Morgan Stanley
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India’s RBL Bank priced its Rp12.1bn ($180.4m) IPO at the top end of guidance after a surge of demand pushed the deal to close nearly 70 times subscribed, said sources familiar with it. -
The Securities and Futures Commission (SFC) has reprimanded Morgan Stanley Hong Kong Securities over internal control failures, slapping a fine of HK$18.5m ($2.4m) on the US bank.
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SPAR BBBEE Retailer Employee Trust and the SPAR BBBEE Employee Trust, have sold 3.8% of Spar Group, the South African supermarket chain, for R1.5bn ($108m) via an accelerated bookbuild that unwound a black economic empowerment scheme set up in 2009.
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Datang Environment Industry Group Co has refiled its IPO application with the Hong Kong bourse almost a year after its first attempt at a listing, but this time without Morgan Stanley as a joint sponsor.
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China Orient Asset Management Corp is set for a new five year dollar bond, opening books for the deal on Tuesday morning.
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India’s National Stock Exchange has appointed four banks, Citi, JM Financial, Kotak Mahindra Capital and Morgan Stanley, as joint global co-ordinators for its domestic IPO.
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Hyundai Capital Services (HCS) opened books for a three year dollar-denominated note on Tuesday, less than six months after tapping the market for its debut green dollar bond.
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E.ON’s spinoff of Uniper, its fossil fuels operations, will be completed within weeks as preparations for a listing in Frankfurt near completion, with joint global coordinators JP Morgan and Morgan Stanley potentially first in the queue to handle residual sales of stock over the next three years.
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India’s market regulator met with a group of local and international investment banks last week in a bid to determine why the number of qualified institutional placements has dropped this year, according to sources.
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India’s RBL Bank opened books on Friday for an up to Rp12.1bn ($180.8m) IPO — the first listing from a bank in the country in more than five years.
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A seemingly unstoppable flow of dollar issuance from public sector borrowers looks set to spill into next week, after a slightly undersubscribed deal early this week failed to dent sentiment for other trades.
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