* ICICI Pru Life's IPO biggest in India in six years
(Updates subscription, adds IPO market outlook)
Read more
Wednesday, September 21, 2016
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
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
services company Nets will list in Copenhagen on Friday, four
days earlier than planned, after solid interest in its shares,
Danish broadcaster TV2 said Wednesday, citing unnamed sources.
Read more
Tuesday, September 20, 2016
Investors still hooked on US corporate bonds
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
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
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
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
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
(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
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
£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
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
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
make a decision on the potential sale of its Morpho biometrics
and security business for more than 2 billion euros by the end
of September, a person close to the process said on Wednesday.
Read more
Tuesday, September 13, 2016
Investors reluctant to back Monte Paschi's cash call
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
Monte dei Paschi di Siena's bid to raise billions of
euros, leading fund managers and a source with knowledge of the
matter told Reuters, posing a huge challenge for a new CEO
seeking to save the Italian bank.
Read more
National Grid Gas takes sterling market by storm in run-up to CBPS
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
to sell the biggest ever corporate sterling bond on Tuesday, a
trade that could not have been better timed with the Bank of
England announcing the previous day that four of the issuer's
bonds were eligible for its purchase programme.
Read more
RPT-INVESTMENT FOCUS-The world according to Tina and Gary
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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