Friday, December 30, 2016
Bankers cautious on outlook for global equity deals after 2016 slide
more than a quarter in 2016, data showed on Friday, hit by
geopolitical shocks and a string of failed initial public
offerings (IPOs), with the outlook for 2017 looking shaky.
Read more
Thursday, December 29, 2016
INSIGHT-How JPMorgan could not save Italy's problem bank
former Italian Industry Minister Corrado Passera was travelling
in a high-speed train towards the medieval city of Siena, racing
to meet the directors of the world's oldest bank to present them
with a rescue plan.
Read more
Monday, December 26, 2016
INSIGHT-How JPMorgan could not save Italy's problem bank
former Italian Industry Minister Corrado Passera was travelling
in a high-speed train towards the medieval city of Siena, racing
to meet the directors of the world's oldest bank to present them
with a rescue plan.
Read more
Friday, December 23, 2016
Italian family firms take direct route in quest for better returns
fed up with a stagnant economy and meagre returns on their cash,
are ditching their extended circle of financial advisers and
striking out on their own.
Read more
Thursday, December 22, 2016
Deal-making to drive 2017 Middle Eastern banking fee fest
banking fee bonanza should extend into 2017, spurred by a
combination of bond and share sales and mergers and acquisitions
as the region adjusts to lower oil prices, bankers say.
Read more
Tuesday, December 20, 2016
Kuwait's Warba Bank picks nine to arrange $250 mln capital sukuk - sources
mandated nine banks to arrange an Islamic bond, or sukuk, of up
to $250 million that will boost its capital reserves, banking
sources aware of the matter told Reuters on Tuesday.
Read more
BRIEF-Old Mutual says raises $291 mln from OM Asset Management share sale
underwritten public offering of 14.95 million of its ordinary
shares.
Read more
Monday, December 19, 2016
UPDATE 1-BP strikes deal for 10 percent stake in Abu Dhabi's ADCO concession
Western oil major to renew a 40-year onshore concession in Abu
Dhabi on Saturday after almost two years of negotiations to
improve terms to help operate the United Arab Emirates' biggest
oilfields.
Read more
Saturday, December 17, 2016
Ireland appoints coordinators for AIB IPO
appointment of global coordinators for the planned sale of a
stake in Allied Irish Banks, but said it would not
commit to a fixed timeframe for the transaction.
Read more
Friday, December 16, 2016
CORRECTED-Actavis UK raised drug prices 12,000 pct, watchdog finds
law by raising prices of hydrocortisone tablets by more than
12,000 percent, Britain's competition watchdog said in a
provisional ruling on Friday.
Read more
Thai court approves $1.94 bln debt restructuring for steel maker SSI
Court has approved a business plan for Sahaviriya Steel
Industries Pcl (SSI), Thailand's biggest steel maker,
to restructure debts worth 69.2 billion baht ($1.94 billion).
Read more
Thursday, December 15, 2016
UPDATE 2-Metro consumer electronics division to seek acquisitions
(Adds details from presentations)
Read more
Metro consumer electronics unit to seek acquisitions
said it expects its consumer electronics unit, to be renamed
Ceconomy, to lead consolidation in the sector after it is split
from the wholesale and hypermarket food business next year.
Read more
Wednesday, December 14, 2016
Rio Tinto to defend itself if BSGR pursues action over Guinea
on Monday it would defend itself robustly if rival miner BSG
Resources (BSGR) pursues a threat to file a law suit over mining
rights in Guinea.
Read more
Monday, December 12, 2016
Russian tycoon Lisin sold 1.5 pct stake in steelmaker NLMK
has sold a stake of 1.5 percent in the country's largest
steelmaker NLMK, which he controls, Goldman Sachs, the
bookrunner for the deal said on Friday.
Read more
Thursday, December 8, 2016
Russia's Evraz considers convertible bond issue in 2017-sources
the country's largest steelmakers, is considering a convertible
bond issue, and is aiming to conduct the deal next year, two
banking sources told Reuters on Wednesday.
Read more
Wednesday, December 7, 2016
UPDATE 1-Nigeria names advisers for January start to $1 bln Eurobond sale
, Standard Chartered Bank and Stanbic IBTC Bank
to manage a planned $1 billion Eurobond sale and hopes
to start the issuance process in January, Finance Minister Kemi
Adeosun said on Wednesday.
Read more
UPDATE 3-Britain fines Pfizer record $107 mln for huge drug price hike
(Adds detail on previous largest fine, other pharmaceutical
cases)
Read more
MOVES-Pemberton hires Challis as portfolio manager
group backed by Legal and General, has hired Robin
Challis as a portfolio manager, the company announced.
Read more
Britain fines Pfizer record $107 mln for huge drug price hike
said on Wednesday it had fined Pfizer a record 84.2
million pounds ($106.54 million) for ramping up the cost of an
epilepsy drug by as much as 2,600 percent.
Read more
Tuesday, December 6, 2016
Glencore raises money for Kurdish oil deal, likely short of target -sources
short of its target of raising $550 million to pre-finance the
purchase of Kurdish oil, with investors exercising caution
despite the offer of a 12 percent bond yield, industry sources
told Reuters.
Read more
Monday, December 5, 2016
RBS settles with majority of claimants over 2008 share issue
said on Monday that it had settled legal claims with the
majority of shareholders who had alleged they were misled when
they took part in the bank's 2008 12 billion pound ($15.23
billion) rights issue.
Read more
AstraZeneca in broad drug deal with Bicycle worth up to $1 bln
wide-ranging deal with private biotech firm Bicycle Therapeutics
to develop a novel class of small molecule medicines for
treating respiratory, cardiovascular and metabolic diseases.
Read more
Thursday, December 1, 2016
EQT to enter final talks on bandage maker BSN Medical - sources
Partners as well as Sweden's SCA handed in final
offers for German bandage maker BSN Medical, several people
close to the deal said, easing pressure on owner EQT to seek
listing for the company.
Read more
Wednesday, November 30, 2016
UniCredit invites 10 banks for cash call consortium - sources
has sent invitation letters to 10 banks to form the consortium
for its planned multi-billion euro capital increase that should
be launched in February, two sources closed to the matter said
on Tuesday.
Read more
BoE puts AT1 through its paces with most severe tests yet
would be fair game and converted into equity if they hit severe
problems, the Bank of England's most stringent stress tests yet
showed on Wednesday.
Read more
Tuesday, November 29, 2016
UK DMO launches £2.25bn 40-year inflation-linked bond at 2bp over 2058 UKTi
Office has launched a £2.25bn 40-year inflation-linked bond at
2bp over its outstanding 2058 linker, according to a lead.
Read more
UK DMO sets spread on 40-year linker at 2bp over 2058 UKTi
Office has set the spread on a new 40-year inflation-linked bond
at 2bp over its outstanding 2058 linker, according to a lead.
Read more
Order book on UK DMO 40-year linker in excess of £9bn
Management Office's 40-year inflation-linked bond is in excess
of £9bn, according to a lead.
Read more
German restaurant chain Vapiano seeks stock market listing - sources
Vapiano is preparing a stock market listing which may value the
group at about 600 million euros ($636 million) including debt
as it seeks to generate cash for its planned expansion, people
close to the matter said.
