Friday, December 30, 2016

Bankers cautious on outlook for global equity deals after 2016 slide

LONDON, Dec 30 (Reuters) - Global equity raising fell by

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

MILAN/LONDON, Dec 23 (Reuters) - On the morning of July 29,

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

MILAN/LONDON, Dec 23 (Reuters) - On the morning of July 29,

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

MILAN, Dec 22 (Reuters) - Italy's wealthy family businesses,

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

DUBAI, Dec 20 (Reuters) - A Middle Eastern investment

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

DUBAI, Dec 20 (Reuters) - Kuwait's Warba Bank has

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

RPT-UPDATE 3-Italy seeks to borrow 20 bln euros to prop up banking sector

* Must raise 5 bln euros in capital, sell bad loans this

year

Read more

BRIEF-Old Mutual says raises $291 mln from OM Asset Management share sale

* Says OM Asset Management announced today closed its

underwritten public offering of 14.95 million of its ordinary

shares.

Read more

UPDATE 3-Italy seeks to borrow 20 bln euros to prop up banking sector

* Must raise 5 bln euros in capital, sell bad loans this

year

Read more

Monday, December 19, 2016

UPDATE 1-BP strikes deal for 10 percent stake in Abu Dhabi's ADCO concession

DUBAI, Dec 17 (Reuters) - BP became the second

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

DUBLIN, Dec 16 (Reuters) - Ireland announced on Friday the

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

UPDATE 1-Actavis UK raised drug prices 12,000 pct, watchdog finds

* Cost of hydrocortisone tablets soared for UK's health

service

Read more

CORRECTED-Actavis UK raised drug prices 12,000 pct, watchdog finds

Dec 16 (Reuters) - Drug maker Actavis UK broke competition

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

BANGKOK, Dec 15 (Reuters) - Thailand's Central Bankruptcy

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

* Shares down 0.5 pct after big jump on results on Wednesday

(Adds details from presentations)

Read more

Metro consumer electronics unit to seek acquisitions

BERLIN, Dec 15 (Reuters) - German retailer Metro

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

LONDON, Dec 12 (Reuters) - Rio Tinto said

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

MOSCOW, Dec 9 (Reuters) - Russian billionaire Vladimir Lisin

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

In quiet times, Barclays bets on investment banking in Brexit UK

* Barclays aims to integrate corporate and investment bank

in UK

Read more

Russia's Evraz considers convertible bond issue in 2017-sources

MOSCOW, Dec 7 (Reuters) - Russia's Evraz, one of

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

LAGOS, Dec 7 (Reuters) - Nigeria has appointed Citigroup

, 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

* Drugmakers dispute decision and plan to appeal

(Adds detail on previous largest fine, other pharmaceutical

cases)

Read more

MOVES-Pemberton hires Challis as portfolio manager

LONDON, Dec 7 (Reuters) - Pemberton, the asset management

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

LONDON, Dec 7 (Reuters) - Britain's competition watchdog

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

LONDON, Dec 6 (Reuters) - Glencore will likely fall

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

UPDATE 3-Russia's Rosneft offers $9.4 bln in local bonds and eyes Egyptian investment

* Rosneft says bonds needed for foreign projects,

refinancing

Read more

Monday, December 5, 2016

UPDATE 1-RBS agrees $1 billion payout over 2008 fundraising case

* Shares rise more than 2 percent

(Recasts, adds details, CEO quote)

Read more

RBS settles with majority of claimants over 2008 share issue

LONDON, Dec 5 (Reuters) - Royal Bank of Scotland

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

LONDON, Dec 1 (Reuters) - AstraZeneca has signed a

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

FRANKFURT, Nov 30 (Reuters) - Private equity firm BC

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

MILAN, Nov 29 (Reuters) - Italian lender UniCredit

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

LONDON, Nov 30 (IFR) - UK banks' Additional Tier 1 bonds

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

LONDON, Nov 29 (IFR) - The United Kingdom Debt Management

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

LONDON, Nov 29 (IFR) - The United Kingdom Debt Management

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

LONDON, Nov 29 (IFR) - Demand for the United Kingdom Debt

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

FRANKFURT, Nov 28 (Reuters) - German restaurant chain

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

LONDON, Nov 29 (IFR) - The United Kingdom Debt Management

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

MOSCOW, Nov 25 (Reuters) - Mikhail Gutseriyev, a co-owner of

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

MOSCOW, Nov 24 (Reuters) - Russia's largest oil producer

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

LONDON, Nov 23 (IFR) - Barclays dismissed one of its most

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

LONDON, Nov 23 (IFR) - The Serious Fraud Office has been ordered by a UK judge to argue in

