Morgan Stanley

Bristol-Myers Squibb held an investor call for a euro bond on Tuesday after its first quarter 2015 results announcement. The US pharmaceutical company completed a European roadshow just before Easter.

The IPO of Cellnex, the telecoms towers unit of Spanish infrastructure group Abertis, was covered on the full deal size, throughout the price range, within a few hours of the start of the bookbuild on April 24.

Post-crisis pressure on Western banks and faltering domestic returns are pushing Japanese banks to be increasingly aggressive overseas. Buying up swathes of assets and an energetic hiring spree have helped put Japan's biggest lenders in a position that they have not enjoyed for years, as Peter McGill reports.

The post earnings supply deluge continued this week as Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo all hit the US bond market.

Ahli United Bank sold its $400m tier one bonds on Wednesday, with leads having positioned the deal between Burgan Bank and National Bank of Kuwait.

Hony Capital has raked in a whopping HK$11.1bn ($1.43bn) by exiting CSPC Pharmaceutical and Chinasoft International via two block trades that hit the market in quick succession, ending the PE firm’s involvement in these Hong Kong-listed companies.

Bahrain’s Ahli United Bank has launched $400m of additional tier one notes at a yield of 6.875%, well inside the trading of comparable issuer Burgan Bank’s perpetuals though the deal is $100m smaller.

China Zhongdi Dairy Holdings Co has filed a listing application with the Hong Kong Stock Exchange via sole sponsor Morgan Stanley.

Bahrain’s Ahli United Bank has released price guidance for its perpetual tier one bond at low 7% area. A syndicate official away from the deal called the guidance fair and said the deal would act as a test of Middle East liquidity after the fall in the oil price.

Doosan Heavy Industries & Construction has made a solid entry into the US dollar bond market, raising $500m from a deal that came backed by Export-Import Bank of Korea (Kexim). The transaction’s success and jubilant investor response bodes well for the wider market, opening up opportunities for other issuers to raise offshore debt with guarantees from policy banks.

Morgan Stanley has delivered its best quarterly figures since the onset of the financial crisis, driven by strong equities and fixed income performance.

A FIG DCM banker at Goldman Sachs has left to take on a similar job at US rival Morgan Stanley.