Exane BNP Paribas makes senior hires to push cash equities
BNP Paribas, which hired a new head of equity capital markets earlier this week, has also hired two senior bankers in its cash equities business and revealed the destination of its outgoing head of ECM.
View ArticleBXR-Bakala vehicle exits Ferrexpo through £126m ABB
Shares in Ferrexpo, the Swiss-headquartered iron ore producer active in Ukraine, rose 3.3% on Friday morning after Wigmore Street Investments sold its entire 13.2% stake through an accelerated bookbuild.
View ArticleXella cuts proposed HY deal to build loan offering
German building materials maker Xella has cancelled a proposed €350m high yield bond issue, adding that amount to its €1.15bn term loan ‘B’ offering, which backs Lone Star’s $2.3bn buyout of the firm.
View ArticleOaktree sells 10% of Countryside Properties in first block since IPO
After a moderate recovery in the value of many UK property stocks since their post-EU referendum slump, Oaktree Capital took the opportunity on Thursday night to sell 10% of Countryside Properties, the...
View ArticleDemand for covered duration returns, despite rates volatility
This week’s three piece covered bond issue from Crédit Agricole showed considerable demand for long dated covered bonds. Though rates volatility and relative value may have deterred some investors, the...
View ArticleFunding scorecard: Supranationals
This week's funding scorecard looks at the funding progress supranationals have made in their funding progress by the end of January.
View ArticleBAT adds sterling revolver to Reynolds deal
British American Tobacco has obtained a £5.68bn revolving credit facility, in addition to the $25bn acquisition loan it agreed earlier this month with an 18 strong bank syndicate.
View ArticleDiös Fastigheter raises Skr1.9bn to buy Castellum buildings
Shares in Diös Fastigheter, the Swedish property company, closed 4.5% higher on Thursday after it completed its Skr1.85bn ($209m) rights issue to partly finance the acquisition of a portfolio of mainly...
View ArticleHSBC cuts start to hit DCM
HSBC's planned cuts to its investment bank have started to hit its debt capital markets division, with senior bankers in public sector and FIG origination placed at risk.
View ArticleRights issue importantissimo as UniCredit warns on capital, NPLs
UniCredit underscored weaknesses in its balance sheet and capital position on Monday, issuing investors with a series of warnings ahead of its planned €13bn rights issue.
View ArticleEBA and ESM push for public bad loans scheme
The chair of the European Banking Authority called on Monday for the establishment of an EU-wide 'asset management company' to deal with non-performing loans, during a seminar held at the European...
View ArticleTP ICAP makes data push with first buyout
TP ICAP, the firm arising from the recent merger of Tullett Prebon and ICAP, has made its first acquisition with the addition of Burton-Taylor International Consulting to its data and analytics division.
View ArticleRenoNorden rises 6.4% after launching Nkr350m rescue rights issue
Shares in RenoNorden, the struggling Norwegian waste management company, closed 6.4% higher on Monday after it launched a highly dilutive rights issue to avoid breaking its debt covenants after losses...
View ArticleUnilever turns ‘aggressive’ on sterling return
Anglo-Dutch consumer goods group Unilever on Monday issued its first sterling bond in three years aiming for opportunistic pricing that shunned the demands of more exigent investors.
View ArticleRMBS spreads closest to covereds since ECB launched purchase programmes
Research from JP Morgan ABS and covered bond analysts show generic European ABS spreads in Italy, Spain and the Netherlands trending closest to covered bonds spreads since the European Central Bank...
View ArticleAmundi wins shareholder approval for €1.4bn rights issue
Shares in Amundi, the French asset manager, fell 1% on Monday after its shareholders gave near-unanimous approval at an extraordinary general meeting to its €1.4bn capital increase to partly finance...
View ArticleTLG Immobilien launches €120m primary block
This evening, TLG Immobilien, the German real estate company, has launched a 10% capital increase to finance the acquisition of more retail and office properties in Germany. Photo: TLG IMMOBILIEN
View ArticleUS CLO managers push refi wave as primary stalls
US CLO managers are refinancing a glut of vintage deals, as they take advantage of growing demand to shave liability costs off of older transactions at the expense of the primary market.
View ArticleFalcon aircraft deal swoops into ABS primary
A $410m aircraft securitization from Middle Eastern leasing company Dubai Aerospace Enterprise is in the pipeline, making it the first aircraft ABS deal to come to market in 2017.
View ArticleESMA warns on derivs trade data transfer
The European Securities and Markets Authority wants to standardise the way that trade repositories and market participants transfer data on derivatives obligations, having warned that problems could...
View Article