Morgan Stanley

The US investment bank has earned its place at the top of Europe’s M&A rankings but faces rising competition from boutiques and threats from clients who are increasingly trying lure leading rainmakers away. David Rothnie reports.

Institutional investors’ appetite for European leveraged loans may have passed its peak, after a second term loan ‘B’ in quick succession failed to attract the expected support this week, writes Ross Lancaster.

Redco Properties Group, the Chinese residential property developer, is meeting fixed income investors this week. Should a deal follow, it will be the borrower's first ever bond.

Odebrecht’s oil and gas arm reopened recently issued perpetual notes on Tuesday, taking advantage of a strong market to raise another $150m in an opportunistic trade.

DE Master Blenders, the Dutch coffee company, has shifted €1bn of its €7.5bn acquisition loan out of term loan 'B's and into an extra term loan 'A', as bank demand has proved stronger than expected, even outstripping that from institutional investors.

Peruvian government-owned development bank Corporación Financiera de Desarrollo (Cofide) is starting a roadshow on Monday ahead of a planned senior and subordinated bond issue.

One week after unveiling the identities of its partners, Alibaba is back in the spotlight once again with another piece of update to its jumbo IPO. The e-commerce giant has finally chosen the New York Stock Exchange as the home for its American Depositary Shares under the ticker symbol "BABA".

Two Taiwanese lenders and one Hong Kong lender are set to provide the first set of commitments for Chinese real estate company Franshion Properties’ HK$4bn ($516m) loan, which opened to the market in May.

A merger of the coffee businesses of DE Master Blenders and Mondelez International, backed by €7.5bn of debt, could take up to 12 months to complete, prompting some investors to question whether returns on financing the deal are worth the wait.

A merger of the coffee businesses of DE Master Blenders and Mondelez International backed by €7.5bn of debt could take up to 12 months to complete, prompting some investors to question whether returns on financing the deal are worth the wait.

Cosmo Lady (China) Holdings’ HK$1.46bn ($189m) Hong Kong IPO was well received by investors, with the institutional tranche ending up multiple times oversubscribed. But it was the strong showing by retail that really caught the eye, with 15 times coverage triggering the first clawback level.

Jinmao Investments and Jinmao (China) Investment Holdings, a business trust carved out of Franshion Properties, raised HK$3.21bn ($414m) on June 25 by pricing its IPO at the bottom of its indicative price range. A weak real estate sector led to the low pricing, but bankers are viewing it as a successful transaction.