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
Wednesday, August 31, 2016
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
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
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
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
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
AstraZeneca said it had agreed to sell its small
molecule antibiotics business to Pfizer in a deal that
could reach more than $1.5 billion.
Read more
Tuesday, August 23, 2016
UK court says SABMiller shareholders can be split into two classes
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
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
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
this month as tighter spreads, favourable currency moves and
huge demand for higher-yielding US assets has lowered the cost
of borrowing in US dollars.
Read more
Friday, August 19, 2016
Monday, August 15, 2016
UPDATE 1-Australia's Aura Energy to float shares in London by end September
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
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
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
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
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
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
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
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
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
US$15bn of investor orders for its US$2.65bn (£2bn) Additional
Tier 1 bond on Wednesday, the first AT1 from a UK bank since the
Brexit vote in June.
Read more
RBS to price £2bn-equivalent dollar AT1 bond at 8.625%
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
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
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
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
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
just over £6.5bn of bonds since the UK voted to leave the
European Union, as the sterling primary market fights back and
issuers take advantage of attractive funding costs.
Read more
Monday, August 1, 2016
UK welcome first London sale of rupee bond from Indian private company
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
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
Additional Tier 1 capital market in the weeks ahead, as
yield-starved investors find more to like in the risky asset
class.
Read more
Subscribe to:
Posts (Atom)