Permira exits Telepizza in €52m ABB, way below float price
Permira has offloaded the rest of its shares in Telepizza, the Spanish pizza delivery company, just over a year after the company’s troubled €550m IPO in April 2016.
View ArticleA valid case for covered bond harmonisation
The benefits of covered bond harmonisation far outweigh the costs, according to an independent report undertaken on behalf of the European Commission and published on Friday.
View ArticleSibanye Gold brings R13.5bn rights offer for Stillwater acquisition
A sell-off of shares in Sibanye Gold, one of the largest South African gold mining companies, entered its second day on Friday after the company unveiled terms for a highly dilutive R13.5bn ($1bn)...
View ArticleAvaloq launches loans for Warburg investment
Avaloq, a Swiss fintech firm, has launched Sfr410m-equivalent of loan facilities, backing Warburg Pincus’s 35% investment in it, which values it at over Sfr1bn.
View ArticleSparebanken Sør Boligkreditt set to issue
Sparebanken Sør Boligkreditt finishes its roadshow on Friday and is expected to issue a €500m deal early next week said leads. Banco Comercial Portugues and Rabobank also finish their roadshows on...
View ArticleMunters sparkles on day one after Skr4bn IPO
Shares in Munters, the Swedish climate control systems group backed by Nordic Capital, traded as much as 26% above their offer price on Friday after they began trading on Nasdaq Stockholm after its...
View ArticleFunding scorecard: French agencies
This week's funding scorecard looks at the progress French agencies have made in their funding programmes this year.
View ArticleSecondary pricing update: featuring EIB's first ever dual tranche
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
View ArticleAvaloq releases price guidance as Verallia hits 300bp
Swiss fintech firm Avaloq has released price guidance on its Sfr410m-equivalent of euro loans, backing Warburg Pincus’s minority investment at a valuation of over Sfr1bn. It follows French packaging...
View ArticleBooks over $5.2bn for Oman
Oman’s debut sukuk was storming to success by lunchtime on Monday with books for the seven year note hitting $5.2bn.
View ArticleIBA sets out stall for debt restructuring
International Bank of Azerbaijan has asked investors to agree to a restructuring of its balance sheet that will see the exchange of its outstanding bonds for new sovereign debt, and a limited amount of...
View ArticleCoal miner Suek secures Russia’s third PXF this year
Russia’s largest coal producer Siberian Coal Energy Company (Suek) has signed a five year $1bn pre-export finance facility, the third deal of its kind from the country this year.
View ArticleSantander readies Swiss for TLAC trades
Santander effectively opened the Swiss market for senior non-preferred notes on Tuesday. The Spanish bank debut offer attracted Sfr400m ($411.4m) worth of interest –– encouraging for a market looking...
View ArticleKershaw returns with non-exec role
ICG’s previous head of credit fund management Dagmar Kent Kershaw has taken a new role in the investment sector, following a sabbatical after leaving ICG last June.
View ArticlePeripheral banks eye open doors in tier two
Italy’s BPER Banca attracted "a lot of attention" for a new tier two on Tuesday, helping to encourage Spain's Banco de Credito Social Cooperativo to mandate for a deal of its own.
View ArticleS&P bumps Brazil to negative watch
S&P became the first ratings agency to react to the latest corruption scandal in Brazil on Monday, but some large investors already think the market has overreacted to the news.
View ArticleBCP returns to hot covered bond market with €1bn deal
Banco Comercial Portugues returned to the covered bond market after an eight year absence on Tuesday, selling a €1bn five year deal.
View ArticleAIIB recruits IADB’s Stipe as head of treasury strategy
The Asian Infrastructure Investment Bank has announced a new head of treasury strategy, the latest hire in its recruitment drive.
View ArticleAl Baraka breaks new ground with first ever double-B Gulf bank deal
Strong support from regional investors helped Bahrain’s Al Baraka Banking Group achieve substantial price tightening for the first ever bond issue from a non-investment grade Gulf bank on Tuesday.
View ArticleEgypt on track with triple tranche tap
Arab Republic of Egypt hit the screens on Wednesday morning with a much touted re-opening of its 2022, 2027 and 2047 bonds.
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