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

DUBLIN, Nov 17 (Reuters) - Ireland has begun the process of

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

Thursday, November 17, 2016

UPDATE 1-Mediobanca targets acquisitions in wealth management drive



Read more

BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017

* Plans new eurobond issue not earlier than Q2 2017

Further company coverage:

(Reporting By Moscow Newsroom)

Read more

UPDATE 1-Mediobanca targets acquisitions in wealth management drive



Read more

BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017

* Plans new eurobond issue not earlier than Q2 2017

Further company coverage:

(Reporting By Moscow Newsroom)

Read more

UPDATE 1-Mediobanca targets acquisitions in wealth management drive



Read more

BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017

* Plans new eurobond issue not earlier than Q2 2017

Further company coverage:

(Reporting By Moscow Newsroom)

Read more

UPDATE 1-Mediobanca targets acquisitions in wealth management drive



Read more

BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017

* Plans new eurobond issue not earlier than Q2 2017

Further company coverage:

(Reporting By Moscow Newsroom)

Read more

UPDATE 1-Mediobanca targets acquisitions in wealth management drive



Read more

BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017

* Plans new eurobond issue not earlier than Q2 2017

Further company coverage:

(Reporting By Moscow Newsroom)

Read more

UPDATE 1-Mediobanca targets acquisitions in wealth management drive



Read more

BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017

* Plans new eurobond issue not earlier than Q2 2017

Further company coverage:

(Reporting By Moscow Newsroom)

Read more

UPDATE 1-Mediobanca targets acquisitions in wealth management drive



Read more

BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017

* Plans new eurobond issue not earlier than Q2 2017

Further company coverage:

(Reporting By Moscow Newsroom)

Read more

UPDATE 1-Mediobanca targets acquisitions in wealth management drive



Read more

BRIEF-Russia's Phosagro says sees new eurobond issue not earlier than Q2 2017

* Plans new eurobond issue not earlier than Q2 2017

Further company coverage:

(Reporting By Moscow Newsroom)

Read more

PRESS DIGEST- Financial Times - Nov 17

Nov 17 (Reuters) - The following are the top stories in the

Financial Times. Reuters has not verified these stories and does

not vouch for their accuracy.

Read more

UPDATE 1-Mediobanca targets acquisitions in wealth management drive



Read more

PRESS DIGEST- Financial Times - Nov 17

Nov 17 (Reuters) - The following are the top stories in the

Financial Times. Reuters has not verified these stories and does

not vouch for their accuracy.

Read more

UPDATE 1-Mediobanca targets acquisitions in wealth management drive



Read more

UPDATE 1-S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical

* Plans for rights issue dent share price

(Adds company comment, detail)

Read more

PRESS DIGEST- Financial Times - Nov 17

Nov 17 (Reuters) - The following are the top stories in the

Financial Times. Reuters has not verified these stories and does

not vouch for their accuracy.

Read more

UPDATE 1-S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical

* Plans for rights issue dent share price

(Adds company comment, detail)

Read more

PRESS DIGEST- Financial Times - Nov 17

Nov 17 (Reuters) - The following are the top stories in the

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

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

UPDATE 1-S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical

* Plans for rights issue dent share price

(Adds company comment, detail)

Read more

UK private equity firm Actis sells out of Ugandan utility Umeme

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

UPDATE 1-S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical

* Plans for rights issue dent share price

(Adds company comment, detail)

Read more

UK private equity firm Actis sells out of Ugandan utility Umeme

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

UPDATE 1-S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical

* Plans for rights issue dent share price

(Adds company comment, detail)

Read more

Wednesday, November 16, 2016

UK private equity firm Actis sells out of Ugandan utility Umeme

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

UPDATE 1-S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical

* Plans for rights issue dent share price

(Adds company comment, detail)