Read more
UK DMO begins marketing 40-year inflation-linked bond
Office has started marketing a new 40-year inflation-linked Gilt
at 2-2.75bp over its existing 2058 linker, according to a lead.
Read more
Monday, November 28, 2016
Russneft IPO demand exceeds offer by over 30 pct - co-owner
the Russian mid-sized oil company Russneft, said in a statement
that the demand during the company's initial public offering
(IPO) has exceeded offer by more than 30 percent.
Read more
Friday, November 25, 2016
UPDATE 3-Rosneft approves $17 billion domestic bond programme
Rosneft is to return to the country's domestic bond
market after a two-year absence with a programme worth 1.071
trillion roubles ($16.6 billion), the company said on Thursday.
Read more
Thursday, November 24, 2016
UPDATE 1-Barclays fired banker in response to what he told SFO: lawyer
senior investment bankers as a "direct response" of what he told
the Serious Fraud Office during an investigation into the bank,
his lawyer said in court on Wednesday.
Read more
Wednesday, November 23, 2016
SFO ordered to argue gagging case in public
public its attempt to keep a case involving British bank Barclays and one of its former
investment bankers private.
Read more
Ireland to select banks for possible sale of shares in Allied Irish Banks
putting together a syndicate of investment banks in readiness
for a possible offer of shares in state-owned lender Allied
Irish Banks but the government said the move did not
mean it had a specific timetable in mind.
Read more
Friday, November 18, 2016
BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017
Further company coverage:
(Reporting By Moscow Newsroom)
Read more
Thursday, November 17, 2016
BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017
Further company coverage:
(Reporting By Moscow Newsroom)
Read more
BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017
Further company coverage:
(Reporting By Moscow Newsroom)
Read more
BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017
Further company coverage:
(Reporting By Moscow Newsroom)
Read more
BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017
Further company coverage:
(Reporting By Moscow Newsroom)
Read more
BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017
Further company coverage:
(Reporting By Moscow Newsroom)
Read more
BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017
Further company coverage:
(Reporting By Moscow Newsroom)
Read more
BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017
Further company coverage:
(Reporting By Moscow Newsroom)
Read more
BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017
Further company coverage:
(Reporting By Moscow Newsroom)
Read more
PRESS DIGEST- Financial Times - Nov 17
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
PRESS DIGEST- Financial Times - Nov 17
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
PRESS DIGEST- Financial Times - Nov 17
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
PRESS DIGEST- Financial Times - Nov 17
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
Wednesday, November 16, 2016
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
UK private equity firm Actis sells out of Ugandan utility Umeme
Actis has sold its remaining 14.3 percent stake in Uganda's sole
power distributor, Umeme Limited, to investors
including a local pension fund, allowing its shares to resume
trading.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources
producer, was valued at between 33.5 billion roubles and 223
billion roubles ($514.28 million-$3.42 billion) by two banks
arranging its initial public offering, three banking sources
told Reuters.
Read more
Tuesday, November 15, 2016
Vodafone will not IPO Indian unit until next financial year
will not launch the highly anticipated initial public
offering (IPO) of its Indian unit before March next year, it
said on Tuesday.
Read more
UPDATE 1-Russia's Russneft shareholder to float up to 20 pct of shares in IPO
and his family plan to float up to 20 percent of ordinary shares
in mid-sized oil company Russneft in an initial
public offering (IPO) by the end of 2016, Russneft said on
Monday.
Read more
Monday, November 14, 2016
UPDATE 1-Britain's biggest sandwich maker Greencore to buy U.S. firm Peacock for $748 mln
Greencore Group said on Monday it would buy U.S.
convenience food manufacturer Peacock Foods for $747.5 million
in a bid to transform its U.S. business.
Read more
RWE says higher power prices no reason for cheer yet
on Monday said a recovery in wholesale power prices is
beneficial for its central European generation margins but is
too early to see a sustained effect.
Read more
Greencore plans to buy U.S. firm Peacock for $747.5 mln
said on Monday it planned to buy U.S. convenience food
manufacturer Peacock Foods for $747.5 million in a bid to
transform its U.S. business.
Read more
Sunday, November 13, 2016
Ireland holding open possibility of Allied Irish Banks IPO in 2017
possibility of selling a 25 percent stake in state-owned Allied
Irish Banks next year with any sale depending on market
conditions, Finance Minister Michael Noonan said on Thursday.
Read more
Russia's Russneft shareholder to offer 20 pct of ordinary shares in IPO in 2016
Gutseriyev and his family are planning to sell up to 20 percent
of ordinary shares in a mid-sized oil company Russneft in an
initial public offering (IPO) by the end of 2016, Russneft said
in a statement on Monday.
Read more
Friday, November 11, 2016
Thursday, November 10, 2016
Ghana sells 438 mln cedis ($110 mln) in first 10-yr domestic bond
($110 million) worth of bids for its first 10-year domestic bond
issued on Thursday and the major commodities exporter will pay a
fixed yield of 19.0 percent, according to lead arrangers.
Read more
UK and China agree closer ties between London and Shanghai stock markets
press on with closer links between London and Shanghai's stock
exchanges, British finance minister Philip Hammond said on
Thursday after meeting Chinese Vice Premier Ma Kai.
Read more
MOVES-KPMG appoints Marco Schwartz as head of UK equity capital markets
has appointed Marco Schwartz as head of equity capital markets
(ECM) in Britain, the company said on Thursday.
Read more
BRIEF-Phoenix says 97.65 per cent of new shares have been subscribed
141,322,809 new shares representing 97.65 per cent of the new
shares offered pursuant to its rights issue announced on 28
September 2016 to part finance the proposed acquisition of Abbey
Life
Read more
Wednesday, November 9, 2016
World's first forest bond beats expectations
first time channels private money into protecting forests has
raised twice as much planned, its issuers said on Tuesday.
Read more
Tuesday, November 8, 2016
Legacy Tier 1 in cross-hairs as StanChart breaks with convention
bank debt were left nursing hefty losses this week after
Standard Chartered said it would not redeem a US$750m legacy
Tier 1 bond next January, while confusion reigned as to whether
Commerzbank would take a similar decision relating to one of its
bonds.
Read more
Sunday, November 6, 2016
Deutsche Bahn CEO says calling off Arriva, Schenker flotation
Deutsche Bahn has put plans for a partial privatisation
of Arriva and Schenker on ice due to Britain's decision to exit
the European Union, its chief executive said, confirming media
reports.
Read more
MOVES-Agathangelou heads to RBS after Dhami's departure
RBS to run Europe, Middle East and Africa financial institutions
bond syndicate, according to multiple market sources.
Read more
Wednesday, September 21, 2016
UPDATE 1-Strong demand for $904 mln IPO of India's ICICI Pru Life
(Updates subscription, adds IPO market outlook)
Read more
UPDATE 1-Denmark's Nets to launch early IPO on Friday due to share demand
Copenhagen on Friday, four days earlier than planned, after
attracting solid interest in its shares, the card payment
services company said on Wednesday.
Read more
Denmark's Nets brings forward IPO after strong demand -local TV
services company Nets will list in Copenhagen on Friday, four
days earlier than planned, after solid interest in its shares,
Danish broadcaster TV2 said Wednesday, citing unnamed sources.
