Morgan Stanley

Rival bankers are suggesting that the mandate for the Ukraine US-AID backed deal may be a poisoned chalice for JP Morgan and Morgan Stanley's EM bond businesses if a resurgence of Russian issuance comes sooner than is widely expected.

South Korean oil refiner GS Caltex will be meeting with investors over the next two weeks after for a proposed dollar issue.

Bond investors are expecting Mexican construction company Empresas ICA to receive a strong response for a planned new bond after the company posted improved first quarter results.

Five FIG issuers took to the subordinated markets to take advantage of months of undersupply this week, with the results highlighting not just the feverish grab for yield but also just how far banks have come since the crisis of 2008 in building their capital levels.

Yankee banks returned to the dollar fray with opportunistic trades from Barclays and Westpac, with the UK bank mirroring a recent trend in euro deals by printing a long dated bond.

Ukraine is pricing a $1bn US government guaranteed bond via JP Morgan and Morgan Stanley, according to two DCM officials away from the deal.

Matalan Finance, the parent company of British clothing retailer Matalan, today announced its intention to launch £492m of senior secured notes.

The senior market experienced an explosion of activity on Tuesday following a quiet opening to the week, with three issuers taking to the belly of the curve to sell euro denominated deals. The five year area of the curve is expected to see more activity later in the week, as investors abandon the short end in search of yield.

LatAm bond investors say prospects are looking up for the struggling Brazilian sugar and ethanol sector as the astonishing performance of Tonon Bioenergia’s latest bond issue promises improved market access for its peers. GVO may soon become the next company in the country and sector to issue to refinance debt, say investors.

Maoye International Holdings priced its debut dollar bond on Monday, its third attempt to sell an international deal. With the right timing and careful guidance by dealers, the bond crossed the line with orders of $1.1bn for the $300m offering.

China’s Tianhe Chemicals Group started talking to investors in regards to a Hong Kong IPO on May 12, which could be worth around $1bn, according to bankers on the trade.

Singapore-listed real estate firm Frasers Centrepoint is planning to seek shareholders approval for a hospitality real estate investment trust that could be worth around $500m later this month.