Morgan Stanley
-
The European high yield bond pipeline this week brought €1bn of single-B rated offerings in euros and sterling from new issuers, giving hope to those working for a bigger borrower base for the market. -
China Grand Automotive Services Co redeemed itself in the offshore bond market on Tuesday, grabbing $400m from a much smoother deal than its December debut.
-
The Export-Import Bank of Korea (Kexim) sold a $2bn deal on Tuesday that looked almost identical to the issuer’s January trade.
-
China Literature’s IPO in Hong Kong, set to raise up to HK$8.3bn ($1.1bn), has been hotly received by investors. Books were well oversubscribed with no price sensitivity at the range given, said a banker at one of the leads.
-
Wind Tre, the Italian telecoms company, issued its €7.3bn senior secured bond deal on Tuesday, a day ahead of schedule, and priced all four tranches at the tight end of guidance.
-
Shares in Bawag, the Austrian banking group, closed below their offer price on Wednesday after the company priced its €1.68bn IPO at €48 a share, near the bottom of the initial €47 to €52 range.
-
The Export-Import Bank of Korea (Kexim) hit the offshore market yet again on Tuesday with a dual tranche dollar bond, a month after the South Korean issuer sold a Singapore dollar deal and a Formosa bond.
-
Has Europe’s corporate bond market ever been hotter than today? Perhaps, but Monday’s four investment grade deals totalling €7.4bn offered ample evidence of extraordinary demand — not least, what is believed to be the most tightly priced corporate hybrid capital issue ever, for Danone.
-
One of the biggest IPOs in London this year was revealed on Monday when Arqiva, the UK’s largest operator of TV and radio broadcast towers, launched an IPO with a projected valuation of about £5.5bn.
-
Sea can lay claim to being one of this year’s most well-participated IPOs by an Asian issuer, after more than 500 investors piled into its New York Stock Exchange flotation.
-
Jianpu Technology has filed for a $200m listing of American Depositary Shares, tapping three bulge bracket banks as underwriters. Hong Kong-based iClick Interactive Asia Group, meanwhile, is eyeing $100m.
-
Tencent-backed China Literature has kicked off bookbuilding for a Hong Kong IPO that could raise up to HK$8.32bn ($1.07bn), according to a term sheet seen by GlobalCapital Asia.