Read more

UK private equity firm Actis sells out of Ugandan utility Umeme

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

UPDATE 1-S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical

* Plans for rights issue dent share price

(Adds company comment, detail)

Read more

UK private equity firm Actis sells out of Ugandan utility Umeme

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

UPDATE 1-S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical

* Plans for rights issue dent share price

(Adds company comment, detail)

Read more

UK private equity firm Actis sells out of Ugandan utility Umeme

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

UPDATE 1-S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical

* Plans for rights issue dent share price

(Adds company comment, detail)

Read more

UK private equity firm Actis sells out of Ugandan utility Umeme

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

UPDATE 1-S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical

* Plans for rights issue dent share price

(Adds company comment, detail)

Read more

Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

KAMPALA, Nov 16 (Reuters) - British private equity firm

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

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil

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

LONDON, Nov 15 (Reuters) - British mobile operator Vodafone

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

MOSCOW, Nov 14 (Reuters) - Russian tycoon Mikhail Gutseriyev

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

LONDON, Nov 14 (Reuters) - Britain's biggest sandwich maker

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

FRANKFURT, Nov 14 (Reuters) - Thermal plant operator RWE

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

LONDON, Nov 14 (Reuters) - Irish-based Greencore Group

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

DUBLIN, Nov 10 (Reuters) - Ireland will hold open the

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

MOSCOW, Nov 14 (Reuters) - Russia's tycoon Mikhail

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

Thursday, November 10, 2016

Ghana sells 438 mln cedis ($110 mln) in first 10-yr domestic bond

ACCRA, Nov 10 (Reuters) - Ghana accepted 438 million cedis

($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

UPDATE 1-Ghana raises $110 mln via first 10-year domestic bond

* Sale draws bids for more than 3 times initial target

amount

Read more

UK and China agree closer ties between London and Shanghai stock markets

LONDON, Nov 10 (Reuters) - Britain and China have agreed to

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

Nov 10 (Reuters) - Professional services firm KPMG

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

* It had received valid acceptances in respect of

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

LONDON, Nov 8 (Reuters) - A green investment that for the

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

LONDON, Nov 4 (IFR) - Holders of old style hybrid Tier 1

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

FRANKFURT, Nov 4 (Reuters) - Germany's state-owned railway

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

LONDON, Nov 4 (IFR) - Chris Agathangelou has been hired by

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

* ICICI Pru Life's IPO biggest in India in six years

(Updates subscription, adds IPO market outlook)

Read more

UPDATE 1-Denmark's Nets to launch early IPO on Friday due to share demand

COPENHAGEN, Sept 21 (Reuters) - Denmark's Nets will list in

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

COPENHAGEN, Sept 21 (Reuters) - Denmark-based card payment

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

UPDATE 3-Bain in $1.5 bln South African Edcon debt for equity deal

* Bain bought business for $3.5 bln in 2007

(Adds Edcon asset sale)

