Morgan Stanley

Tullow Oil, the Anglo-Irish oil and gas drilling company, finished its £625m rights issue with a small rump placement on Tuesday morning.

India’s NTPC opened books for a new offshore rupee offering on Tuesday, the second Masala transaction to hit the market this year.

Morgan Stanley was able to complete a huge €3.5bn offering of senior notes on Monday, adding to a recent €22.5bn debt binge from US banks following first quarter results.

An outpouring of interest from first tier global funds helped shareholders of ING Life Insurance Korea raise W1.1tr ($975m) from its IPO, though pricing came near the bottom of guidance.

Indonesia-listed Sarana Menara Nusantara is set for a liquidity event after a group of shareholders put a large chunk of stock for sale to raise Rph5.6tr ($422m).

Strong volumes at the start of the year and an easy comparison quarter have meant the US banks have posted stonking sets of investment banking numbers in their first quarter reporting. Goldman’s trading numbers may have disappointed, but broader business is booming on Wall Street.

The Eastern and Southern African Trade and Development Bank (PTA Bank) made a rapid return to the US dollar market on Thursday with a tap of its March 2022s.

Wall Street’s heavyweights peppered the dollar market with big self-led callable deals after reporting a stream of strong first quarter earnings, with one notable exception.

The Eastern and Southern African Trade and Development Bank (PTA Bank) returned to the dollar market on Thursday morning with a reopening of its March 2022s.

China Rapid Finance and Bright Scholar Education Holdings are venturing stateside to raise more than $300m from their IPOs.

Morgan Stanley reported a strong set of first quarter numbers, recording net revenues of $9.7bn, up from $7.7bn in the first quarter of last year.

Chinese school operator Bright Scholar Education Holdings is set to start investor education for its US IPO, which is expected to raise $200m, according to a source close to the deal.