Morgan Stanley

Akbank paid 12.5bp NIP for a rare 10 year senior bond from a Turkish bank on Tuesday, the bank’s second appearance in the international market this year.

South Korea’s Cowell e Holdings has raised HK$884m ($114m) by pricing its IPO just above above the bottom of the price range, as concerns about a possible overhang following the listing and the company’s excessive dependence on Apple caused some price sensitivity.

Air France KLM may have to offer a yield of up to 6% on its unrated hybrid bonds, according to market participants.

Morgan Stanley has appointed Kamal Jabre as head of financial sponsors EMEA, in what is expected to be a final move in its reshuffle of senior leadership.

Teva Pharmaceutical Industries is out in the market with a dual tranche euro-denominated bond. Bankers expected the deal to be priced flat to the borrower’s dollar curve.

Akbank has returned to market with a 10 year $500m no grow, its second dollar offering of the year and its second instalment of a $1bn refinancing.

Chinese department store operator Century Ginwa Holdings is looking for a $120m three year amortising loan, with Chang Hwa Bank as sole agent.

Hoist Finance, the Swedish firm specialised in buying and managing unsecured non-performing consumer loans, is today closing the book of its Stockholm IPO.

Harmonicare Medical Holdings is looking to raise between $150m-$200m in a Hong Kong IPO, making it the third healthcare-related issuer to seek an IPO there in the past week.

GF Securities is making a big splash in the ECM market, opening books for its Hong Kong IPO of up to HK$27.9bn ($3.6bn) on Monday, March 23 and offering a very generous discount to where the company’s A-shares are trading. The bargain buy has resonated well with the market, with cornerstone investors having signed up for more than half of the entire trade.

Indian budget airline IndiGo is aiming for a listing in the second quarter of this year, via a deal expected to raise between $400m and $500m, say sources close to the situation.

Vistra Group is looking to list in Hong Kong, hiring JP Morgan and Morgan Stanley as its lead bankers.