Read more

Tuesday, September 20, 2016

Investors still hooked on US corporate bonds

NEW YORK, Sept 16 (IFR) - There are still no visible signs

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

* Ardagh group chairman Coulson says hopes listing of

subsidiary will take place in H1 17, market conditions

permitting

Read more

Corporate bonds wobble despite ECB support

LONDON, Sept 16 (IFR) - The hectic pace of issuance in

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

LONDON, Sept 16 (IFR) - Deutsche Bank faces the prospect of

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

* Informa to buy Penton from private equity firms

(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

FRANKFURT, Sept 15 (Reuters) - HSBC is considering

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

* Informa continues growth acceleration plan with proposed

£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

JOHANNESBURG, Sept 14 (Reuters) - South African investment

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

LONDON, Sept 13 (Reuters) - Investors are reluctant to back

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

PARIS, Sept 14 (Reuters) - France's Safran could

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

RPT-Timing is everything as European banks ride the CoCos revival

* Low interest rates have driven feverish demand for CoCo

bonds

Read more

Tuesday, September 13, 2016

Investors reluctant to back Monte Paschi's cash call

LONDON, Sept 13 (Reuters) - Investors are reluctant to back

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

Timing is everything as European banks ride the CoCos revival

* Low interest rates have driven feverish demand for CoCo

bonds

Read more

National Grid Gas takes sterling market by storm in run-up to CBPS

LONDON, Sept 13 (IFR) - National Grid Gas Finance is poised

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

UPDATE 2-Nets' IPO pricing values Danish payments business at up to $4.8 bln

* Operates in increasingly competitive mobile payments

sector

Read more

RPT-INVESTMENT FOCUS-The world according to Tina and Gary

LONDON, Sept 9 (Reuters) - A stagnant world economy littered

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

LONDON, Sept 12 (IFR) - Welcome to the IFR Capital Markets

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

LONDON, Sept 9 (IFR) - Corporate and financial issuers that

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

LONDON, Sept 9 (Reuters) - A stagnant world economy littered

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

MUMBAI, Sept 8 (Reuters) - India's ICICI Prudential Life

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

LONDON, Sept 8 (IFR) - Ardagh pitched upcoming IPO plans to

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

* Plans to increase revenue to 56.3 billion roubles ($873.5

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

Sept 6 (Reuters) - The following are the top stories on the

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

LONDON, Sept 5 (IFR) - Investors are piling into sterling

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

NEW YORK, Sept 2 (IFR) - Intelsat launched its third

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

VLADIVOSTOK, Russia, Sept 2 (Reuters) - Russia's largest

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

Sept 2 (Reuters) - Segro Plc, Britain's largest

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

COPENHAGEN, Aug 31 (Reuters) - Denmark-based card payment

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

LONDON, Aug 31 (Reuters) - The two main UK pension funds of

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

UPDATE 1-Payments company Nets to set listing plan in motion next week

* Nets could be valued at up to 35 bln crowns ($5.3 bln)

(Adds detail, sources)

Read more

Saturday, August 27, 2016

UPDATE 1-Vodafone India to delay IPO filing until towards end-2016 - IFR

MUMBAI, Aug 25 (Reuters) - Vodafone Group Plc's

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

LONDON, Aug 24 (IFR) - John Langley, Barclays' head of

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

MUMBAI, Aug 25 (Reuters) - Vodafone Group Plc's

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

MUMBAI, Aug 24 (Reuters) - An up to $261 million share sale

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

LONDON, Aug 24 (Reuters) - Pharmaceutical company

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

UPDATE 1-Pfizer to buy antibiotics business from AstraZeneca

* Says deal fits strategy of focusing on cancer and other

areas

Read more

Tuesday, August 23, 2016

UPDATE 2-UK court says SABMiller shareholders can be split into two classes

* UK court ruling effectively raises investor approval

hurdle

Read more

UK court says SABMiller shareholders can be split into two classes

LONDON, Aug 23 (Reuters) - A UK court has ruled that

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

HONG KONG, Aug 23 (IFR) - Barclays PLC has mandated

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

NEW YORK, Aug 19 (IFR) - Yankee bank issuance has soared

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

Monday, August 15, 2016

UPDATE 1-Australia's Aura Energy to float shares in London by end September

LONDON, Aug 15 (Reuters) - Australian uranium miner Aura

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

LONDON, Aug 15 (Reuters) - Australian uranium miner Aura

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

LONDON, Aug 12 (IFR) - Sterling bond issuance has boomed since the Bank of England announced

