Morgan Stanley

The UK Debt Management Office breezed through another syndication on Wednesday, although bankers said that the darkening cloud of global trade wars likely led some investors to seek shelter in the safe-haven asset.

German property company Aroundtown raised funding in a fifth different currency of 2018 on Wednesday, when it saw an opportunity to issue corporate bonds more cheaply in sterling than in euros.

The Securities and Exchange Board of India has waved through Lodha Developers’ IPO, barely two weeks after putting the transaction on hold.

Smartphone maker Xiaomi Corp’s debut in Hong Kong fizzled out as its shares tumbled 6% at the open, even as Chinese stocks shrugged off a looming trade war.

A German sub-sovereign astonished the SSA market this week, selling a 50 year benchmark to show that, despite the expectations of rising rates in euros, some investors at least are still happy to put money into assets at the ultra-long end. Lewis McLellan reports.

UK retailer J Sainsbury’s has signed a £3.5bn loan package to back its acquisition of Walmart-owned Asda, with the company raising more debt than the cash component of the deal despite analysts raising concerns about the borrower’s recent debt levels.

Hong Kong was inundated with IPO filings this week as banks sought to give themselves enough runway to launch deals before the end of the year.

Hong Kong start-up Welab Holdings has filed a listing application with Morgan Stanley as lead left underwriter and sponsor alongside JP Morgan.

Indian companies Bharat Hotels and Chalet Hotels are preparing to go public, having filed draft prospectuses with the securities regulator.

Asia’s G3 bond market has been defined by volatility this year, forcing bankers, investors and issuers alike to think on their feet during the first half of 2018. As banks fight to stay on top of the limited primary market activity, the region’s league tables have been disrupted.

Fresh from a successful Shanghai IPO in May, WuXi AppTec is pushing for a dual-listing in Hong Kong worth a possible $2bn.

Two borrowers, Marlink and Iris Software, offered a string of new medium sized leveraged loans this week, following the recent launch of some highly anticipated jumbo deals that sources say have helped renew investor interest in the European market.