Morgan Stanley

The Far-Eastern Shipping Co has announced the results of its buyback offer for its 2018 and 2020 bonds.

US advisory firm Blackstone Group has opened guidance on a 10 year senior bond in less than hospitable market conditions, much to the surprise of bankers.

The opportunity to buy into one of China’s largest private conglomerates, Fosun International, was too good to miss as keen investor participation propelled the company to take up an upside option and raise a chunky $1.2bn from an accelerated bookbuild on May 11.

China Resources Land is the latest company to join the placement spree in Hong Kong, opening books to a top-up placement that could be worth as much as HK$9.75bn ($1.26bn).

Taiwan’s United Microelectronics Corp raised $600m with a convertible bond on Monday May 11, in one of the biggest equity-linked deals in the country for years.

UniCredit has appointed a global head of equity capital markets, filling a position that has been vacant since Christian Steffens moved internally to become head of financial institutions group last February.

Afren, the troubled oil exploration company, has decided not to pay the $12.8m of interest which was due on its 2019 bonds on April 8, 2015, despite having raised $200m of interim funding on April 30.

Baozun Inc has opened books on its up to $154m IPO on the Nasdaq, with the trade getting some early traction from Chinese investors keen to get their hands in the country's first e-commerce listing in the US this year.

The Asia ex-Japan convertible bond market is finally seeing some action following a subdued start to 2015 thanks to United Microelectronics Corporation (UMC), which opened books to a $600m currency-linked CB on May 11.

Hong Kong-listed Fosun International has launched a top-up share placement to raise $1bn, which comes in the wake of a recent acquisition spree.

Execution risk has been pushed sky high in bank capital after NordLB, a German bank, was forced to pull an additional tier one print on Thursday, writes Tom Porter.

Cellnex Telecom, the Spanish telecoms towers business owned by infrastructure group Abertis, rose 10% when it began trading in Madrid on Thursday, May 7, after its €1.78bn IPO.