Morgan Stanley

US interest rates are likely to rise next year. Janet Yellen dared say as much at her maiden press conference as Federal Reserve chair on Wednesday, provoking a swift rise in the Treasury curve.

Rumours of the death of one of the most enduring relationships in global mergers and acquisitions are exaggerated, says David Rothnie.

Abengoa, the Spanish engineering and renewable power group, wants to issue €400m of seven year senior notes on Friday to prefund a 2015 bond maturity.

BNP Paribas’ Frank Kwong has moved to the bank’s Tokyo office to joining Kenichi Osawa as co head of debt syndicate Japan.

Plenty Gold Enterprises raised HK$1.12bn ($143m) by reducing its controlling stake in China’s Sihuan Pharmaceutical Holdings Group on March 17.

Corporate investors are increasingly restructuring their US dollar, offshore yuan target redemption forwards following the currency pair’s move higher to 6.20 this week, a key downside barrier many of the deals were structured with.

Swiss travel agency Bravofly Rumbo launched a €120m IPO on Wednesday, as a run of IPOs jump in before the Easter break.

Crossover credits ArcelorMittal and Fiat took advantage of a strong market to sell five and seven year euro benchmark bonds on Tuesday.

The main shareholder in Monte dei Paschi di Siena sold a 12% stake in Italy's oldest bank on Tuesday.

Mexican conglomerate Grupo Alfa, owner of two well known LatAm bond issuers Tenedora Nemak and Alpek, could sell its first dollar bond by the end of the week despite officially being on a non-deal roadshow.

US listed Chinese social media company YY successfully priced a $400m equity-linked deal on its second attempt to access the convertible market, by relaxing the pricing terms and following in the footsteps of Vipshop to use Asian demand to build momentum.

Norwegian shipping fuel provider OW Bunker is set to raise Dkr3.295bn ($614m) through a Copenhagen IPO launched on Monday.