Slovakia Všeobecná úverová banka (VUB) set for 10 year sale
After a successful sale of €250m of seven year covered bonds in January, the Republic of Slovakia’s largest issuer, VUB, is now preparing for a 10 year sale, where it expects to issue €250m covered...
View ArticleYear's biggest IPO for Galenica Santé gets 'out of control' book
The year's biggest IPO so far in EMEA has also proved one of its most successful. Galenica Santé, the Swiss pharmacies group, attracted over 1,000 investors, priced at the top of its range and rose 10%...
View ArticleInvestors buy Cryan's return on equity pitch in €8bn Deutsche rights
Deutsche Bank has successfully completed its fourth capital raising since the financial crisis, as investors backed CEO John Cryan's turnround plan with a 98.9% take-up rate.
View ArticlePACE in crosshairs of GOP lawmakers
Republican senators Tom Cotton, Marco Rubio and John Boozman introduced legislation targeting the Property Assessed Clean Energy (PACE) program this week, which they say is aimed at protecting...
View ArticleCroatia takes charge of Agrokor’s restructuring
The Croatian government has followed up on its new law, designed to handle Agrokor’s debt crisis, by appointing an “emergency management commissioner” and overriding plans for the restructuring drawn...
View ArticleUnédic and Austria hit screens for euros
Unédic and Austria have announced that they will sell euro benchmarks at the long end of the curve on Tuesday.
View ArticleLatest CMBS prices, as US buyers skew away from retail exposures
Bank of America Merrill Lynch, Wells Fargo and Morgan Stanley priced a $1bn CMBS conduit deal at the end of last week, as investors steer towards bank originated assets and away from seasoned deals...
View ArticleTelenor cuts Veon stake with $250m block after Amsterdam listing
Telenor, the Norwegian telecoms company, sold a 4% stake in Veon, the Russian telco formerly called VimpelCom, for $262.5m through a block trade conducted after the US market close on Thursday evening.
View ArticleCiti hires Credit Suisse's Francis to co-head EMEA levfin
Citi has appointed a new head of global capital management for EMEA, new co-heads of EMEA loans and hired a new co-head of leveraged finance EMEA, as it reorganises its leveraged finance and loans...
View ArticleGestamp, Farmafactoring shares hold up after weak debuts
Shares in Gestamp Automoción and Banca Farmafactoring, which had performed poorly on their first day of trading after their IPOs on Friday, steadied on Monday, providing relief to equity capital...
View ArticleICE starts clearing for financial single name CDS
The Intercontinental Exchange (ICE) has introduced clearing on credit default swaps for US and European financial stocks.
View ArticleDerivative exchange volumes pop up in March
Volume figures released by the majority of the major derivative exchanges for the month of March showed increased activity, with interest rate products driving volumes.
View ArticleLCH appoints internally for chief operating officer role
The LCH Group has appointed Daniel Maguire as its next chief operating officer.
View ArticleRhode Island Student Loan Authority sells latest SLABS deal
A tax exempt student loan ABS deal issued by the Rhode Island Student Loan Authority was priced on Friday, with a large real money account said to be a major investor in the transaction.
View ArticleMoody’s downgrades Agrokor again, warns of bond subordination
Moody’s has cut Agrokor’s rating from Caa1 to Caa2, a mere fortnight after lowering it from B3, as the possibility of default rises.
View ArticleWould you have rigged Libor too?
The Bank of England has been dragged back into the mire of Libor-rigging investigations, after the BBC found tapes of Barclays traders referring to "pressure from the UK government and Bank of England"...
View ArticleUnédic and Austria brush off French election worries
Wobbles in eurozone government bond secondaries this week failed to deter a strong showing from a pair of public sector issuers in primary on Tuesday. Unédic found strong demand and tightened from...
View ArticleFunding Circle to stop property lending
UK based online lender Funding Circle will stop lending for property development by mid-2018, it said on Monday, as it looks to expand its core small business lending product to new international markets.
View ArticleDebt: just what the doctor ordered?
The NHS, frustrated by a lack of funding and a mounting backlog of maintenance, is seeking a capital injection from wherever it can find it. The government must swallow its balance sheet concerns and...
View ArticlePE firm Black Toro backs Spanish ice cream merger
Private equity firm Black Toro Capital has invested €40m to finance an acquisition by a private company that will create Spain's largest ice cream maker.
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