United States

Intercontinental Exchange (ICE) on Wednesday announced a spate of changes to its senior management, all due to be enacted in October, including the replacement of veteran president of ICE Futures Europe David Peniket with Stuart Williams.

US private equity firm Carlyle agreed to buy Prima Solutions on Wednesday, deploying its Europe-focused technology fund to so. European market participants say this could be the start of US sponsors growing more active in Europe.

Two more borrowers added on Tuesday to the almost €3bn of new high yield bonds already being marketed in Europe this week. But just as the market is set to surpass last year's volumes, investors have started to voice concern over low coupon levels.

The European high yield bond market returned from its summer break to €2.8bn of new bond offerings this week, including a sub-benchmark sized note from Delaware’s Kronos International on Monday.

Chinese biotech firm Zai Lab has launched bookbuilding for a $105.9m IPO of American Depository Shares (ADS), and is counting on US investors favouring start-ups to support the deal.

Zai Lab is set to kick off roadshows on Tuesday for its $150m IPO on the Nasdaq, according to a banker leading the transaction.

A record-breaking month of high-grade dollar bond supply fizzled out as Hurricane Harvey, North Korea and the holiday season kept a firm lid on issuance.

Best, a logistics firm backed by Alibaba, started pre-marketing its $1bn IPO on the New York Stock Exchange this week, as a clutch of Chinese issuers also filed listing applications in the US.

ING has reshuffled its line-up of syndicated finance bankers, creating a new European regional head role while relocating its global head from London.

Europe's corporate bond market was firing on all cylinders on Wednesday. Three issuers launched deals, while others continue to fill up next week’s issuance pipeline.

The bookrunners on logistics company Best’s potential $1bn US IPO have kicked off pre-marketing, according to a banker working on the deal.

Chinese e-commerce luxury products retailer Secoo Holding is gearing up for a Nasdaq IPO that will be worth around $100m.