Morgan Stanley

International and domestic investors flocked to the Indian government’s Rp15.6bn ($250m) sale of a 5% stake in Rural Electrification Corp on April 8, with the success auguring well for this fiscal’s year divestment programme.

The Korean DCM market is finally showing some signs of life, with Shinhan Bank opening books for a dollar denominated bond on April 8. Even though the Korean lender is expected to print a deal of only $350m-$500m, market observers are still excited by its appearance as it could be the first of a long list of names.

The Indian government is set to raise around Rp15.6bn ($250m) by divesting a 5% stake in Rural Electrification Corp, with books for the offer for sale (OFS) opening on April 8 and ending up oversubscribed pretty quickly.

China Communications Construction Co (CCCC) has hired three banks to prepare a dollar-denominated senior perpetual deal. If it goes ahead, the deal will be the borrower's debut in the international bond market.

Abertis, the Spanish infrastructure group, aims to sell more than half of Cellnex, its telecoms towers unit, in a public offering that would add to what has already been a very strong year for equity deals in Madrid.

Moroccan phosphate group OCP has mandated banks for a series of investor meetings for a 144A Reg S dollar bond.

Red Star Macalline Group Corp has filed a listing application on Thursday with the Hong Stock Exchange for an IPO that could raise up to $1bn by mid-year.

Liberty Global’s subsidiary UPC Broadband Holding BV on Wednesday priced a €1.1bn dual currency senior secured offer, which some high yield bankers saw as confirmation of a stable, busy pipeline.

The AA’s traditional investors on Friday helped the UK car breakdown insurance company price £735m of class ‘B’ notes inside price guidance.

Hong Kong-listed China Traditional Chinese Medicine Co has raised HK$4bn ($516m) after selling shares via a private placement to 25 investors.

China Medical System Holdings has raised HK$1.72bn ($222m) from a top-up placement of shares on Monday, March 30, with the stock being offered at a hefty discount of 8.06% to the company’s last close.

Morgan Stanley has appointed Piers Harris head of European corporate fixed income capital markets, following the departure of Marcus Hiseman to join Bank of America Merrill Lynch.