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

WARSAW, Aug 12 (Reuters) - Poland has picked HSBC and Bank

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

NEW YORK, Aug 11 (IFR) - Issuance of risky Additional Tier 1

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

LONDON, Aug 11 (IFR) - Standard Chartered has attracted over

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

LONDON, Aug 11 (IFR) - Demand for Standard Chartered's

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

* Confirms that mr mutiu sunmonu, former managing director

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

LONDON, Aug 10 (IFR) - Royal Bank of Scotland attracted

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

BRIEF-E.ON CFO says expects fierce competition in Britain

* Cfo says expects competition in britain to intensify next

year

Read more

RBS to price £2bn-equivalent dollar AT1 bond at 8.625%

LONDON, Aug 10 (IFR) - Royal Bank of Scotland is set to

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

LONDON, Aug 8 (IFR) - HSBC, BNP Paribas and BMW are taking

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

- 'Window shop period' in respect of its takeover proposal

for Nortek inc. ("nortek") expired without Nortek having

received a superior proposal

Read more

Sterling corporates on winning streak as BoE restarts QE

LONDON, Aug 4 (IFR) - Sterling corporate bonds rallied hard

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

LONDON, Aug 4 (IFR) - Corporates and financials have sold

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

TREASURIES-Yields rise on Microsoft bond offering, profit-taking

* Appetite for Microsoft offering skews demand away from

U.S. Treasuries

Read more

Monday, August 1, 2016

UK welcome first London sale of rupee bond from Indian private company

LONDON, Aug 1 (Reuters) - British finance minister Philip

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

NEW YORK, July 29 (IFR) - Several UK banks could reopen the

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

OSLO/BENGALURU, July 29 (Reuters) - Norwegian energy firm

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

UPDATE 3-Avnet's $911 mln offer for Premier Farnell tops Daetwyler's bid

* Premier Farnell shares rise 17.8 pct

(Adds Avnet comment, shares move)

Read more

Thursday, July 28, 2016

UK sells 50-year index-linked bond via syndication at record-low real yield

LONDON, July 26 (Reuters) - The UK Debt Management Office

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

PARIS, July 26 (Reuters) - Shareholders of France's EDF

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

DUBLIN, July 20 (Reuters) - The aircraft leasing arm of

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

PARIS, July 26 (Reuters) - Shareholders of France's EDF

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

LONDON, July 19 (Reuters) - Gulf Keystone's stock

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

LONDON, July 19 (Reuters) - Gulf Keystone's stock

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

PARIS, July 18 (Reuters) - France's competition authority on

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

LONDON, July 18 (IFR) - SoftBank Group said it has "no

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

LONDON, July 18 (Reuters) - The Children's Investment Fund

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

LONDON, July 18 (Reuters) - Japan's SoftBank Group Corp

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

LONDON, July 15 (Reuters) - Britain's debt agency chose

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

Wednesday, July 13, 2016

UPDATE 2-Steinhoff gets its European deal with $800 mln Poundland buy

* Buyout price lower than 2014 flotation level

(Adds analyst, Poundland chairman comment)

Read more

REFILE-Steinhoff agrees $794 mln takeover of UK's Poundland

LONDON, July 13 (Reuters) - South Africa's Steinhoff

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

* Melrose to fund deal through new debt, share issue

(Adds investment banking consultant, updates shares)

Read more

Wednesday, July 6, 2016

Brexit could delay car parts firm TI Automotive's IPO - sources

FRANKFURT/LONDON, July 6 (Reuters) - The planned stock

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

Banks fight back after post-Brexit sell-off

* Lloyds, Santander sell first UK bank bonds since Brexit

vote

Read more

Friday, July 1, 2016

OPINION-Italy, or how not to deal with a banking problem

LONDON, July 1 (IFR) - Italy this week exploited the stormy

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

LONDON, July 1 (IFR) - Santander UK is marketing a sterling

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

MOSCOW, July 1 (Reuters) - Russian oil company Russneft

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

LONDON, June 30 (IFR) - British American Tobacco and

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

DUBLIN, June 30 (Reuters) - Ireland could review its plans

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

LONDON/HONG KONG, June 30 (Reuters) - Global equity capital

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

LONDON, June 29 (IFR) - Patrick Dupont-Liot has joined

Standard Chartered Bank as executive director in the European

DCM corporates team.

Read more

Cinven raises 7 bln euros for latest buyout fund

LONDON, June 29 (Reuters) - European private equity firm

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

June 28 - Talend SA filed with U.S. regulators on Tuesday to

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

LONDON, June 28 (IFR) - The favourable regulatory treatment

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

LONDON, June 27 (IFR) - European banks' Additional Tier 1

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

LONDON, June 28 (IFR) - The UK could struggle to orchestrate

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

LONDON, June 24 (IFR) - UK bank bonds were hit hard in

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

LONDON, June 24 (IFR) - Bankers covering public sector debt

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

LONDON, June 24 (IFR) - UK bank names are under pressure in

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

* Set to be biggest IPO in India since 2010

(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

HONG KONG, June 23 (Reuters) - Vodafone Group is

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

* Pleased to announce that it proposes to raise, in

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

NEW YORK, June 21 (IFR) - Bonds issued by Samarco fell four

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

TBILISI, June 20 (Reuters) - The European Bank for

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

NEW YORK, June 17 (IFR) - After weeks of hectic issuance,

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

* HDFC Life puts IPO plan on hold, deal to give automatic

listing

(Recasts with executive comments, details)

