Morgan Stanley

The European Financial Stability Facility has launched a dual tranche, picking up a combined €5bn and putting to rest any concerns over its ability to pick up long dated funding.

The European Financial Stability Facility (EFSF) will kick off its second quarter funding programme with a dual tranche. The deal hits screens as the European Central Bank cuts its asset purchase programme from €80bn per month to €60bn per month.

Nine mandated lead arrangers and bookrunners have invited lenders to join the international loan market debut of Ant Financial subsidiary, Alipay (Hong Kong) Holding. The money will partly be used to support Ant’s bid to acquire MoneyGram.

Peer-to-peer lender China Rapid Finance is vying for approval to float in the US, having filed preliminary documents with the Securities and Exchange Commission.

Aston Martin, the UK luxury car maker, made savings of up to 400bp on Friday as it wrapped up its latest bond refinancing bond. Investors came along for the ride but found it a bit of a squeeze.

Indonesia Eximbank and State Bank of India each secured $500m bonds on Thursday, offering investors some alternative to the Greater Chinese names that blasted into the market.

Chinese iron and steel making conglomerate Hesteel Group Co has snapped up $500m on the back of a price rally in the steel sector onshore, with bankers praising the company’s efforts to woo accounts during a roadshow.

Kunming Dianchi Water Treatment Co has raised HK$1.3bn ($167.3m) after avoiding an aggressive stance on its IPO and pricing at the bottom of guidance instead.

Shares in Neinor Homes, the Spanish home builder owned by Lone Star Funds, closed 3% above their IPO price on Wednesday after it made its debut in Madrid, in a show of investor confidence in the economic recovery in Spain.

UK luxury sports car maker Aston Martin will hit the road for a senior secured deal in sterling and dollars on Friday to repay bonds coming due next year.

MUFG has hired a senior leveraged finance banker from RBC Capital Markets to head financial sponsors within its leveraged finance team in EMEA.

Kunming Dianchi Water Treatment Co opened the doors to its Hong Kong IPO on Friday, with the deal set to raise up to HK$1.6bn ($205.3m).