Morgan Stanley
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More than $1.5bn worth of block trades completed within the space of three days this week showed that the summer break in European equity capital markets is well and truly over. The deals included two big Swedish sell-downs by EQT worth more than $500m, and a Sfr539m sale of Straumann Group shares.
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Hong Kong-listed NagaCorp raised a larger than expected HK$950m ($123m) after boosting the number of shares sold in its overnight equity offering, even though it priced at the bottom of guidance. -
Postal Savings Bank of China met with the sponsors of its upcoming $8bn Hong Kong IPO in Beijing on Thursday as the issuer approaches hitting the market, according to a source involved in the transaction.
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Dubai’s Emaar Properties has picked banks for its first trade since 2014, a senior unsecured sukuk.
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NagaCorp, which operates the only licensed casino in Cambodia's capital, has launched a top-up placement that could raise up to HK$832m ($107m), ending a three year absence from the equity market.
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Symbiont, a startup technology firm specialising in smart contracts and distributed ledgers for financial markets, has named a former Morgan Stanley senior banker as president and chairman of its board of directors.
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Morgan Stanley Investment Management, the asset management division of Morgan Stanley, has launched two new multi-asset global funds, the Global Balanced Fund and the Global Balanced Defensive Fund.
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Postal Savings Bank of China is set to kick off investor education for its $8bn IPO after the Hong Kong Stock Exchange approved its plan on Thursday.
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The sun continued to shine on South African equity capital markets this week, despite growing political volatility.
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Bankers are braced for a bumper September of corporate dollar issuance as M&A funders look to tap the market amid huge demand for high grade paper.
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The gap to repay a €2.7bn bridge facility that supports HeidelbergCement's purchase of Italcementi is set to close once the former cashes in the sale of its West Virginia factory.
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Two accelerated bookbuilds lit up the Asian market this week as equity capital market bankers foresaw brightening prospects for block trades. As one banker said that term sheets for potential overnight share sales were “flying around”, the end of the summer could usher in a bumper harvest of deals. John Loh reports.
