Morgan Stanley

Bond investors are hoping for a flood of US supply in the coming weeks as companies emerge from earnings blackout following a disappointing start to the year.

Advanced Computer Solutions, the UK software and IT services provider, has widened pricing on the dollar tranches of its £498.5m acquisition loan, in response to weak market conditions in the US.

Sino-Ocean Land Holdings has finally ended the drought of Chinese property bonds with a dual tranche five and 12 year offering on January 28. But despite the success of the deal, bankers are sceptical that a wave of developers will follow in its steps.

Jasmine Broadband Internet Infrastructure Fund, a spin-off from Thailand’s Jasmine International Public Co, will start bookbuilding for institutional investors on its Bt36.67bn-Bt38.50bn ($1.12bn-$1.17bn) IPO on February 4. The retail tranche opened on Wednesday.

Chinese property developer Sino-Ocean Land Holdings is looking to become the first from the much maligned sector to tap the international bond market this year, opening books to a dual tranche offering on January 28.

The senior market was back in flow on Tuesday after a brief hiatus at the start of the week as market participants evaluated the results of the Greek election. A Syriza victory in the election was not enough to dull demand for FIG paper, with both Morgan Stanley and Rabobank drawing large order books for long dated deals.

Chinese biotech company 3SBio, which was listed on the Nasdaq, is making a return to the equity capital markets, this time with a listing in Hong Kong.

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.