Morgan Stanley

Ex-Barclays honcho John Winter has been appointed CEO of MUFG Securities for the Europe, Middle East and Africa region, and head of the Japanese bank’s global corporate and investment banking business for EMEA.

Chinese online educator Koolearn Technology Holdings has wrapped up its Hong Kong IPO to the tune of HK$1.68bn ($213.9m), after pricing at the mid-point of the marketing range, according to a source close to the deal.

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Barclays is under pressure from activist investor Edward Bramson to slim down its investment bank. But among top European IBs, it made the second highest amount of revenue in Europe, the Middle East and Africa in 2018, according to new research. The results were less promising for Deutsche Bank, however.

Middle-Eastern payments company Network International is getting plenty of traction in pre-marketing for its IPO on the London Stock Exchange and has garnered interest from investors interested in anchoring the transaction, according to sources close to the IPO.

Prisa, the Spanish media conglomerate that owns El País, has agreed to acquire full control of educational publisher Santillana and will finance the deal with a €200m rights offer.

Private equity firm Warburg Pincus has raised D2.33tr ($100.9m) after increasing a block sale of Vincom Retail shares.

Blackstone-backed Embassy Office Parks Real Estate Investment Trust (Reit) has sealed the book for its Rp47.6bn ($694.3m) IPO well oversubscribed.

Despite a slight softness in the European corporate bond market at the end of Tuesday, Wednesday brought another strong deal. CNH Industrial, the agricultural machinery and lorries group backed by the Agnelli family, issued an eight year bond that was increased to €600m.

Ghana became the first Sub-Saharan African sovereign to access the bond market this year on Tuesday, printing tranches of dollar paper on Tuesday and receiving one of the largest order books ever for a bond from the region.

Vakifbank will be the next borrower to join the growing list of Turkish credits returning to the bond market after the nation’s currency crisis in 2018.

India’s largest telecommunications service provider Vodafone Idea has set the price for its Rp250bn ($3.6bn) rights issue, enticing shareholders with a discount of more than 60% to its latest trading price.