Morgan Stanley

Shareholders in OW Bunker are investigating expanding evidence surrounding the Danish oil bunkering firm’s ill-fated IPO, with a view to suing the firm’s private equity seller, Altor, and the firms that worked on the listing, including its global co-ordinators Morgan Stanley and Carnegie. Olivier Holmey reports.

The tier two market rocketed back into action after a nearly two week hiatus on Wednesday, with Santander Issuances and KBC Group hitting the undersupplied sector and quickly building bumper books.

Campofrio Food Group, the Spanish processed meat producer, priced its €500m bond a day early on Tuesday at 3.375%, in an eager high yield market.

Cowell e Holdings — a maker of front-end camera modules for mobile devices — has begun testing investor appetite for its $150m-$200m IPO, with its link to Apple expected to be a key selling point.

Malaysia’s state oil company Petroliam Nasional (Petronas) is gearing up to issue its first dollar sukuk in almost six years, having mandated five banks to run a series of roadshows in Asia, Europe and US.

Investors poured into China Shanshui Cement Group’s $500m bond on March 4 as a more than eight times covered book helped the company end a three year hiatus from the market. But the strong reception was mostly the result of generous pricing, observers said.

Retail and institutional shareholders in OW Bunker are investigating expanding evidence surrounding the Danish oil bunkering firm’s ill-fated IPO, with a view to suing the firm’s private equity seller, Altor, and the banks and law firms that worked on the listing, including Morgan Stanley and Carnegie.

The tier two market rocketed back into action on Wednesday, with Santander Issuances and KBC Group hitting the undersupplied sector and quickly building bumper books.

China Shanshui Cement Group is making a return to the dollar market for the first time in three years, opening books to a five year non call three transaction on March 3.

Ineos, the Swiss-registered chemicals company, has set price guidance on its €750m refinancing loan in dollars and euros, slightly ahead of Tuesday’s 2pm lender call.

Campofrio Food Group, the Spanish meat processor, has brought back to the market a €500m high yield bond it pulled in November.

Mitsubishi UFJ Lease & Finance Company printed its first dollar bond of the year on Monday, managing to price it flat to the existing dollar curve due to strong demand.