Read more
Tuesday, September 20, 2016
Investors still hooked on US corporate bonds
of fatigue in the US high-grade corporate bond market as volumes
for the year surged past US$1trn in a week struck by a nasty
bout of volatility.
Read more
Friday, September 16, 2016
BRIEF-Ardagh Group says no M&A in short term
subsidiary will take place in H1 17, market conditions
permitting
Read more
Corporate bonds wobble despite ECB support
Europe's investment-grade corporate market is expected to slow
as rates volatility and a softening in sentiment are forcing
borrowers to rethink their pricing expectations.
Read more
Deutsche capital worries return as US mega-fine looms
having to tap shareholders for more cash after the US Department
of Justice asked Germany's flagship lender to pay US$14bn to
settle an investigation into alleged mis-selling of
mortgage-backed securities.
Read more
UPDATE 3-Britain's Informa to boost U.S. presence with Penton deal
(Adds investment returns for owners, stock price, paragraphs
11, 13-15)
Read more
Thursday, September 15, 2016
HSBC considers hiking capital of its German unit - exec
hiking the capital of its German unit as it seeks to expand in
Europe's largest economy, according to the head of HSBC Trinkaus
, which is 81-percent owned by the British bank.
Read more
BRIEF-Informa proposes 1.2 bn stg takeover of Penton Information Services
£1.2bn acquisition of penton information services
Read more
Wednesday, September 14, 2016
UPDATE 1-South Africa's Brait to seek premium listing in London
heavyweight Brait SE intends to seek a premium listing
in London to boost its profile and tap deeper pools of capital,
it said on Wednesday.
Read more
RPT-Investors reluctant to back Monte Paschi's cash call
Monte dei Paschi di Siena's bid to raise billions of
euros, leading fund managers and a source with knowledge of the
matter told Reuters, posing a huge challenge for a new CEO
seeking to save the Italian bank.
Read more
Safran seen picking Morpho buyer by end of September
make a decision on the potential sale of its Morpho biometrics
and security business for more than 2 billion euros by the end
of September, a person close to the process said on Wednesday.
Read more
Tuesday, September 13, 2016
Investors reluctant to back Monte Paschi's cash call
Monte dei Paschi di Siena's bid to raise billions of
euros, leading fund managers and a source with knowledge of the
matter told Reuters, posing a huge challenge for a new CEO
seeking to save the Italian bank.
Read more
National Grid Gas takes sterling market by storm in run-up to CBPS
to sell the biggest ever corporate sterling bond on Tuesday, a
trade that could not have been better timed with the Bank of
England announcing the previous day that four of the issuer's
bonds were eligible for its purchase programme.
Read more
RPT-INVESTMENT FOCUS-The world according to Tina and Gary
with political risks has done little to stop stock markets
hitting new highs. For that, you can thank Tina.
Read more
Monday, September 12, 2016
IFR Capital Markets Week Ahead - September 12, 2016
Week Ahead - a new weekly briefing from Thomson Reuters IFR.
Orders, please! Postal Savings Bank of China begins bookbuilding
for what will easily be the largest IPO seen this year
. China's biggest lender by bank branches is hoping
to raise as much as US$8.1bn from the Hong Kong listing, more
than the combined proceeds from all the US listings done so far
in 2016.
Read more
Sunday, September 11, 2016
Yield-starved investors find solace in sterling
had shunned the sterling market for most of 2016 are returning
in droves, spurred by investors' search for yield and the Bank
of England's upcoming corporate purchase programme.
Read more
Friday, September 9, 2016
INVESTMENT FOCUS-The world according to Tina and Gary
with political risks has done little to stop stock markets
hitting new highs. For that, you can thank Tina.
Read more
ICICI Pru Life seeks up to $909 mln in India's biggest IPO in six years
Insurance Co Ltd's initial public offering of shares will open
on Sept. 19, parent ICICI Bank said on Thursday,
seeking to raise as much as $909 million in the biggest local
listing in six years.
Read more
Thursday, September 8, 2016
Ardagh touts 2017 IPO to sell another aggressive bond deal
sell a deeply subordinated payment-in-kind note, and saw strong
demand despite its track record of abandoning listings.
Read more
BRIEF-Russia's PIK Group sees sales, profits rising in 2017
million) in 2016, 67 billion roubles in 2017, 116.3 billion
roubles in 2018, 155.4 billion roubles in 2019, 247.1 billion
roubles in 2020 (2015: 51.1 billion roubles).
Read more
Wednesday, September 7, 2016
PRESS DIGEST- British Business - Sept. 6
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
Monday, September 5, 2016
Issuers hit deep sterling pockets as BoE corporate purchases near
issues from corporate and financial issuers as they get ahead of
the Bank of England's corporate bond purchase scheme due to
start later this month.
Read more
Intelsat tries again to manage US$15bn debt pile
liability management exercise of the year this week, trying to
woo investors with another bond exchange in an ongoing effort to
tackle its US$15bn debt pile.
Read more
Friday, September 2, 2016
Russia's Polyus considering placing GDRs in London says CEO
gold producer Polyus is considering placing global
depository receipts (GDRs) in London in the future, its chief
executive said on Friday, less then a year after it left the
London market.
Read more
UK's Segro to raise 340 mln stg to fund property development
listed industrial property developer, said on Friday it would
raise 340 million pounds ($451 million) to fund development
projects by placing new shares.
Read more
Payment company Nets to announce listing plan on Thursday -sources
services company Nets will announce its plan for an initial
public offering (IPO) on Thursday, two people involved in the
process said on Wednesday.
Read more
Wednesday, August 31, 2016
Pirelli's main UK pension schemes agree 600 mln stg longevity deals
tyremaker Pirelli have agreed deals with insurer
Zurich to farm out 600 million pounds ($785.94
million) of risk that members of the company schemes live longer
than expected.
Read more
Saturday, August 27, 2016
UPDATE 1-Vodafone India to delay IPO filing until towards end-2016 - IFR
Indian unit is likely to delay filing the draft prospectus for
its up to $3 billion initial public offering (IPO) until towards
the end of the year, IFR reported on Thursday
Read more
Thursday, August 25, 2016
MOVES-Barclays' GFRS head Langley to retire from industry
global finance and risk solutions (GFRS), is retiring from the
industry to pursue other opportunities, according to an internal
memo seen by IFR.
Read more
Vodafone India to delay IPO filing until towards end-2016 - IFR
Indian unit is likely to delay filing the draft prospectus for
its up to $3 billion initial public offering (IPO) until towards
the end of the year, IFR reported on Thursday
Read more
Wednesday, August 24, 2016
Planned BP stake sale in Indian unit has not taken place - exchange data
in Castrol India Ltd by BP Plc due to take
place on Wednesday according to a term sheet seen by Reuters had
not taken place as of the end of the trading day, according to
exchange data.
Read more
AstraZeneca to sell antibiotics business to Pfizer
AstraZeneca said it had agreed to sell its small
molecule antibiotics business to Pfizer in a deal that
could reach more than $1.5 billion.
Read more
Tuesday, August 23, 2016
UK court says SABMiller shareholders can be split into two classes
SABMiller shareholders can be treated as two classes
when they vote on the company's takeover by Anheuser Busch InBev
, granting the request from the brewer for a split.
Read more
Barclays mandates banks for U.S. dollar AT1 securities
itself as sole bookrunner and structuring adviser for a U.S.
dollar Reg S Additional Tier 1 offering.
