Morgan Stanley

Nigerian oil and gas firm Seven Energy is returning to the bond market after postponing a deal in late July, this time in a stronger position with commitments from two supranationals. It bodes well for a deal that a pack of prospective Africa corporate borrowers will be watching carefully, said bankers on the deal.

After slipping in the first two days of this week, Alibaba Group’s shares rebounded on Wednesday to close at $90.57 per share. While this is up 3.9% on the previous day, it is still 2% lower than where the Chinese e-commerce company's stock opened on its debut on the New York Stock Exchange last week to become the largest IPO in the US.

Oil rig maker Honghua Group made its inaugural issue in international markets on Thursday, September 18. Having opted for the Reg S /144A format to tap into the US investor base, the Chinese company pulled in an impressive $1.4bn order book for the $200m five year non call paper.

Japanese brewer Suntory Holdings left a solid footprint in the dollar market with its inaugural issue on Wednesday. With books for the RegS/144A $1bn dual tranche issue already covered during Asia trading hours, dealers proceeded to push final pricing 20bp tighter than where investor feedback came in.

Japanese brewer Suntory Holdings’ chances of pricing its first dollar bond are looking good with books for a $1bn dual tranche offering already covered by Asian investors on the afternoon of September 24.

Morgan Stanley is set to extend its euro curve on Tuesday afternoon, selling a long eight year benchmark, the only euro denominated senior deal so far this week. The trade is drawing good demand despite bankers expecting it to yield less than 2%.

Japan’s Suntory Holdings has mandated six banks for what would be the company’s inaugural dollar deal. The brewer and distiller is looking to make a dual tranche dollar issue.

Oil rig maker Honghua Group made its inaugural issue in international markets on Thursday. Having opted for the Reg S /144A format to tap into the US investor base, the Chinese company pulled in an impressive $1.4bn order book for the $200m five year non call paper.

Alibaba Group’s mega IPO was always going to be a game changing deal. Nearly one year in the making, the $21.8bn listing has broken multiple records and put Chinese companies in the limelight. With its shares due to start trading on Friday, how the deal performs in secondary will affect equity markets far and wide, writes Rashmi Kumar.

The Republic of Turkey broke new ground this week with its ¥100bn 10 year Samurai — the first JBIC guaranteed bonds that incorporate a principal-only guarantee.

China’s Honghua Group opened books for its debut international bond on Thursday. The oil rig maker is offering a five year non call three dollar bond.

Hong Kong insurer FWD issued its debut international bond on Wednesday, September 17. Offering a Reg S 10 year dollar deal capped at $325m, the borrower received an enthusiastic response and was able to price the paper without a new issue concession.