Morgan Stanley

Morgan Stanley has become the first pure play US investment bank to issue a green bond, with a $500m self-led deal placed in the US on Wednesday.

The Egyptian sovereign, although beset by economic and political challenges, still drew hundreds of investors into a $1.5bn 10 year bond on Thursday — marking a triumphant return to the public bond market after a five year absence.

Extreme swings in European government bond yields rocked markets this week, but worse could be yet to come.

Bank of Sharjah priced its first international bond deal on Monday, while National Bank of Abu Dhabi and Drake & Scull International added their names to the Middle East pipeline. But there are signs the run of Middle East deals is leading to fatigue in the conventional market.

XPO Logistics, the US transport logistics company, wants to issue a $2bn-equivalent four tranche bond to fund its acquisition of Norbert Dentressangle, the French trucking group.

China National Bluestar, which raised $1bn from its maiden dollar bond last week, has reopened books to the same deal on June 4 as a result of a contractual oversight.

CMA CGM, the French container shipping company, has ditched the dollar tranche from its planned €715m-equivalent high yield bond issue and just raised €550m in euros.

Alibaba Pictures Group, the Hong Kong-listed unit of Alibaba Group, has raised HK$12.18bn ($1.57bn) from a private placement of shares, joining the flurry of companies raising fresh equity as markets remain on a high.

Hong Kong-listed Kingsoft Corp fetched HK$2.74bn ($353.43m) from an accelerated share sale on the evening of June 3, with the trade enjoying a brisk response courtesy of its Tencent and Xiaomi parentage.

Santander UK’s debut additional tier one (AT1) impressed on Wednesday, drawing £5bn of demand and lending confidence to a string of issuers looking to print before the summer amid tricky conditions.

Europe’s sunshine state may be about to default for the second time, but equity capital markets are fizzing with activity, and indices only a fraction off their post-crisis highs.

Three convertible bonds were launched in Europe on Tuesday, by British Land, steel tube maker Salzgitter and Iida Group, a Japanese condominium developer.