Basic-Fit IPO trades down 3% after Friday IPO
Basic-Fit, the low cost gym group, made its debut on Euronext Amsterdam on Friday morning, after an IPO that was priced towards the bottom end of its range on Wednesday.
View ArticleTime Out nips on to Aim before referendum
Time Out Group, the UK lifestyle and culture magazine publisher, has priced its £90m IPO on the London Aim.
View ArticleFunding scorecard: European supranationals and agencies
Read on to see how far through their funding programmes European supranationals and agencies have progressed.
View ArticleAirbus boosts Dassault Aviation liquidity, keeps upside with €2.4bn bond/block
Investors’ thirst for stock in Dassault Aviation, the maker of Mirage and Rafale fighter jets, was evident last March when Airbus sold €1.76bn of it in a block trade. It was clear again on Thursday...
View ArticleUnit4’s €230m refi loan to test demand for software industry
Unit4, the Dutch online application provider, is marketing a €230m term loan with replies due this week, but European investors have voiced difficulty in understanding the IT sector.
View ArticleAllen & Overy teams up with Deloitte on margin rules solution
Law firm Allen & Overy and financial services firm Deloitte have collaborated on a solution aimed at helping major banks comply with regulations that are due to come into force from September and...
View ArticleEven more double-Bs for HY: Speedo’s maker and an Italian builder
Two new borrowers launched deals in the European high yield market on Monday, PVH and Salini Impregilo. Both are double-B rated, like most of last week’s deals.
View ArticleLinear callable demand heats up
The International Finance Corporation has sold a $30m June 2046 linear callable zero note, in response to a series of enquiries for the product.
View ArticleRecipharm gets Skr805m in rights issue for international growth
Recipharm, the Swedish pharmaceutical company, has completed its Skr805m (€86m) rights issue to finance its acquisition of Kemwell’s manufacturing outsourcing businesses in India, Sweden and the US.
View ArticleMærsk refreshes Norwegian funding with Nkr5.2bn including longest bond
AP Møller-Mærsk, the Danish shipping and oil company, revived its Norwegian krone bond funding today with a three tranche deal that attracted much more demand than expected, growing to Nkr5.2bn (€558m).
View ArticleSouthern Power of US turns to Europe for €1.1bn green bond
A rare event occurred in the green bond market today, when Southern Power, a US electricity generation company, issued a green bond in euros.
View ArticleLa Française de l’Energie trades down 4.5% on Paris debut
La Française de l’Energie, the French gas producer, had a bumpy ride on its first day of trading on Monday, closing 4.5% lower at €25.80, after its €37.5m IPO was priced on Friday.
View ArticleCott flashes €450m offering for Eden acquisition
Cott Corp, the US-Canadian drinks maker, will launch on Tuesday a €450m bond to support its buyout of Eden Springs of Switzerland.
View ArticleOtto brings smooth €250m seven year on an ugly Friday
Otto, the unrated German online retailer, issued a €250m bond on Friday, which a banker on it said showed the resilience of demand by private wealth management-type investors, on a day when a more...
View ArticleBarcelona draws 3,200 as global risks loom large
IMN’S Global ABS conference in Barcelona kicked off on Tuesday, with the event drawing around 3,200 ABS investors, issuers and market participants as new stumbling blocks emerge on both sides of the...
View ArticleBuyers circle CIFC as CLO consolidation set to ramp up
Two large CLO managers are looking at a potential merger or acquisition of rival CIFC, as the projected wave of manager consolidation gains steam in 2016.
View ArticleFreddie Mac to pitch CRT to EU investors
US mortgage giant Freddie Mac is set to hit Global ABS this year in a push to introduce its brand to European investors.
View ArticleBanks eye shuttered Russian RMBS market
Economic turmoil, political risk and problems in domestic RMBS have shuttered the Russian residential mortgage market to international investors in recent years. And though observers say the sector is...
View ArticleDebut PACE issuer faces regulator’s concerns
Residential Property Assessed Clean Energy (PACE) issuer Renovate America is eyeing the European green bond market with plans for a European ABS debut. Meanwhile, the Federal Housing Finance Agency...
View ArticleTwentyFour boosts ABS team with sell-side hire
TwentyFour Asset Management has recruited John Lawler, former head of European ABS sales at Nomura, as the firm adds sell-side experience to its growing platform.
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