Read more

Russneft says may sell up to 10 pct in Moscow IPO -Interfax

MOSCOW, June 17 (Reuters) - Russia's Russneft is considering

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

LONDON, June 16 (Reuters) - Roche's two-drug

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

LONDON, June 16 (IFR) - Lloyds Banking Group won a decisive

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+

LONDON, June 16 (Reuters) - Southeastern Concentrated Value,

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

LONDON, June 16 (IFR) - Lloyds Banking Group won a decisive

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

LONDON, June 15 (Reuters) - Oil major Royal Dutch Shell

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

BRIEF-Russia's NLMK places $700 mln in 7-yr Eurobond at 4.5 pct coupon rate

* Places $700 million in 7-year Eurobond at 4.5 percent

coupon rate;

Read more

UPDATE 2-Steinhoff weighs bid for UK's Poundland in fresh European push

* Approach emerges on eve of annual results

(Adds analysts comment)

Read more

UPDATE 2-Swiss Daetwyler agrees $1.1 bln deal to buy Premier Farnell

* Premier Farnell shares soar 50 percent

(Adds analyst comments, context, details, share movement)

Read more

Tuesday, June 14, 2016

UPDATE 1-British shale gas firm IGas Energy seeks investors

June 14 (Reuters) - Britain's largest shale gas developer

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

WARSAW, June 14 (Reuters) - Polish freight and cargo company

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

* Placing of 9,230,770 new ordinary shares ("placing

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

ATHENS, June 10 (Reuters) - Greece's cement maker Titan

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

LONDON, June 10 (IFR) - A barrage of Russian corporate deals

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

OSLO/LONDON, June 10 (Reuters) - Oil companies BP and

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

PARIS, June 9 (Reuters) - Airbus Group said on

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

June 9 (Reuters) - Time Out Group Plc , the

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

June 9 (Reuters) - Time Out Group Plc , the

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

LONDON, June 9 (IFR) - Evraz has announced guidance of

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

MOSCOW, June 9 (Reuters) - Evraz, one of Russia's

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

LONDON, June 9 (IFR) - Russian steel company Evraz has begun

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

WELLINGTON, June 9 (Reuters) - Sky Network Ltd and

Vodafone Group Plc have announced a deal under which Sky

and Vodafone's New Zealand unit would merge.

Read more

Wednesday, June 8, 2016

UPDATE 3-ECB starts corporate bond buying with big names

* Programme expected to start small then ramp up

(Updates with historic bond data)

Read more

UPDATE 1-Ireland says full Allied Irish reprivatisation could take 15 years

* Any increase in bank levies could render ptsb unviable

(Adds details)

Read more

Full Allied Irish reprivatisation may take 15 years - finance ministry

DUBLIN, June 8 (Reuters) - It will take Ireland between 8

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

LONDON, June 7 (IFR) - UK banks' subordinated debt has

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 support its continued growth, it proposes to raise up