Read more
Monday, August 22, 2016
Foreign banks storm dollar market in search of cheaper funding
this month as tighter spreads, favourable currency moves and
huge demand for higher-yielding US assets has lowered the cost
of borrowing in US dollars.
Read more
Friday, August 19, 2016
Monday, August 15, 2016
UPDATE 1-Australia's Aura Energy to float shares in London by end September
Energy Ltd is making a bet on a rebound in uranium
prices as it lists in London, hoping to raise about 2.85 million
pounds (US$3.7 mln) to fund development of a mine in Mauritania,
its chief executive said on Monday.
Read more
Australia's Aura Energy to float shares in London by end September
Energy Ltd plans to list shares on the AIM market of
the London Stock Exchange by the end of September and aims to
raise 2.85 million pounds (US$3.7 mln), it said on Monday.
Read more
Sterling's BoE-fuelled rally hits turbulence
stimulus measures last Thursday, but the weight of new supply has put pressure on spreads and
the rally could already be running out of steam.
Read more
Friday, August 12, 2016
Poland picks HSBC, Bank of China as leads for Chinese bond issue
of China to organize its upcoming yuan-denominated bond issue in
China, the Polish finance ministry said on Friday.
Read more
CORRECTED-More AT1 bonds expected after strong showing by RBS, StanChart
capital could be set for a revival after Royal Bank of Scotland
and Standard Chartered printed large dollar deals that rallied
in secondary trade.
Read more
Thursday, August 11, 2016
UPDATE 1-Frenzied demand pushes StanChart AT1 book above US$17bn
US$17bn of orders for its Additional Tier 1 deal, the biggest
book for such a transaction from a European lender so far in
2016.
Read more
Orders for StanChart AT1 bond in excess of US$17bn
Additional Tier 1 bond issue is in excess of US$17bn, according
to a lead.
Read more
BRIEF-San Leon to raise $200 mln for Nigerian field interest, names new chairman
of shell petroleum development company of nigeria limited, is
expected to be appointed as non-executive chairman
Read more
Wednesday, August 10, 2016
UPDATE 1-RBS reaches 2016 AT1 target with £2bn-equivalent deal
US$15bn of investor orders for its US$2.65bn (£2bn) Additional
Tier 1 bond on Wednesday, the first AT1 from a UK bank since the
Brexit vote in June.
Read more
RBS to price £2bn-equivalent dollar AT1 bond at 8.625%
price a US$2.65bn (£2bn) perpetual non-call five-year Additional
Tier 1 bond at 8.625% on Wednesday, according to an investor
following the deal.
Read more
REFILE-Three more blue chips pile into ebullient sterling market
full advantage of positive momentum spurred by the Bank of
England's announcement last week of up to £10bn of corporate
bond buys, and will price heavily oversubscribed trades later on
Monday.
Read more
Monday, August 8, 2016
BRIEF-Melrose to launch rights issue for Nortek deal
for Nortek inc. ("nortek") expired without Nortek having
received a superior proposal
Read more
Sterling corporates on winning streak as BoE restarts QE
on Thursday after the Bank of England said it would buy them as
part of its quantitative easing reprise, with bankers now
touting for more business.
Read more
Thursday, August 4, 2016
REFILE-Sterling primary market swats aside Brexit concerns
just over £6.5bn of bonds since the UK voted to leave the
European Union, as the sterling primary market fights back and
issuers take advantage of attractive funding costs.
Read more
Monday, August 1, 2016
UK welcome first London sale of rupee bond from Indian private company
Hammond welcomed the issuance on Monday of the first offshore
rupee-denominated bond from a private company, saying it
highlighted London's status as a leading global finance centre.
Read more
UK banks lining up to re-open AT1 market
Additional Tier 1 capital market in the weeks ahead, as
yield-starved investors find more to like in the risky asset
class.
Read more
Friday, July 29, 2016
UPDATE 1-DNO expands foothold in Kurdish oil with Gulf Keystone offer
DNO ASA expanded its foothold in Iraqi Kurdistan on
Friday by offering to purchase rival Gulf Keystone Petroleum Ltd
for $300 million, following the latter's junk bond deal
this month.
Read more
Thursday, July 28, 2016
UK sells 50-year index-linked bond via syndication at record-low real yield
said it would issue 2.5 billion pounds ($3.28 billion) of 2065
index-linked bonds at a real yield of -1.3245
percent on Tuesday, the lowest-ever inflation-adjusted return
for a bond sold via a syndication.
Read more
Tuesday, July 26, 2016
UPDATE 1-EDF shareholders approve 4 bln euro capital increase
approved on Tuesday a planned 4 billion euro ($4.4
billion) capital increase ahead of the state-controlled
utility's decision on whether to proceed with its Hinkley Point
UK nuclear project on Thursday.
Read more
UPDATE 1-Japan's SMBC Aviation Capital raises $500 mln in debut bond
Japan's Sumitomo Mitsui Banking Corp has raised $500
million in its debut bond offering in a bid to diversify funding
options to pay for an order book of more than 200 planes, its
chief executive said on Monday.
Read more
EDF shareholders approve 4 bln euro capital increase
approved on Tuesday a planned 4 billion euro ($4.4
billion) capital increase ahead of the state-controlled
utility's decision on its Hinkley Point UK nuclear project on
Thursday.
Read more
Wednesday, July 20, 2016
RPT-Gulf Keystone shares spike and plunge after junk bond deal
spiked and fell by a third on Tuesday as retail investors
flooded chatrooms trying to figure out how junk bond funds led
by former JP Morgan and Lehman Brothers traders will help
restructure the oil firm.
Read more
Tuesday, July 19, 2016
Gulf Keystone shares spike and plunge after junk bond deal
spiked and fell by a third on Tuesday as retail investors
flooded chatrooms trying to figure out how junk bond funds led
by former JP Morgan and Lehman Brothers traders will help
restructure the oil firm.
Read more
French competition authority clears Fnac-Darty deal
Monday approved plans by French music and book chain Fnac
to take over consumer electronics retailer Darty
.
Read more
Monday, July 18, 2016
SoftBank has "no immediate plans" to issue debt for ARM deal
immediate plans" to issue fresh debt to back its acquisition of
UK chip designer ARM Holdings for £24bn.
Read more
Activist TCI takes SABMiller stake, investors scent sweetened offer
Management (TCI) has taken a stake in SABMiller, the
second activist to buy into the brewer in recent weeks, raising
the prospect of a late push for improved takeover terms from AB
InBev.
Read more
Japan's SoftBank agrees $32 billion deal to buy Britain's ARM
has agreed to buy British chip designer ARM Holdings
for 24.3 billion pounds ($32 billion), in a deal that
will retain the company's management and grow its workforce.
Read more
Sunday, July 17, 2016
UK names syndicate for sale of 50-year index-linked gilt
Goldman Sachs, HSBC, Royal Bank of Scotland
and Santander on Friday as bookrunners for the
sale of several billion pounds of 50-year inflation-linked
government bonds later this month.
Read more
Friday, July 15, 2016
UPDATE 2-Distressed funds set for big stakes in Gulf Keystone after debt swap
(Adds background, analyst comment, share and debt prices)
Read more
Thursday, July 14, 2016
Wednesday, July 13, 2016
REFILE-Steinhoff agrees $794 mln takeover of UK's Poundland
will bulk up its presence in the British market after
agreeing a 597 million pound ($794 million) takeover of single
price retailer Poundland, it said on Wednesday.
