Morgan Stanley

Morgan Stanley is in the final development stages of its swap execution facility agency service and should launch the platform in the coming months.

The US FIG market returned to normality after the deluge of the previous week’s supply subsided.

Europe’s corporate bond market delivered on bankers’ and investors’ hopes this week, as issuers belted out €13.2bn of deals, pushing this week — by a €20m margin — into the top 10 of the market’s busiest weeks ever.

Emirates NBD sold a $500m tier one perpetual non-call six bond on Wednesday. It was priced flat to the borrower’s existing Basel II compliant note but bankers away from the deal said that it looked to have struggled throughout the execution process.

The senior FIG market enjoyed a barnstorming week in euros. A combination of a positive market tone following last week’s European Central Bank meeting and high levels of cash at investment houses allowed issuers to rack up large order books while pricing at competitive levels.

The investment grade market was a story of the haves and have-nots as investors showed signs of fatigue amid a deluge of supply.

China's Alibaba Group has thrown open its long awaited $21.13bn New York IPO, with a deal that is likely to be not only the biggest US listing ever but could also break the record for the biggest IPO globally.

Pelindo III eyes maiden dollar bond — Indonesia's MPM seeks debut — Tata Comms looks to tackle dollar inaugural — FWD picks five for roadshows — IFC mandates three for dim sum — Honghua seeks international debut

Emirates NBD sold a $500m perpetual bond on Wednesday. The bond priced flat to the borrower’s existing Basel II compliant note. However, bankers away from the deal said that it looked to have struggled throughout the execution process.

Oil rig maker Honghua Group is looking to make a debut in international markets. The Chinese company will be kicking off investor meetings for a proposed Reg S/144A dollar offering this week.

The Republic of Turkey firmed price guidance for its 10 year JBIC-backed Samurai at 27bp-31bp over yen swaps on Tuesday morning.

Emirates NBD announced on Tuesday a new tier one perpetual offering. However, the bond will not be Basel III compliant and therefore will not have a point of non-viability (PONV) feature.