Morgan Stanley
-
India’s IndusInd Bank raked in Rp43.26bn ($681.85m) from a qualified institutional placement on June 26 that proved extremely popular, as the pipeline of ECM fundraisings feeding into the country’s banks continues to stack up. -
-
Financial institutions will be forced to pay sky high premiums to print tier two before the summer, as they balance regulatory demands for more loss absorbing capital against an unfriendly primary market, writes Tom Porter.
-
Two equity block trades were launched in Europe on Thursday night, despite the ever-dwindling hopes of resolution to Greece’s debt crisis. Remarkably for such a day of political stress, the Euro Stoxx 50 spent part of the day in the green and ended exactly flat.
-
Heinz rounded out an impressive debt financing exercise on Wednesday for its merger with Kraft, adding modestly sized euro and sterling bonds to the $10bn seven tranche dollar issue it had done on Tuesday.
-
The recruitment drive in insurance DCM ahead of anticipated Solvency II-driven capital issuance continues, with Morgan Stanley hiring a banker from Barclays.
-
Hong Kong IPOs took centre stage in Asia ex-Japan ECM this week, as two healthcare-related names went live on June 22 while Legend Holdings and Red Star Macalline Group Corp priced their deals at the top end of expectations.
-
Sky Light Holdings, the accessories maker for the action camera industry, has shot into fame with its HK$676m ($87m) IPO that has priced at the top end of guidance, as retail and institutional investors signed up in droves.
-
CriteriaCaixa Holding, the unlisted company that owns stakes in CaixaBank and various industrial companies, sold a 2.28% stake in CaixaBank on Tuesday night, via a €566m Morgan Stanley block trade that was quickly covered.
-
Heinz rounded out an impressive debt financing exercise on Wednesday for its merger with Kraft, adding modestly sized euro and sterling bonds to the $10bn seven tranche dollar issue it had done on Tuesday.
-
The corporate bond market got back on its feet with vigour on Wednesday, as Capgemini in particular impressed, with a hefty size and even heftier order book for a triple tranche deal — though it had to pay a large new issue premium.
-
RBL Bank, formerly known as Ratnakar Bank, is looking to raise Rp15bn ($234m) in an Indian IPO, with a syndicate that is significantly larger than when the deal first came to light. The trade is slated to launch in the second half of the year.
