Saipem banks on edge as €3.5bn rights issue leaves €427m hanging
Saipem, the Italian oil and gas engineering group, announced late on Thursday evening an 87.8% take-up for its €3.5bn rights issue, leaving the underwriters potentially on the hook for up to €427m. In...
View ArticleRMB round-up: February 12, 2016
Happy Year of the Monkey from GlobalRMB. In this round-up, the Singapore Exchange and the Moscow Exchange see sustained activity in RMB spot and derivatives contracts in January 2016, KraneShares plans...
View ArticleMalaysia's EPF goes clubbing for £140m
Two lenders are financing a club loan of close to £140m ($202.8m) for a subsidiary of the Employees Provident Fund of Malaysia.
View ArticleKRX lays timeline for IPO in 2016 strategy
The Korea Exchange has published a business plan outlining what it hopes to achieve this year, including preparing for its own IPO.
View ArticleBSE picks Edelweiss as lead on IPO
The Bombay Stock Exchange (BSE) has tapped Edelweiss Financial Services as the lead underwriter for its IPO in India that could raise as much as $200m at the end of the year.
View ArticleBaring Asia seeks $400m for Interplex acquisition
A group of banks is firming up a $400m loan to back Baring Private Equity Asia’s bid for precision mechanical parts maker Interplex Holdings.
View ArticleBad week? Not for Tritax Reit, as capital raise grows to £200m
Tritax Big Box Reit, a UK logistics real estate investment trust, closed a £200m follow-on capital raising on Friday morning, having increased the deal from a £100m-£150m range.
View ArticleFriday feast as three corporate bond issuers hit market as stocks rally
As European equities rebounded on Friday from dismal trading on Thursday, there was a glimpse of the pent-up demand to issue corporate bonds, as three issuers launched deals, led by United Technologies...
View ArticleTelenet draws on loans for Base purchase
Belgian telecommunications company Telenet, which is owned by Liberty Global, has drawn on €1.2bn of loans to fund the €1.325m acquisition of Belgian mobile operator BASE.
View ArticleEnterprise Inns’ £350m bond caught in high yield mudslide
A day after UK pub company Enterprise Inns showed a strong start to the year in a trading update, equity investors backed the credit, but its unsecured notes due 2018 kept sliding down in a market hit...
View ArticleCountryside trades up after IPO, but can market stay open?
Countryside Properties traded up 4.4% in London on Friday, after completing an initial public offering that valued it at just over £1bn. Bookrunners said its business regenerating public sector land...
View ArticleSecondary pricing update: featuring Italy's €9bn March 2047
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 ArticleUK DMO selects syndicate and tenor for Gilt
The UK Debt Management Office has mandated banks for the sale of a Gilt set for the week beginning February 22.
View ArticleDeutsche's shares shoot on buyback offer
Deutsche Bank’s shares jumped 10% on Friday, after the bank launched a tender offer for over $5bn in senior unsecured bonds.
View ArticleLeeds University braves volatility to clinch tight NIP with debut bond
The University of Leeds kept the UK higher education sector’s run of activity in capital markets this year going at a healthy pace on Friday, as it grabbed a window of stability to print its debut bond.
View ArticleNewStar prices third CLO of the year
NewStar Financial has priced the third CLO of the year, a $348m middle market deal backed by a portfolio of SME loans.
View ArticlePoor sentiment weighs on RMBS mezz spreads
Kensington Mortgage Company’s second ‘near prime’ deal from its Trinity Square shelf was priced last Friday. While the spread on the senior tranche held firm compared to the first deal, the mezzanine...
View ArticleSaipem banks cheered by rise in share price today
Saipem's share price rose 13.7% on Monday morning, bringing some relief to bookrunners on the firm’s rights issue, which are facing up to€427m of exposure to its shares. By the end of the day, however,...
View ArticleGlobalCapital Asia/Asiamoney Best Country Deal Awards 2015: Results
It may have been one of the tougher years to execute a transaction in Asia ex-Japan, but there was plenty of innovation and interest in 2015 across loans, equities and bonds. After considering a bumper...
View ArticleChina Oriental raises tender price for buy back
China Oriental Group has increased the tender price on its offer to repurchase all or a portion of its dollar-denominated bonds.
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