Morgan Stanley
-
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.
-
Investors piled into Southern Copper’s 10 and 30 year bonds on Monday in what a banker on the deal said was only the second new issue from a metals and mining credit in any markets so far this year.
-
Doosan Heavy Industries & Construction has opened books for its first dollar bond in the offshore market on Monday, having completed a global roadshow last week.
-
E-commerce based Baozun Inc is seeking an IPO on the Nasdaq to raise $200m, in what will be the first US listing of a Chinese technology firm exceeding $100m since December 2014.
-
Hony Capital has made a full exit from CSPC Pharmaceutical Group after having gradually trimmed its stake over the past two years, taking advantage of the recent rally in the Hong Kong index to net a whopping HK$9.78bn ($1.26bn) on April 16.
-
-
Merlin Properties, the largest Spanish real estate investment trust, has announced a fully underwritten rights issue, to raise €613.8m, a 50% capital increase. It is also considering bond issuance in future.
-
Some senior unsecured FIG borrowers in euros were met with a less than stellar response from investors this week.
-
-
Pennon Group, the UK water, sewerage and waste management company, raised £100.3m on Thursday with a 3% equity capital increase to finance the acquisition of Bournemouth Water.