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

MOSCOW, June 6 (Reuters) - Russian mid-sized oil producer

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

* Ireland's eir telecom operator announces launch of 350

million senior secured notes offering

Read more

British biopharma start-up Mereo to list in London

LONDON, June 6 (Reuters) - Mereo BioPharma Group, a

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

MOSCOW, June 3 (Reuters) - Russian corporate borrowers plan

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

SEOUL, June 3 (Reuters) - A report that South Korea's Hotel

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

June 1 (Reuters) - Switzerland's AC Immune, which already

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

May 31 (Reuters) - The following are the top stories on the

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

LONDON, May 30 (Reuters) - The Wellcome Trust medical

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

LONDON, May 25 (Reuters) - Shares in Britain's state-backed

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

Tuesday, May 24, 2016

UPDATE 1-UK waste manager Shanks considers bid for Van Gansewinkel

May 24 (Reuters) - Britain's Shanks Group Plc is

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

LONDON, May 24 (IFR) - HSBC is marketing a US dollar

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

PRAGUE, May 23 (Reuters) - Czech miners' unions have teamed

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

LONDON, May 24 (IFR) - HSBC has started marketing a US

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

LONDON/AMSTERDAM, May 20 (Reuters) - A slowdown in company

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

DUBLIN, May 19 (Reuters) - Ryanair plans to finance itself

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

LONDON, May 19 (Reuters) - BP intends to raise 400

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

AMSTERDAM, May 17 (Reuters) - Dutch gym chain Basic-Fit,

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

LONDON, May 19 (Reuters) - British private equity firm 3i

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

May 12 (Reuters) - Goldman Sachs Group Inc is hosting

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

May 12 (Reuters) - Goldman Sachs Group Inc is hosting

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

LONDON, May 12 (Reuters) - Scotland's public prosecutor said

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

May 11 (IFR) - KPMG is making progress in building out its

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

HONG KONG, May 11 (Reuters) - Chinese banks have for the

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

DHAHRAN, May 10 (Reuters) - Saudi Aramco is in the final

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

* Termination of heads of terms agreement regarding

potential acquisition of solopower systems holdings, inc.

Read more

Thursday, May 5, 2016

Barclays raises $876 million from African business share sale

LONDON, May 5 (Reuters) - Barclays said on Thursday

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

BRIEF-Barclays raises 603 mln stg in Barclays Africa share sale

* Raises aggregate gross sale proceeds of approximately zar

13,053 million (£603 million)

Read more

Wednesday, May 4, 2016

UPDATE 1-Barclays begins offloading Africa business with 12 pct stake sale

* PIC not part of a consortium looking at BAG stake -source

(Recasts with Barclays selling 12 pct stake )

Read more

Barclays says to sell 12 pct stake in African business

LONDON, May 4 (Reuters) - Barclays said on

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

* CEO predicts Frankfurt IPOs in wake of LSE merger

(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

FRANKFURT, May 3 (Reuters) - Germany's Deutsche Boerse

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

LONDON, May 3 (IFR) - HSBC said it expects to be "pretty

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

April 29 (IFR) - UK telecom giant Vodafone has

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

LONDON, April 29 (Reuters) - U.S. buyout house Clayton

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

MOSCOW, April 28 (Reuters) - Russian farming conglomerate

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

MOSCOW, April 27 (Reuters) - Russian farming conglomerate

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

LONDON, April 27 (IFR) - The race to print the first

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

* Luxury EVs priced above 60,000 euros won't benefit

(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

MOSCOW, April 27 (Reuters) - The price guidance for Russian

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

* Has completed the offering of $200 million principal

amount of senior unsecured guaranteed convertible bonds due

2021;

Read more

Glencore sets level at 2.25% on bond issue

LONDON, April 26 (IFR) - Glencore has set guidance at 2.25%

for a minimum SFr225m May 2021 bond issue, according to a lead

manager.

Read more

Glencore increases minimum size of bond market issue

LONDON, April 26 (IFR) - Glencore has raised the size of its

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

LONDON, April 26 (IFR) - Glencore is hoping to sell its

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

LONDON, April 26 (IFR) - Glencore has started marketing a

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

MOSCOW, April 26 (Reuters) - Russian steel major Severstal

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

MOSCOW, April 26 (Reuters) - Books for Russian farming

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

LONDON, April 26 (Reuters) - British engineering company

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

PARIS, April 25 (Reuters) - French retailer Fnac

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

* Source says state EDF stake to remain around 85 pct

(Adds CEO, finance ministry source comments)

Read more

Friday, April 22, 2016

France to invest 3 bln euros in EDF, accept dividends in shares

PARIS, April 22 (Reuters) - The French state will subscribe

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.

Read more

UPDATE 2-EDF secures state-backed finance deal ahead of Hinkley Point decision

* Source says state EDF stake to remain around 85 pct

(Adds CEO, finance ministry source comments)

Read more

Investors pull $7.3 bln from stocks, largest outflow in nine weeks -BAML

LONDON, April 22 (Reuters) - Investors withdrew $7.3 billion

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.

Read more

EDF to propose 4 bln-euro share issue, scrip dividends in 2016-17

PARIS, April 22 (Reuters) - French state-controlled utility

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

* Vodafone India's second-largest mobile phone operator

(Adds Vodafone's India tax row, industry context)

Read more

UPDATE 1-Russia's Rusagro launches secondary share offering to raise $250 mln

MOSCOW, April 21 (Reuters) - Russian farming conglomerate

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

MOSCOW, April 21 (Reuters) - Russian farming conglomerate

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

April 20 (Reuters) - Conforama has increased its cash offer

for shares in electronics retailer Darty Plc it does

not already own to 138 pence per share, Conforama's parent

company said on Wednesday.

