Morgan Stanley
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Tata Sons has forked out Rp24.3bn ($359.8m) for a block of shares in Tata Motors through a reverse bookbuild process, the first of its kind in India. -
Chinese selfie app maker Meitu wrapped up its IPO at the bottom of guidance last week, raising HK$4.9bn ($631.5m) in fresh funds.
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UniCredit turned to the equity-linked bond market on Thursday to dispose of its last 7.4% stake in Bank Pekao, after agreeing to sell 32.8% of the Polish lender to insurance company Powszechny Zakład Ubezpieczeń and the Polish Development Fund, for Z10.6bn (€2.4bn).
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Business travel group Carlson is running a roadshow for what could be the European high yield market's last deal of the year as it aims to refinance its debt with a three tranche bond.
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Infrastructure investment trust (InvIT) India Grid Trust has taken its first step towards going public, submitting a draft red herring prospectus on December 2.
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Catalent Pharma and Thomas Cook — a reverse Yankee issuer and a UK holidays operator — on Thursday released guidance for high yield deals amounting some €900m in a market that has been mute since November 15.
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Rising inflation expectations, as governments switch their focus to fiscal stimulus and central banks move away from extremely loose monetary policy, are boosting demand for inflation linked bonds. Opec’s agreement this week to cut oil production pushed demand even higher. But there are question marks over whether issuers will adapt their funding menus to satisfy the new appetite, writes Craig McGlashan.
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A No vote in Italy’s referendum on constitutional reform will rock already struggling Italian bank debt spreads, but FIG market participants are prepared to weather any volatility as they wait for the opportunity to lock up investors’ remaining cash this year.
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Glencore launched a cash tender offer on Thursday, hoping to buy back $1bn of dollar bonds, after raising $4.7bn from asset sales in the past few weeks.
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DNA, one of Finland’s largest telecommunications companies, closed at €10.10 on its stock exchange debut on Thursday, after pricing its €413m IPO in the lower middle of its range.
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