Read more
Tuesday, July 12, 2016
UPDATE 6-Melrose to buy U.S. ventilation products maker Nortek
(Adds investment banking consultant, updates shares)
Read more
Wednesday, July 6, 2016
Brexit could delay car parts firm TI Automotive's IPO - sources
market listing of UK auto parts supplier TI Automotive, a
potential 3 billion euro ($3.3 billion) deal, is facing a delay
due to volatility triggered by Britain's vote to leave the
European Union, people familiar with the matter said.
Read more
Friday, July 1, 2016
OPINION-Italy, or how not to deal with a banking problem
aftermath of the shock UK referendum result, concocting its
latest attempt at rescuing its banks while markets were
distracted with more pressing matters.
Read more
Santander UK breaks Europe's post-Brexit financial drought
covered floater, the first financial deal in the European market
since Britain's shock vote to leave the European Union last
Friday.
Read more
Russia's Russneft plans to raise $500 mln in November IPO - source
plans to hold an IPO on the Moscow Exchange in November, aiming
to raise $500 million for 10 percent of its shares, a source
close to the deal told Reuters.
Read more
Brexit fears put aside as corporates go for sterling
Brown-Forman reopened the sterling corporate market on Thursday
after a month-long hiatus, attracting blowout demand just a week
after the UK voted to leave the European Union.
Read more
Thursday, June 30, 2016
Ireland could review AIB sale timetable if situation changes
to sell a 25 percent stake in Allied Irish Banks early
next year if circumstances change, finance minister Michael
Noonan said on Thursday.
Read more
REFILE-Equity deals sag to four-year low, Brexit seen shrinking volumes - TR data
markets activity has sunk to a four-year low in 2016 according
to quarterly ThomsonReuters data, although bankers and investors
said that while Brexit could dent volumes it would not sink the
market.
Read more
Wednesday, June 29, 2016
MOVES-Standard Chartered hires European DCM director
Standard Chartered Bank as executive director in the European
DCM corporates team.
Read more
Cinven raises 7 bln euros for latest buyout fund
Cinven said on Wednesday it has raised 7 billion euros
($7.75 billion) for its latest investment vehicle, becoming the
latest large buyout fund to successfully tap a buoyant market.
Read more
Talend files for U.S. IPO for up to $86.25 mln
raise up to $86.25 million in an initial public offering of
common stock.
Read more
Tuesday, June 28, 2016
UK covereds to feel heat from Brexit
of UK covered bonds under European Union laws could come to an
end following Brexit, potentially reducing investor appetite and
pushing up funding costs.
Read more
Echoes of February as AT1 market takes another leg down
debt took another knock on Monday as the economic and political
fallout of Brexit hung over markets, triggering the most violent
price action since the first quarter.
Read more
Dual break-up could prove daunting for weakened UK, says S&P
an orderly withdrawal from the European Union particularly if it
also has to deal with a split with Scotland at the same time,
Standard & Poor's chief sovereign analyst said on Tuesday.
Read more
Monday, June 27, 2016
Bank bonds plummet as UK walks away from EU
secondary markets on Friday following the nation's vote to leave
the European Union, storing up a period of huge uncertainty for
the sector.
Read more
Friday, June 24, 2016
Eyes on Spain election as debt bankers fear Brexit domino effect
fear the UK's decision to leave the European Union could spur
anti-establishment sentiment across the continent, starting with
Spain where general elections are to be held this weekend.
Read more
REFILE-UPDATE 1-UK bank credit underperforms in early trading
cash markets in early trade following the Leave vote in the
Brexit referendum.
Read more
UPDATE 1-Vodafone to file prospectus for Indian listing in August - sources
(Adds details on Vodafone India operations, background)
Read more
Thursday, June 23, 2016
Vodafone plans to file for India IPO in Aug, listing seen in Q4 -sources
likely to file a draft prospectus for the planned IPO of its
Indian business in August with the listing expected in the
fourth quarter, in a deal seen raising as much as $2.5 billion,
people with direct knowledge of the matter told Reuters.
Read more
BRIEF-Hornby proposes to raise 8 mln stg via share issue
aggregate, approximately £8.0 million (before expenses) through
issue of 29,629,630 new ordinary shares at an issue price of 27
pence
Read more
Tuesday, June 21, 2016
Samarco bonds tumble on possible debt talks
points on Tuesday following news that the Brazilian mining
company has hired banks to approach creditors about possible
debt negotiations.
Read more
EBRD issues first public bond in Georgian lari
Reconstruction and Development (EBRD) issued its first public
bond in Georgia's lari currency, as it looks to raise funds for
local projects and develop the country's debt market.
Read more
Monday, June 20, 2016
As rate hike worries fades, M&A bond issuers hold off
the US primary high-grade market is set to slow as companies
slam the brakes on jumbo bond sales to finance mergers and
acquisitions until the autumn.
Read more
Friday, June 17, 2016
UPDATE 1-HDFC Life in talks to buy Max Life in India insurance consolidation
listing
(Recasts with executive comments, details)
Read more
Russneft says may sell up to 10 pct in Moscow IPO -Interfax
an initial pubic offering to sell up to 10 percent of the
mid-sized oil producer, Interfax news agency reported on Friday
citing company boss Mikhail Gutseriyev.
Read more
Roche skin cancer drugs "too expensive", says UK cost agency
combination of Cotellic and Zelboraf for melanoma was rejected
by Britain's healthcare cost agency NICE as "too expensive" on
Thursday, in contrast to the green light given in April to a
rival cocktail from Novartis.
Read more
Thursday, June 16, 2016
UPDATE 2-UK court rules in favour of Lloyds in £3.3bn bond dispute
UK court ruling on Thursday over whether it treated investors in
high-interest bonds fairly, saving it from the threat of paying
them hundreds of millions of pounds extra.
Read more
UPDATE 1-Southeastern AM investment vehicle takes 14.7 pct stake in Applus+
the investment vehicle backed by partners at U.S. fund firm
Southeastern Asset Management and entrepreneur Nassef Sawiris,
said on Thursday it had taken a 14.7 percent stake in Spain's
Applus+ Services.
Read more
UK court rules in favour of Lloyds in £3.3bn bond dispute
UK court ruling on Thursday over whether it treated investors in
high-interest bonds fairly, saving it from the threat of paying
them hundreds of millions of pounds extra.
Read more
Wednesday, June 15, 2016
Shell says Philippines unit preparing for stock market listing
said on Wednesday its subsidiary in the Philippines,
Pilipinas Shell Petroleum Corporation (PSPC), is in the process
of preparing an initial public offering (IPO) of its shares.
Read more
UPDATE 2-Swiss Daetwyler agrees $1.1 bln deal to buy Premier Farnell
(Adds analyst comments, context, details, share movement)
Read more
Tuesday, June 14, 2016
UPDATE 1-British shale gas firm IGas Energy seeks investors
IGas said on Tuesday it is in talks with a number of
potential investors to strengthen its balance sheet.
Read more
Polish freight firm OT Logistics plans London listing -report
OT Logistics plans to debut on the London bourse
to tap foreign investors, its deputy chief executive was
quoted as saying on Tuesday.
