ING Barings wins junk bond mandate from Petroplus

ING Barings has broken into the mainstream high yield new issue market having won its first mandate to manage a junk bond from a Western European company.

Petroplus, a Dutch oil products group, has appointed the bank to manage a €150m bond which will have a 10-year maturity. ING Barings' previous high yield mandates have come from companies in Central and Eastern Europe, mainly thanks to the bank's strong emerging market debt franchise.

WSJ Logo
JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions