Morgan Stanley
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Meatpacker Marfrig announced initial price thoughts low to mid 8% area for a new seven year non-call three bond expected to be priced on Wednesday, with S&P so impressed by the company’s capital market activity that it assigned a positive outlook to the rating.
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Monsanto has rejected Bayer’s all-cash bid of a $62bn enterprise value as “incomplete and financially inadequate”, but left the door open to an improved offer.
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UK investors showed no jitters on Tuesday about a potential UK exit from the European Union, as the sovereign’s last syndication before the EU membership referendum drew a book of more than £15bn — a record for an inflation-linked Gilt syndication.
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Equity and currency derivatives markets were ill-prepared for any major policy changes coming out of the G7 meeting this week, with prices reflecting low expectations of volatility. But even as the first day's session on Thursday passed without shocks, there was a growing sense that Friday could bring a bigger showdown.
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China Three Gorges Corp, CCB Leasing and 361 Degrees International are looking to take advantage of a tight window to get their dollar fundraisings out of the way ahead of a speech from Federal Reserve chairwoman Janet Yellen on Friday.
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Supranational issuers are lining up to tap the long end of the euro curve, with the European Investment Bank set to price an April 2032 benchmark and the European Financial Stability Facility printing a dual tranche deal.
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CVC Capital Partners is set to close two leveraged buyouts at early bird stage for Tipico, the German gaming operator, and Doc Generici, the Italian generic pharmaceutical firm.
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Meatpacker Marfrig will meet investors this week as it looks to show that the poor secondary market performance of Petrobras’ new bond will not damage Brazilian companies’ ambitions of returning to markets.
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Morgan Stanley is set to name Jing Qian, its co-head of China investment banking, as chief executive of Morgan Stanley Huaxin Securities Co, the US bank’s joint venture in China.
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Erste Bank, the Austrian lender that failed to pay a coupon on legacy tier one debt just 18 months ago, this week mandated leads for an inaugural additional tier one transaction that could be one of the juiciest trades ever to hit the market.
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The chief executive of Morgan Stanley Huaxin Securities Co, the US bank’s joint venture in China, has left the firm.
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Peruvian power generation company Kallpa became the first Peruvian issuer apart from the sovereign to issue international bonds as strong local interest helped it to navigate a turbulent market on Thursday.