Read more
BRIEF-Plexus aims to raise 6 mln stg to weather down cycle
shares") at a price of 65 pence per ordinary share to new and
existing investors.
Read more
Monday, June 13, 2016
Greece's Titan increases bond issue to 300 mln euros
said on Friday it was issuing bonds worth 300 million
euros ($338 million) after increasing the offer due to high
investor demand.
Read more
Friday, June 10, 2016
Russian corporate bonds - this time it's different
saw US$1.95bn of debt placed this week, and analysts reckon the
stars are aligning for similar trades to tumble out of the
country.
Read more
REFILE-UPDATE 1-BP and Det norske agree $1.3 bln Norwegian oil merger
Det norske have agreed to merge their Norwegian
businesses in a $1.3 billion share deal to cut costs, increase
profitability and challenge Statoil's Norwegian
offshore dominance.
Read more
Airbus says to sell remaining Dassault stake
Thursday it was selling its remaining stake in Dassault Aviation
, ending a longstanding arrangement to warehouse shares
in the maker of combat and business jets on behalf of the French
government.
Read more
Thursday, June 9, 2016
UPDATE 1-Time Out to raise $130 mln in London listing
media company that started as a London culture and entertainment
magazine, said on Thursday it expects to raise 90 million pounds
($130 mln) in its initial public offering on London's junior
stock market.
Read more
Time Out to raise 90 mln stg in London listing
media company that started as a London culture and entertainment
magazine, said on Thursday it was raising 90 million pounds
($130 million) in an initial public offering of shares on
London's junior stock market.
Read more
Evraz revises pricing to 7%-7.125% on January 2022 dollar bond
7%-7.125% on a January 2022 US dollar bond, according to a lead.
Read more
Russia's Evraz raises $500 mln in Eurobond at 6.75 pct yield - source
largest steelmakers, has raised $500 million in five-year
Eurobond at a yield of 6.75 percent, a source in the financial
sector told Reuters on Thursday.
(Reporting by Oksana Kobzeva; Writing by Lidia Kelly; editing
by Katya Golubkova)
Read more
Evraz begins marketing US dollar bond
marketing a January 2022 US dollar bond at a yield of
7.25-7.50%, according to a lead.
Read more
New Zealand's Sky Network and Vodafone announce merger deal
Vodafone Group Plc have announced a deal under which Sky
and Vodafone's New Zealand unit would merge.
Read more
Wednesday, June 8, 2016
Full Allied Irish reprivatisation may take 15 years - finance ministry
and 15 years, depending on market conditions, to recoup its full
investment in state-owned Allied Irish Banks, finance
ministry officials said in a briefing note published on
Wednesday.
Read more
Brexit fears knock UK bank spreads
tumbled as the threat of the country leaving the European Union
later this month escalates.
Read more
Tuesday, June 7, 2016
BRIEF-Good Energy to raise 3.1 mln stg in share offer
to approximately £ 3.1 million by way of an offer of up to
1,495,900 new ordinary shares at an issue price of 208 pence
each
Source text for Eikon:
Further company coverage:
(Reporting By UK Bureau)
Read more
Russian oil firm Russneft plans Moscow share sale
Russneft, majority owned by businessman Mikhail Gutseriyev,
plans to sell new shares on the Moscow stock exchange in the
fourth quarter, a company spokesman said on Monday.
Read more
Monday, June 6, 2016
BRIEF-Ireland's eir to launch 350 mln eur senior secured note
million senior secured notes offering
Read more
British biopharma start-up Mereo to list in London
British company trialing three drugs developed by Novartis
, said it would list on London's junior AIM market to
raise capital to develop its drugs and give it more financial
flexibility for further deals.
Read more
Sunday, June 5, 2016
Russian companies plan Eurobonds ahead of possible Fed tightening
to use a window ahead of a potential rate hike by the U.S.
Federal Reserve to issue Eurobonds, as some of the demand for
Russian risk is back with pricing still attractive, companies
and analysts say.
Read more
Friday, June 3, 2016
S.Korea Hotel Lotte's IPO is on track, spokesman says
Lotte Co Ltd has delayed a proposed $4.8 billion IPO is
"baseless" and the IPO is proceeding according to plans, a
company spokesman said on Friday.
Read more
REFILE-UPDATE 1-Swiss biotech AC Immune taps U.S. IPO to fund Alzheimer's drugs
has money in hand from Roche for its most advanced drug,
is planning a share sale in the United States to raise up to $50
million for separate drug candidates targeting Alzheimer's
disease.
Read more
Wednesday, June 1, 2016
PRESS DIGEST- British Business - May 31
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
Monday, May 30, 2016
How Wellcome and Gates charities profit from helping biotech
charity is to profit from U.S. approval of a new diagnostic
cancer test, the first commercial product funded by the
organisation since the sale of its pharmaceuticals business to
Glaxo in 1995.
Read more
Lloyds bank shares reach break-even point for UK government sale
Lloyds Banking Group rose above the level the government paid
for them for the first time in 5 months on Wednesday, raising
speculation the state will sell off stock to repay taxpayers who
funded a bailout eight years ago.
Read more
Wednesday, May 25, 2016
UPDATE 3-Russia raises $1.75 bln in first Eurobond since sanctions imposed
(Adds finance minister's statement, analysts' quotes)
Read more
Tuesday, May 24, 2016
UPDATE 1-UK waste manager Shanks considers bid for Van Gansewinkel
considering a bid for Van Gansewinkel Groep BV, Benelux's
largest waste management company, for an undisclosed sum, the
companies said.
Read more
UPDATE 2-HSBC brushes off Brexit noise to market US dollar AT1
Additional Tier 1 deal, the first from a UK bank this year and
with the UK's EU referendum less than a month away.
Read more
UPDATE 1-Czech unions join investors to bid for insolvent NWR arm
up with lignite mine owner Pavel Tykac and another investor to
make on offer for New World Resources'
insolvent mining subsidiary OKD, the unions said on Monday.
Read more
HSBC starts marketing US dollar AT1
dollar perpetual non-call five Additional Tier 1 bond, according
to the bank.
Read more
Monday, May 23, 2016
Amsterdam IPO market gains as London holds breath for Brexit vote
listings in London due to uncertainty around the upcoming Brexit
referendum could be helping European rival Amsterdam's stock
market, which has seen a rise in activity this year.
Read more
Thursday, May 19, 2016
Ryanair concentrating on cash, could be debt free by 2023-CFO
through cash generation in the coming months and if it continues
to do so, could be debt free by 2023 when 1.7 billion euros
($1.90 billion) of recent debut bond issuance matures, its
finance chief said on Thursday.
Read more
BP taps debt market to raise 400 mln pounds in convertibles
million pounds ($583 million) by issuing cash-settled
convertible bonds, it said on Thursday.
Read more
UPDATE 1-Basic-Fit plans Amsterdam IPO to bulk up in Europe
which has more than 1 million members across Europe, plans to
list nearly half of its shares on the stock market in an initial
public offering which could value the company at around 1
billion euros ($1.1 billion).
Read more
UPDATE 1-3i reports robust results, says Brexit uncertainty to dampen M&A activity
Group Plc on Thursday reported a 17 percent increase in
its net asset value year-on-year to 4.5 billion pounds ($6.56
billion) and said uncertainty over Britain's referendum on the
European Union would hit M&A activity and investment.
Read more
Tuesday, May 17, 2016
REFILE-UPDATE 1-Goldman tries to drum up leveraged finance business as trading, stock sales slow
its first ever leveraged finance conference next week as the
Wall Street bank tries to strengthen its position in debt
underwriting and looks for new avenues of growth.
Read more
Thursday, May 12, 2016
Goldman tries to drum up leveraged finance business as trading, stock sales slow
its first ever leveraged finance conference next week as the
Wall Street bank looks to strengthen its position in debt
underwriting, where it has traditionally been weak.
Read more
UPDATE 1-Scottish prosecutors drop RBS rights issue case
on Thursday there was insufficient evidence to prosecute Royal
Bank of Scotland or its directors over a 12 billion
pound cash call on the eve of its near-collapse in 2008.
Read more
MOVES-KPMG hires for German ECM
equity advisory platform with the hire this week of Sebastian
Oechelhaeuser. He joins from Barclays and will be based in
Frankfurt, where three juniors are already in place.
Read more
Wednesday, May 11, 2016
Debt-hungry China Inc fuels local banks' takeover of Asia league tables
first time claimed the top spots for Asian bond market
underwriting, on the back of a booming local corporate bond
market and increased funding needs of companies in the world's
second-largest economy.
Read more
Tuesday, May 10, 2016
Saudi Aramco says in final stages of preparing IPO options
statges of preparing options for its initial public offer of
shares before presenting the options soon to its Supreme Council
for consideration, chief executive Amin Nasser said on Tuesday.
Read more
BRIEF-Opera abandons deal to buy SoloPower
potential acquisition of solopower systems holdings, inc.
Read more
Thursday, May 5, 2016
Barclays raises $876 million from African business share sale
it had raised 603 million pounds ($875.50 million) from the sale
of a 12.2 percent stake in Barclays Africa Group,
boosting its key capital ratio by 10 basis points.
Read more
Wednesday, May 4, 2016
UPDATE 1-Barclays begins offloading Africa business with 12 pct stake sale
(Recasts with Barclays selling 12 pct stake )
Read more
Barclays says to sell 12 pct stake in African business
Wednesday it is selling shares representing 12 percent of
Barclays Africa Group, as the British bank follows
through on plans announced in March to sell down its stake in
its African business.
Read more
UPDATE 1-Deutsche Boerse to keep Frankfurt focus after LSE merger - CEO
(Updates with pledge to keep some key ops in Frankfurt, adds
CEO quote and background)
Read more
Tuesday, May 3, 2016
Deutsche Boerse, LSE merger may spark Frankfurt IPOs - CEO
expects a growing number of listings on the Frankfurt
stock exchange in the wake of its planned $30 billion merger
with LSE Group, its chief executive said.
Read more
HSBC plans "busy" 3 years of bond sales as TLAC looms
busy" every quarter for the next three years as it faces having
to issue up to US$70bn of debt to meet new capital adequacy
regulations.
Read more
Vodafone India mandates for up to US$3bn IPO
mandated Bank of America Merrill Lynch, Kotak and UBS as joint
global coordinators for the IPO of its Indian unit, according to
two sources.
Read more
Friday, April 29, 2016
CD&R swallows sausage casings maker Kalle
Dubilier & Rice (CD&R) has bought German sausage casings maker
Kalle from Silverfleet Capital, the companies said on Friday.
Read more
Russia's Rusagro says raises around $250 mln via share sale
Rusagro said on Thursday it had priced its secondary
share sale at $15 per global depositary receipt and raised
around $250 million.
Read more
Wednesday, April 27, 2016
Rusagro prices GDR at $15 in secondary share offering -banking sources
Rusagro has priced its global depositary receipt at
$15 per GDR in a secondary share sale, at the lower end of its
previous guidance, banking sources told Reuters on Wednesday.
Read more
Corporates race to print first euro negative yield
negative yielding corporate bond in euros is on after Unilever
narrowly missed out earlier this week, as news of the ECB's
corporate purchase plan drives funding costs to all-time lows.
Read more
UPDATE 2-Germany to launch 1 bln-euro discount scheme for electric car buyers
(Adds trade union and analyst comments, arguments against
incentives, context on other countries, shares)
Read more
Russia's Rusagro share sale price guidance $15.0-15.5/GDR - sources
farming conglomerate Rusagro's secondary share sale
is $15.0-15.5 per global depositary receipt, two sources close
to the placement said on Wednesday.
Read more
Tuesday, April 26, 2016
BRIEF-Russia's Severstal places $200 mln convertible bond
amount of senior unsecured guaranteed convertible bonds due
2021;
Read more
Glencore sets level at 2.25% on bond issue
for a minimum SFr225m May 2021 bond issue, according to a lead
manager.
Read more
Glencore increases minimum size of bond market issue
bond issue to a minimum SFr200m, while guidance remains
unchanged at 2.25% area, according to a lead manager.
Read more
UPDATE 1-Glencore to price first bond since market lockout
first bond issue since concerns around the company's financial
health sent its share and bonds prices in a downward spiral in
September 2015, locking the company out of the bond markets.
Read more
Glencore opens books on Swiss francs bond issue
SFr150m minimum May 2021 bond issue at an indicative yield of
2.25% area, equivalent to 279.5bp area over mid-swaps according
to a lead.
Read more
Russia's Severstal announces offering of $200 mln convertible bonds
said on Tuesday it was launching an offering for an
issue of around $200 million of bonds, due in 2021 and
convertible into its Global Depositary Receipts listed on the
London Stock Exchange.
Read more
Books are covered for Russian company Rusagro's new share issue-sources
conglomerate Rusagro's secondary share offering have
been covered in full, two sources close to the placement said on
Tuesday.
Read more
UPDATE 1-Cobham launches 500 mln stg rights issue after profit warning
Cobham proposed a 500 million pounds ($724.80 million)
rights issue to strengthen its balance sheet after warning that
2016 profit would fall, pushing the company to reduce its debt.
Read more
Monday, April 25, 2016
Fnac offers 170 pence per Darty share in final bid
offered 170 pence per Darty share in what it said was
its final offer for Europe's largest electronics goods retailer,
trumping a 160 pence offer by South African retailer Steinhoff
,t.
Read more
UPDATE 3-EDF secures state-backed finance deal ahead of Hinkley Point decision
(Adds CEO, finance ministry source comments)
Read more
Friday, April 22, 2016
France to invest 3 bln euros in EDF, accept dividends in shares
for 3 billion euros of a planned 4 billion-euro share issue by
EDF and will accept the majority state-owned utility's
proposal to pay its dividend on 2016 and 2017 earnings in
shares, the French finance and economy ministries said in a
joint statement on Friday.
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UPDATE 2-EDF secures state-backed finance deal ahead of Hinkley Point decision
(Adds CEO, finance ministry source comments)
Read more
Investors pull $7.3 bln from stocks, largest outflow in nine weeks -BAML
from stocks in the week to April 20, the largest outflows in
nine weeks, while continuing to shovel money into corporate and
emerging market debt, Bank of America Merrill Lynch (BAML)
said on Friday.
