Morgan Stanley

Eltel Networks, the Swedish company that provides technical services for power, communication and transport networks, is set to price its IPO on Friday morning, having closed the book at noon London time on Thursday.

Eltel Networks, the Swedish company that provides technical services for power, communication and transport networks, is set to price its IPO on Friday morning, having closed the book at noon London time on Thursday.

Equity block trade activity picked up in Europe this week, though bankers still think it can get busier, as companies emerge from blackouts in the coming weeks.

Isolux Corsán, the Spanish energy and construction firm, pulled its €600m IPO on January 29, in the first blow to what has been Europe’s strongest ECM region so far this year.

Jasmine Broadband Internet Infrastructure Fund has priced Thailand’s first big IPO of the year — and the Kingdom’s largest listing since December 2013 — at the bottom of the range, raising Bt36.67bn ($1.13bn).

HDFC Bank was set to price a blockbuster Rp100bn ($1.6bn) trade on the evening of February 5, with bankers expecting investors to fork out money at the tightest possible discount for the second Indian ECM transaction of more than $1bn to hit the market in the past week.

Three block trades are in the market, as secondary placement activity remains busy. The most exotic of the trades is for Sergey Galitsky, founder of the Russian retailer Magnit, who is selling up to 1m shares in the business – apparently to finance improvements to the stadium at his football team, FC Krasnodar.

Eltel Networks, the Swedish company that provides technical services for power, communication and transport networks, will close the book for its IPO at noon London time tomorrow.

Jasmine Broadband Internet Infrastructure Fund has priced Thailand’s first major IPO of the year and the Kingdom’s largest listing since December 2013 at the bottom of the range, raising Bt36.67bn ($1.13bn).

German rented housing company Deutsche Annington has syndicated a €6.25bn bridge loan for its takeover of Luxembourg-based rival Gagfah. It is the largest real estate facility since 2008, according to Dealogic, but DA may only need a fraction of the facility.

HDFC Bank’s Rp100bn ($1.62bn) share sale looks poised to be a roaring success even though the deal has yet to formally launch, with bankers on the trade saying they already have enough visibility to take the book to multiple times covered.

Export Import Bank of Korea (Kexim) returned to the Formosa bond market with a dual tranche offering this week, about a year after its debut in Taiwan. On Monday Kexim priced a Rmb300m ($48m) five year tranche at 4.05% and a Rmb500m seven year tranche at 4.20%, two sources told GlobalRMB.