Morgan Stanley
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After losing talent to boutiques, the world’s top M&A firms have responded by promoting their brightest and best. About time too, writes David Rothnie
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Morgan Stanley is set to lose a well-known senior trader from its London operation, according to market sources. -
South Korea’s Cowell e Holdings opened bookbuilding for its Hong Kong IPO of HK$1.196bn ($154m) on March 17, with healthy indications coming from prospective investors ahead of the trade’s launch.
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Two US technology companies are marketing high yield bonds in Europe, in a new signal of the market's attractiveness.
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Air France KLM has hired five banks for a potential hybrid bond issue, as the unrated, high yield airline's €661m convertible bond approaches maturity.
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Korea’s Cowell e Holdings will opening books for its $150m-$200m IPO in Hong Kong on Tuesday, March 17, with pricing scheduled to take place one week later.
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ICBCIL Finance wrapped up its maiden appearance in the international debt market on March 12. Market participants questioned whether the deal was done too cheaply.
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A tricky secondary market was unable to derail the new issue pipeline in senior this week, with new deals selling well even as their predecessors underperformed.
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Hospital operator Mitra Keluarga Karyasehat has priced Indonesia’s largest IPO since 2011, raising Rph4.45tr ($338m) in a deal that investors piled into.
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Malaysia’s state owned oil and gas company Petroliam Nasional (Petronas) broke records this week when it priced the largest G3 bond from a southeast Asian corporate. Choosing aggressive pricing over a bigger size, the issuer opted to settle for raising $5bn with the four tranche deal, lower than the expected size of $6bn-$7bn, writes Narae Kim.
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Teva Pharmaceutical Industries kicks off investor meetings in Europe next week. The borrower is looking to issue its first euro denominated bond since 2012.
