Morgan Stanley
-
Cochin Shipyard has dished out the mandate for its Rp10bn ($149m) IPO in India to three domestic firms, according to sources. -
Credit markets showed their capacity to surprise this week, as a varied array of issuers, including high yield and emerging market companies, raised funds, even though a referendum that could lead to the first country leaving the European Union is only a week away, writes Jon Hay.
-
LafargeHolcim, the French-Swiss cement group, found ample demand in the European bond market on Wednesday for a tap issue, showing how keen appetite remains, despite the nearness of the UK’s referendum on leaving the European Union next week.
-
Unit4, the Dutch online application provider, is marketing a €230m term loan with replies due this week, but European investors have voiced difficulties in understanding the IT sector.
-
Basic-Fit, the low cost gym group, made its debut on Euronext Amsterdam on Friday morning, after an IPO that was priced towards the bottom end of its range on Wednesday.
-
Frasers Centrepoint has priced its Singapore real estate investment trust IPO at the top of guidance, bagging S$903m ($666.5m) after investors came out in force at the top of the range.
-
Dong Energy’s IPO, the biggest in Europe so far this year, achieved a strong result, both in its bookbuild, which raised Dkr17.1bn ($2.6bn), and on its first day of trading on Thursday, when the shares jumped 10%.
-
The Irish telecommunications firm Eircom Holdings on Tuesday issued a benchmark size secured bond 25bp inside guidance levels — giving heart to issuers that would rather not wait for the UK referendum result.
-
A resurrection of what should have been last year’s biggest deals from Veritas and a euro deal from Altice point to a leveraged loan market that has returned to good health, writes Max Bower.
-
-
Two live Dutch IPOs for state-owned insurer ASR Nederland and gym chain Basic Fit have both issued revised price guidance. ASR remains on track to become the largest Amsterdam IPO of the year.
-
Emerging market bonds gained renewed energy this week as the likelihood of a US rate rise in June fell. A torrent of issuers are bringing new bonds on both sides of the Atlantic.
