Morgan Stanley

Two clear-out block trades are being conducted this evening, after a third strong day in a row for European equities.

The bookbuild began today for the Spanish government's flotation of 49% of Aena, one of the largest airport operators in the world, in a deal that could top €4bn at the top end of the price range.

KKR, the US private equity firm, surprised the UK equity markets on Thursday morning as it announced its takeover of Trainline.com, the train ticketing website that had a fortnight ago expressed its intention to float in London.

Angus Chemicals, the US chemicals producer, is closing books on its $505m leveraged loan, the first of the year, having made a small shift in favour of euros on the crossborder transaction.

KKR, the US private equity firm, surprised the UK equity markets on Thursday morning as it announced its takeover of Thetrainline.com, the train ticketing website that had a fortnight ago expressed its intention to float in London.

While US borrowers dominated senior unsecured issuance this week, Dutch lender NIBC Bank was also able to return to the euro senior unsecured market after an absence of almost three years.

Colombia priced a long-dated dollar trade on Wednesday, a $1.5bn 30 year that followed the Dominican Republic's 10s and 30s dual trancher on Tuesday. A focus on price over size enabled Colombia to achieve its lowest ever coupon for a 30 year and although some investors felt pricing was tight, demand was over $5bn.

Colombia priced the Latin America's second long-dated dollar trade on Wednesday, following the Dominican Republic, with a $1.5bn 30 year. Borrowers are rushing to lock in long-dated borrowing costs before the US raises rates.

Goldman Sachs has promoted investment banking veteran Stephen Wong to the newly created role of chairman of IB for Hong Kong.

The world’s largest utility State Grid Corp of China issued its first euro-denominated bond on January 19, with a €1bn ($1.2bn) deal comprising seven and 12 year notes.

Bancassurer FirstRand on Tuesday sold 102m of its shares and 23.8m shares of its affiliate, the insurer MMI, in an oversubscribed accelerated bookbuild.

Chinese snackfood maker Hubei Zhouheiya Food, backed by private equity firms Tiantu Capital and IDG Capital Partners, plans to raise $500m in an IPO in Hong Kong.