Morgan Stanley

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.

Permanent TSB proved the boldest bank in the euro market on Monday and opened guidance on a three year senior trade, the first since May 12.

Two shareholders of Samsung Life Insurance Co raised W655.20bn ($599.31m) after pricing the shares they were selling near the bottom of the range, breaking a lull in large block trades out of South Korea since March.

Real estate investment trust Foncière des Murs, using the private medium term note format, has made its second ever foray into the capital markets.

Despite choppy markets leading to a quiet week for corporate issuance, the pipeline remains strong with several new issuers announcing roadshows for deals set to be launched this month.

Flint Group, the Luxembourg headquartered UK provider of products and supplies for the printing and packaging industries, is seeking a price cut on a €1.5bn equivalent loan.