Morgan Stanley

E-commerce company Baozun has kicked off investor education for its $200m IPO on the Nasdaq, as it attempts to break the lull of Chinese names heading to the US for listings this year.

Labco, the French medical diagnostics firm, opened the book on Wednesday for its initial public offering, which could total €545m at the top of the price range.

Bristol-Myers Squibb has returned to the European bond market, issuing 10 and 20 year bonds to replace its existing euro bonds maturing in 2016 and 2021.

Emirates NBD took advantage of a quiet CEEMEA primary market on Wednesday and opened books on a benchmark dollar deal.

China Communications Construction Co (CCCC) has secured the backing of its board for the H-share IPO of its dredging arm in Hong Kong, which is looking to raise about $800m.

Aroundtown Property Holdings, an unlisted member of Yakir Gabay’s stable of property investment companies, has issued a €450m pre-IPO convertible, which embodies a strong pledge that the company will float within the next 12 months.

Cyprus dipped into a market that has become at least temporarily more relaxed about the prospect of a Greek default, raising €1bn of seven year cash.

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.