Morgan Stanley

McDonald’s Corp fell victim to a lack of demand for long dated euro bonds on Monday. It was forced to pull the 20 year component of what had been planned as a four tranche deal.

BAML has pulled off what few thought possible and drawn level with JP Morgan as top broker to the UK’s blue chips, writes David Rothnie.

Baozun Inc has priced its IPO on Nasdaq below an earlier marketing range, raising $110m for the largest US listing by a Chinese issuer so far this year.

Shanghai Electric Group Company (SEC) wrapped up its first foray into euros this week, joining a string of Chinese firms that have recently taken advantage of Europe’s low yield environment. Due to the strong demand, not only did the issuer price the deal a lot tighter than its closest comparable but it was able to ramp up the issue size.

Despite last week’s high profile and galling cancellations of two IPOs, new flotations continue to move toward Europe’s equity market, and investors are showing plenty of appetite for deals they like.

A burst of block trades hit the European market today, most of which met eager demand, starting with a daytime deal to raise new capital for DCC, the Irish sales, marketing and distribution group, which is buying a French fuel business from Shell.

Investors have fought back against the tide of leveraged loan repricings, forcing printing ink maker Flint Group to keep pricing at the wide end of guidance on its €1.5bn transatlantic deal.

Shanghai Electric Group Company (SEC) has started taking bids for what will be the company’s debut euro-denominated bond.

China’s beleaguered real estate players are starting to find favour again with equity investors, with CIFI Holdings and Greenland Hong Kong Holdings raising HK$1.32bn ($170m) and HK$1.70bn, respectively, from top-up placements.

3Sbio started gauging investor interest on Monday for its $700m IPO in Hong Kong, with bankers saying that appetite for the Chinese biotech firm is already looking strong.

McDonald’s Corp fell victim to a lack of demand for long dated euro bonds on Monday. It was forced to pull the 20 year component of what had been planned as a four tranche deal.

BSN Medical, the German medical devices company, is holding a lender call at 3pm on Monday afternoon to market a €360m refinancing loan.