Morgan Stanley
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Prabhat Dairy limped over the finish line with its IPO, with the Indian producer of milk and dairy products pricing the deal at the bottom of the range after being forced to extend bookbuilding and drastically slashing price guidance.
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Bi Feng Tang (Group) Holdings Corp has tapped Morgan Stanley as the sole sponsor for its proposed IPO in Hong Kong, with the casual restaurant chain filing a draft prospectus on September 4.
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Covestro, the polymer producing unit of Bayer, this morning released its intention to float (ITF) in Frankfurt, kicking off the first substantial listing process after the summer lull.
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The pay gap between men and women working in the front office of investment banks is driven more by bonuses paid than the basic rate of pay, according to Emolument data. But some banks say that they are making strides in their efforts to increase the proportion of women in leadership positions.
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Portugal attracted more than €5.5bn of demand for the first syndicated deal from a peripheral sovereign since mid-June on Wednesday.
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Cigarette maker Philip Morris flagged off pre-deal investor education for an up to Rph26.70tr ($1.92bn) follow-on transaction in its Indonesian subsidiary HM Sampoerna on September 2, with the process set to run for two weeks.
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The share price of Paris-listed Ingenico plummeted on Friday, even as the Cac 40 index rose, after it was reported that the firm was considering a merger with UK payment processing company Worldpay.
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Portugal will become the first eurozone periphery sovereign to test the post-summer syndication market — but its choice of tenor has been limited by several weeks of turmoil in global markets.
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Banque Fédérative du Crédit Mutuel has burst back into the market shortly after a summer blackout, raising €600m with a spree of floating rate medium term notes.
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NL Financial Investments, the organisation that handles the Dutch state’s shareholdings, has selected eight investment banks as bookrunners and co-lead managers for ABN Amro’s highly anticipated flotation.
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Mediclinic, the South African healthcare group, achieved strong pick up on its R10bn ($770m) rights issue to fund its takeover of Cinven’s remaining stake in London-listed Spire Healthcare.