Morgan Stanley

Ian Gilday will join Morgan Stanley as co-head of EMEA leveraged finance in the summer, after gardening leave.

Thursday is set to see the first senior unsecured supply of the week, with two euro deals expected to price in the afternoon. Sparebank 1 SR-Bank is selling a seven year benchmark while UniCredit is set to price a three year floater.

The world’s largest pork processing company has launched its jumbo IPO with a 28-strong syndicate. The size of the group has attracted plenty of comment in the market, but even bankers on the deal concede that it could lead to disagreements, particularly as the valuations of comparables are so diverse.

UBS has appointed Paul Au and Patrick Liu as co-heads of Asia DCM, finally filling a role left empty by the departure of Guy Wylie in June 2012.

Morgan Stanley Private Equity Asia reduced its stake in China’s Sihuan Pharmaceutical, raising HK$1.12bn ($145m) on April 2, two weeks after the company’s senior management raised a similar amount via a another transaction.

AVIC International Finance and Investment made a solid return to the dim sum market on Wednesday night with an Rmb1.5bn ($243m) three year deal.

Beijing based company Cheetah Mobile Inc., formerly known as Kingsoft Internet Software Holdings, has filed with the US regulator for a $300m spin-off.

Mired in a sovereign debt court case, Argentina has not been well known for its ability to maintain good relationships with the capital markets in the past decade. But investors praised state-owned oil company YPF’s way of befriending investors after its third international bond in just over six months showed that its borrowing costs were plummeting.

AVIC International Finance and Investment is back in the dim sum market with a three year deal, which is due to price later on Wednesday.

Morgan Stanley’s former head of China debt capital markets, Vivien Gui, has joined Deutsche Bank, GlobalCapital Asia understands.

Shenzhen based lingerie manufacturer Regina Miracle International is lining up an IPO for the second half, making it the second Victoria’s Secret supplier to attempt a Hong Kong listing this year.

The world’s largest pork processing company has launched its jumbo IPO with a 28-strong syndicate, which could results in some disagreements, particularly as the valuations of comparable companies are so diverse, said bankers on the trade.