Morgan Stanley

Morgan Stanley has snared one of the top business services investment bankers to run its team in Europe, the Middle East and Africa.

The tally of sterling high yield bond sales in January is on course to reach £2bn after Jaguar Land Rover on Thursday launched a new £300m offering, adding to a recent surge of deals in the currency.

Repeat Chinese issuer Yuzhou Properties Company and debut credits Reward Science and Technology Industry Group Co and United Photovoltaics pushed into the busy Wednesday market, looking to close dollar deals before the holiday.

Pattern Energy Group is planning to print its first corporate bond this week with a $350m high yield offering that will primarily finance acquisitions of wind power projects from its developer-sponsor, Pattern Development.

Xella, the German building materials maker, held a bank meeting on Thursday morning in London for the first large buyout of the year so far, as it markets €1.3bn of loans backing its buyout by US private equity house Lone Star.

China Development Bank priced a mammoth five tranche deal Tuesday, raising more than $4bn across three dollar and two euro tranches, making it the first Chinese name to issue a euro deal this year.

Every shade of corporate bond has been able to find a home with euro investors this week, despite investors’ mutterings about overly zealous spread tightening and continued scepticism about the long end.

Hong Kong's United Photovoltaics and Chinese issuers Reward Science and Technology Industry Group Co, Beijing Capital Group and Yuzhou Properties Company all launched new dollar transactions Wednesday amid a flurry of pre-holiday issuance.

Morgan Stanley reported a jump in profits and revenue in the fourth quarter of 2016, as activities in the bank’s trading group propelled it to a strong finish to the year.

VodafoneZiggo, the newly formed joint venture between Vodafone and Liberty Global-owned Ziggo, launched a €1.5bn-equivalent term loan package this week with a lender call at 4pm London time on Tuesday.

China Development Bank Corp is kicking off the year with a bang, launching a euro/dollar dual currency bond across five tranches Tuesday morning.

Morgan Stanley has received approval to increase its stake in its Chinese securities venture from 33.3% to 49%, according to a source with knowledge of the agreement.