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EDF to propose 4 bln-euro share issue, scrip dividends in 2016-17
EDF said in a statement it plans to propose a 4 billion
euro share capital increase by the closure of its 2016 accounts
as well as an option to pay the dividend related to fiscal years
2016 and 2017 in shares.
Read more
Thursday, April 21, 2016
UPDATE 2-Vodafone invites banks to pitch for $2-2.5 bln Indian IPO - sources
(Adds Vodafone's India tax row, industry context)
Read more
UPDATE 1-Russia's Rusagro launches secondary share offering to raise $250 mln
Rusagro launched a secondary share offering on
Thursday aiming to raise $250 million to fund expansion.
Read more
Russia's Rusagro launches secondary share offering to raise $250 mln
Rusagro launched on Thursday a secondary share
offering aiming to raise $250 million to fund expansion.
Read more
Conforama increases Darty offer to 138 pence per share
for shares in electronics retailer Darty Plc it does
not already own to 138 pence per share, Conforama's parent
company said on Wednesday.
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Wednesday, April 20, 2016
Catastrophe bond issuance hits record $2 bln in Q1 - report
35 percent in the first quarter to a record $2 billion,
insurance broker and consultancy Willis Towers Watson said on
Wednesday, as investors continue to seek higher yields in a
low-interest rate environment.
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India's HDFC to list up to 10 pct stake in life insurance JV
Development Finance Corp said on Tuesday it plans to
list up to 10 percent of its life insurance joint venture with
Britain's Standard Life Plc in an initial public offering
(IPO).
Read more
Tuesday, April 19, 2016
Banks on Argentina bond to earn up to US$27m in total fees
bond sale, which is set to price next week, could earn up to
US$27m in total fees, according to government documents
published on Friday.
Read more
Friday, April 15, 2016
Argentina confirms seven banks running international bond issue
seven banks managing its upcoming bond issue in the government's
official gazette on Friday as it prepares to return to
international credit markets for the first time in 15 years.
Read more
Investors dump stocks, add to corporate and EM bonds-BAML
from stocks in the latest week, the biggest outflows in eight
weeks, whilst ramping up their exposure to corporate and
emerging market debt, Bank of America Merrill Lynch (BAML)
said on Friday.
Read more
UK's Greencoat wind fund to issue 300 mln new shares
has launched a share issuance programme of 300 million new
shares to pay back debt and raise capital for investment, the
renewable infrastructure fund said on Thursday.
Read more
Thursday, April 14, 2016
Premier Foods No.2 shareholder disappointed in board
second-largest shareholder in Premier Foods, said it was
"extremely disappointing" the board of the British food maker
allowed its suitor McCormick to walk away.
Read more
Wednesday, April 13, 2016
Investors weigh strategy tweaks at Lloyds to protect dividend plans
shareholders want the bank to consider some creative additions
to its business to protect its generous dividend plans against
an economic slump in Britain.
Read more
Russian Eurobond comeback continues with Global Ports' debut
infrastructure company Global Ports is the latest sign
Russian issuers are returning to the international bond market
as investor appetite revives.
Read more
Tuesday, April 12, 2016
MOVES-Walsh joins Daiwa syndicate desk
appointed Jeremy Walsh as co-head of its London bond syndicate
team, working alongside Kevin O'Neill. He takes up his new
position on April 18.
Read more
Monday, April 11, 2016
Russia's Rusagro picks banks to organise new share issue - sources
Rusagro has picked J.P.Morgan, UBS
, and VTB's investment banking arm VTB Capital
to organise its additional share issue, three financial market
sources said on Wednesday.
Read more
Wednesday, April 6, 2016
Petroceltic board recommends shareholders accept buyout offer
oil producer Petroceltic has recommended shareholders
accept an all-cash offer from investor Worldview Capital
Management, saying a court examinership was likely to otherwise
render the shares worthless.
Read more
BRIEF-EDF to continue investment abroad despite disappointments in recent years- CEO Levy
hydropower of edf, eu complaint is not justified
Read more
Tuesday, April 5, 2016
Barclays warns of weak Q1 investment banking performance as tough conditions bite
investors that its first quarter investment banking performance
was likely to be weaker than the same period a year ago, citing
challenging market conditions.
Read more
Parques Reunidos says plans to list in Spain in May
Reunidos said on Monday it aimed to list in Spain's main stock
markets in May to raise around 525 million euros ($598 million)
through an offer of new shares in the initial public offering
(IPO).
Read more
Monday, April 4, 2016
Ghana to hold roadshow next week ahead of Eurobond sale
meet investors in London and New York next week ahead of the
likely launch of a new Eurobond, Finance Minister Seth Terkper
said on Friday.
Read more
Sunday, April 3, 2016
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Friday, April 1, 2016
Thursday, March 31, 2016
UPDATE 1-Bank of Cyprus plans to list on London stock exchange
Mediterranean island's biggest lender, said on Thursday it plans
a premium listing on the London Stock Exchange as soon as the
second half of 2016, and will de-list from the Athens bourse.
Read more
Ireland stuns with 2.35% coupon on Century bond
left open-mouthed after Ireland managed to get 100-year debt
away at a coupon of 2.35%, an indication both of the country's
own recovery as well as the effect monetary policy has had on
European government bonds.
Read more
UPDATE 5-Premier Foods agrees to meet McCormick after improved offer
(Adds details on Nissin raising stake; updates shares)
Read more
Wednesday, March 30, 2016
Saudi's Savola says EBRD will invest $100 mln in Egypt subsidiary
products company, Savola Group, said on Tuesday the
European Bank for Reconstruction and Development
(EBRD) will invest $100 million in one of its indirect
subsidiaries in Egypt.
Read more
Tuesday, March 29, 2016
ADB mulls $450 mln loan for Shah Deniz II gas project in Azerbaijan
is considering a $450 million loan to Azerbaijan to help expand
its Shah Deniz natural gas project, the bank said on Tuesday.
Read more
Russia's Rusagro may increase capex in 2016 -CEO
increase capital expenditure this year as the farming
conglomerate prepares to launch a greenhouse project to grow
vegetables and expand its sugar capacity, Chief Executive Maxim
Basov said on Monday.
Read more
Monday, March 28, 2016
BRIEF-Russia's Rusagro mulls buying more Razgulay assets - CEO
assets, CEO Maxim Basov told a conference call on
Monday.
Read more
Egypt to offer shares of AAIB and Banque du Caire on bourse
stake in Arab African International Bank (AAIB) and 20 percent
of Banque du Caire on the Egyptian stock market at the end of
the year, central bank governor Tarek Amer said.
Read more
Sunday, March 27, 2016
UPDATE 4-Argentina names banks for bond offer
to manage its upcoming international bond sale, its first in
over 15 years, sources familiar with the matter told IFR on
Tuesday.
Read more
Saturday, March 26, 2016
Tuesday, March 22, 2016
Rise in Anglo American share price could offer chance to fill its coffers
American's share price since late January means the time
could be ripe for a rights issue rather than an asset fire sale
to boost its defences against tumbling commodity prices, fund
managers say.
Read more
UPDATE 1-Woodford trust changes strategy, drops capital raising
less than a year ago by star fund manager Neil Woodford is
increasing its focus on early-stage companies and abandoning
near-term plans to raise more capital, it said on Tuesday, after
its net asset value fell nearly 3 percent.
Read more