Morgan Stanley
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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The dollar market is providing public sector issuers with an opportunity for primary issuance as other major currencies — euros and sterling — are wracked with uncertainty.
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Reed Elsevier has issued a €600m 10 year bond through a US financing vehicle in an SEC-registered, New York-listed format, after considering issuing in either euros or dollars.
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NordLB put its debut additional tier one print on ice on Thursday morning, with a sharp sell-off in AT1 paper causing the leads to postpone the deal.
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China National Petroleum Corp (CNPC)’s subsidiary Kunlun Energy Co successfully completed its inaugural dollar offering on May 6, continuing the success of Chinese gas and oil firms in the international debt market.