Morgan Stanley

CDP Financial has set the price in line with initial price thoughts for its two year dollar benchmark, giving investors a new issue premium of around 4bp.

Huatai Securities, the Chinese brokerage, has revived its plan to sell $500m of global depositary receipts (GDRs) on the London Stock Exchange, having postponed the deal last year due to regulatory uncertainties.

Global Fashion Group, the emerging markets-focused online fashion retailer, intends to raise €300m to finance its growth via an IPO on the Frankfurt Stock Exchange, the company said in a statement on Monday.

Adani Green Energy made its dollar market debut on Thursday, nabbing $500m with a green trade.

MasterCard ventured into volatile markets on Tuesday to print its first bond since February 2018, but investors paid the price as spreads widened.

US utilities continued to dominate dollar corporate bond issuance this week, as defensive names piled into the market before trade tensions slammed the brakes on supply on Wednesday. But issuers fought back on Thursday.

Hansoh Pharmaceutical Group kicked off the roadshow for its Hong Kong listing this week, with up to HK$7.9bn ($1bn) of proceeds in its sights. The deal got off to a strong start with the help of a cornerstone group that included Singapore’s sovereign wealth fund, as well as an early turnout from international institutions. Jonathan Breen reports.

Brussels Airport has issued a €500m US private placement in three tenors in a “blowout transaction”, according to market sources.

European elections, which produced relief in much of Europe and some horror in the UK, have not fazed corporate bond markets. But they may have caused this week's dearth of issuance. Illinois Tool Works' three trancher on Wednesday may be the only fruit. But investors' diaries are filling up with roadshow dates.

Münchener Hypothekenbank was the only financial institution to issue a euro bond this week, selling a senior non-preferred deal on Wednesday. The German lender attracted demand roughly similar to the bond's size of €250m, set from the start.

Trainline, the UK transport booking website, said on Tuesday that it plans to raise £75m of new capital, having confirmed its intention to float on the London Stock Exchange.

Sellers of the IPO of Trainline, the UK transport booking website, are confident that the listing is a strong enough prospect to withstand any political pressures affecting the UK, including a Labour government intent on nationalising the country’s railways.