Read more

Wednesday, April 20, 2016

Catastrophe bond issuance hits record $2 bln in Q1 - report

LONDON, April 20 (Reuters) - Catastrophe bond issuance rose

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.

Read more

India's HDFC to list up to 10 pct stake in life insurance JV

MUMBAI, April 19 (Reuters) - Indian mortgage lender Housing

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

NEW YORK, April 15 (IFR) - Banks leading Argentina's jumbo

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

BUENOS AIRES, April 15 (Reuters) - Argentina confirmed the

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

LONDON, April 15 (Reuters) - Investors pulled $6.2 billion

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

LONDON, April 14 (Reuters) - Greencoat UK Wind Plc

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

LONDON, April 13 (Reuters) - Paulson & Co, the

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

LONDON, April 13 (Reuters) - Lloyds Banking Group

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

MOSCOW, April 13 (Reuters) - A debut Eurobond by Russian

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

LONDON, April 11 (IFR) - Daiwa Capital Markets Europe has

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

MOSCOW, April 6 (Reuters) - Russian agricultural company

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

DUBLIN, April 6 (Reuters) - The board of directors of Irish

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

Edf ceo levy says we want to keep the integrated model of

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

LONDON, April 5 (Reuters) - Barclays has warned

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

MADRID, April 4 (Reuters) - Theme park operator Parques

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

ACCRA, April 1 (Reuters) - Finance officials from Ghana will

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

(EN) Steam-Trader

Steam-trader.com - Trade platform Dota2, CS:GO, TF2, Gifts.

It is a unique traiding platform, allowing you to buy and sell cosmetic items of Dota 2, CS:GO, Team Fortress2 or Games (Gifts) for real money, at the best prices! Trading platform consists of four sections, which are interlinked by a shared wallet that will allow you to sell things in one section and buy them in another. Deposit and withdrawal funds available with the help of multiple payment systems. Earn - resting! Successful auction!

Go to Steam-trader

Steam-Trader

Steam-trader - Торговая площадка Dota2, CS:GO, TF2, Gifts.

Это уникальная торговая площадка, позволяющая покупать и продавать Игры или Гифты (Gift) Steam, а так же вещи Dota 2, CS:GO, Team Fortress2 за реальные деньги, без комиссии! Торговая площадка состоит из четырех разделов, которые связанны между собой общим кошельком, что позволит вам продавать вещи в одном разделе и покупать их в другом. Пополнение счета и вывод средств доступно при помощи множества платежных систем.

Выводи деньги из Steam! Зарабатывай - отдыхая!

Перейти на Steam-trader

Thursday, March 31, 2016

UPDATE 1-Bank of Cyprus plans to list on London stock exchange

ATHENS, March 31 (Reuters) - Bank of Cyprus, the

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

LONDON, March 31 (IFR) - Participants in the SSA market were

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

* Shore Capital urges shareholders to accept 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

DUBAI, March 29 (Reuters) - Saudi Arabia's largest food

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

BAKU, March 29 (Reuters) - The Asian Development Bank (ADB)

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

MOSCOW, March 28 (Reuters) - Russia's Rusagro may

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

* Rusagro is considering buying one or two more Razgulay

assets, CEO Maxim Basov told a conference call on

Monday.

Read more

Egypt to offer shares of AAIB and Banque du Caire on bourse

CAIRO, March 27 (Reuters) - Egypt will offer a 40 percent

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

NEW YORK, March 22 (IFR) - Argentina has hired seven banks

to manage its upcoming international bond sale, its first in

over 15 years, sources familiar with the matter told IFR on

Tuesday.

Read more

Tuesday, March 22, 2016

UPDATE 1-Western banks wary of helping Russian privatisations - bankers

* Deadline for banks to respond was Monday

(Adds quotes, background)

Read more

Rise in Anglo American share price could offer chance to fill its coffers

LONDON, March 22 (Reuters) - The doubling of Anglo

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

LONDON, March 22 (Reuters) - An investment trust launched

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