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Indonesia’s Bumi Serpong Damai managed to price its first international on Monday but was hampered by a long past default by one of its sister companies. Bankers say the issuer could have done better in terms of pricing and size had it not been for investor concerns about the ownership risk.

Daiichi Sankyo Company has exited from India’s Sun Pharmaceutical Industries in a jumbo Rp200bn ($3.2bn) block trade, pricing one of the largest ever ECM deals in the country. An extensive wall-crossing process over the weekend helped pave the way for the transaction’s execution, which saw a roaring finish despite turbulent market conditions.

Morgan Stanley has delivered its best quarterly figures since the onset of the financial crisis, driven by strong equities and fixed income performance.

Investors were sanguine about Kaisa Group Holdings becoming the first Chinese property company to default on its offshore default on this week, with the expected news barely creating a ripple in secondary markets.

Investors piled into Southern Copper’s 10 and 30 year bonds on Monday in what a banker on the deal said was only the second new issue from a metals and mining credit in any markets so far this year.

Focus Media has signed a loan of $1.4bn with a club of three banks ahead of a proposed A share listing. The company has also prepaid lenders that participated in a $1.525bn leveraged buyout loan it raised in 2013.

The overall credit default notionals and trade counts reported to swap data repositories last week increased 33% and 37%, respectively, compared to the same week last year, according to data from the International Swaps and Derivatives Association.

Progroup, the German family-owned container and corrugated board producer, on Monday announced its debut high yield bond, part of a €525m refinancing deal that includes €125m of PIK toggle notes.

The IPO of Integrated Diagnostics Holdings, a firm that offers diagnostic services and radiology in Egypt, Jordan and Sudan, is covered at the full deal size, Deutsche Bank said on Friday April 24.

Euro issuance by US companies has slowed since mid-March, as many have been in earnings blackouts. However, after General Mills' deal on Monday, bankers expect US issuers to return, but at more modest levels than in February.

ZF Friedrichshafen, the German car parts maker, sold its first bond on Monday, raising €2.25bn at yields under 3%, in a market supportive of its expansion strategy.

A Conservative government would launch a retail sale of Lloyds Bank shares within a year of the general election, chancellor of the exchequer George Osborne has declared.