Morgan Stanley

MUFG said on Thursday that it had hired former HSBC banker Jeff Bennett as head of leveraged corporate origination and structuring, part of the bank’s longer term expansion of its leveraged finance and investment banking businesses in EMEA.

Six corporate investment grade borrowers took home a combined $3.75bn as the US dollar market finally took a breather for the summer after the breakneck pace of issuance for the month so far.

Two deals were priced this week in the European corporate bond market, and next week already looks busier. With a roadshow under way and four others coming up, the window before September’s European Central Bank meeting looks full.

Dongfeng Peugeot Citroën Auto Finance sealed a single tranche Rmb3bn ($451m) ABS deal on August 22, just five days after Bond Connect investors tapped the asset class for the first time. But the originator showed little interest in seducing the newcomers and stuck with the local investor base instead.

HDFC Standard Life Insurance Co is planning an offer-for-sale of secondary shares. The deal could be worth Rp100bn ($1.56bn) and is likely to hit the market in 2017, according to a banker working on it.

China Great Wall Asset Management attempted to reopen the Asian dollar debt market on Thursday with a triple tranche offering after a typhoon shutdown the market on Wednesday.

A lack of supply in the summer months has helped to extend an already impressive rally in the bank bond market, leaving cash-rich investors hungry for a wave of new supply.

Microfinance institution Bandhan Bank has begun preparations for its IPO, according to a source familiar with matter.

Fintech firm Paysafe has disclosed the financial structure initial lenders have put in place before they begin marketing the all-leveraged loan funding of its acquisition by CVC and Blackstone from Old Mutual and Threadneedle.

Hyundai Capital Services shook off North Korea-related worries to hit the bond market at the start of the week, managing to reach its goal of $900m across two tranches.

European corporate bond market participants are expecting supply to start again after the UK bank holiday on August 28. Kimberly-Clark was the first issuer into the pipeline when it announced a European roadshow on Monday morning.

HDFC Standard Life Insurance Co submitted a listing application to the Indian regulator on Friday, with as many as 10 banks managing the float, which could be worth Rp100bn ($1.5bn).