JP Morgan
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Bank and finance names enjoyed a rapturous response from investors who this week poured dollars into high grade deals.
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Belgium, KfW and the European Financial Stability Facility could be first in line with euro benchmarks after issuers largely avoided a tricky time this week that included German holidays, a European Central Bank rates decision and uncertainty over the stand-off between Ukraine and Russia.
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London listings could prove popular for issuers looking to sell offshore renminbi following the International Finance Corporation’s debut London listed RMB deal this week. It enjoyed a diverse global distribution, with several investors telling syndicate bankers that the location of the listing was an important factor in deciding to participate. -
Five potential buyers are looking at Diana Ingredients, the French natural ingredients maker, as Ardian aims to sell it in a transaction that could be backed by an €800m loan package. If a buyer is found, the deal would show secondary buyouts are still a viable outlet for investment funds, after a burst of IPO exits in recent months.
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Two UK property firms raised a combined GDP260m through primary placings led by JP Morgan on Thursday morning. The deals will help the firms buy more properties as demand for UK real estate rages.
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Avis Budget took advantage of strong high yield demand to open books today for a tap of its 6% March 2021 bonds.
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Malaysia Airports Holdings raised MR980m ($299m) via an accelerated bookbuild on February 3 as it looks to put the finishing touch to its acquisition of a stake in Turkey’s Istanbul Sabiha Gokcen International Airport.
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Pork processor WH Group’s $6bn Hong Kong IPO is likely to come in April, according to a banker close to the trade.
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Bank of Tokyo-Mitsubishi UFJ slotted a fifth tranche into its blow-out $4bn bond on Tuesday, adding a 30 year bond after US investors showed strong appetite for the longer tenor.
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Lowell Group, the UK consumer debt purchasing and recovery company, priced its second high yield bond at a yield barely half what it paid on its debut transaction two years ago.
