a size of $1.2bn.

Micro-motor manufacturer Johnson Electric Holdings surprised markets on March 12, pricing a highly ambitious seven put five $200m convertible bond — a structure not commonly seen in Asia ex-Japan transactions.

Indian travel website MakeMyTrip is marketing a follow-on deal worth up to $115m this week, comprising both primary and secondary shares, with a view to pricing the trade by Friday.

Franshion Properties made a successful return to the market this week with a $500m five year bond, and the firm is also lining up a spin-off of some of its assets on the Hong Kong exchange.

Just one-fifth of treasuries are introducing new technologies, but the benefits offered by streaming technology could offer transparency and working capital advantages.

Chinese provincial lender Harbin Bank started the premarketing process for a $1bn Hong Kong IPO on Thursday, just days after JP Morgan pulled out of the deal.

Poundland’s newly listed shares soared over their first day of trading on Wednesday, rising from the IPO pricing level of 300p to over 401p.

Market softening on continuing concerns over the Asian economy isn’t having any apparent effect on KBC Group’s euro additional tier one deal, which was launched on Wednesday morning by lead managers Goldman Sachs, JP Morgan, KBC Bank, Morgan Stanley and UBS. The deal is looking set to price at the tightest coupon level for an AT1 deal so far, despite other recent names trading weaker on the secondary market on Wednesday.

JP Morgan pulled out of Harbin Bank’s $1bn Hong Kong IPO three days before pre-marketing was due to begin, and well into the cornerstone process.

Franshion Properties is out in the market with a new five year bond. Dealers announced initial price guidance at 5.875% area on Wednesday morning for the dollar benchmark.