Morgan Stanley
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Morgan Stanley has bulked up its FIG DCM team with a new hire from Crédit Agricole CIB.
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Interglobe Aviation, the holding company of Indian budget carrier IndiGo, and Coffee Day Enterprises are looking to launch their IPOs in October, in deals that could raise a combined Rp36.5bn ($548.19m). -
Hong Kong conglomerate Swire Pacific is looking to find long-dated appetite with a new 10 year bond in US dollars.
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A pair of oversubscribed deals at the long end of the curve in euros this week has reopened a market that has been moribund for much of the year, as investors come to terms with low yields, writes Tessa Wilkie.
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This week produced an encouraging run of equity block trades, with a sprinkling of modestly sized deals on Tuesday, Wednesday and Thursday.
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This week’s encouraging run of equity block trades continues this evening (Wednesday September 9) with a sale of 10% of Inmobiliaria Colonial, the Spanish property company, worth about €190m.
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Belgium on Wednesday printed the largest euro benchmark of 20 years or longer since the European Central Bank began a programme of public sector bond buying earlier this year.
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Belgium is out with the longest dated deal from a sovereign, supranational or agency — outside the emerging markets — since February. And it is drawing a rip-roaring response which could encourage other issuers to look at the long end.
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Belgium has mandated for the first fixed rate benchmark longer than 20 years in the sovereign, supranational and agency sector in euros since February, while an Austrian agency also found demand at the long end of the euro curve.
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Egypt’s Banque Misr is planning a loan for around $200m and will mandate lead banks next week, according to an official in talks with the bank.
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Glencore is keeping its options open as to how it raises $2.5bn of fresh capital. The deal could come as an accelerated bookbuild or in another form, and the mining and commodities group has flexibility on timing.
