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Equity

Latest news

  • Spain leads ECM as Aena taxis to jumbo listing

    Aena, one of the world’s largest airport operators, this week launched what could be the biggest public listing in Spain since 2007, consolidating the country’s overwhelming lead in Europe’s equity capital markets so far this year.

    • 29 Jan 2015
  • Greece plunges as Syriza heads for EU clash, but IPOs still on

    Greece’s general election was one of the big risks to equity capital markets on the calendar since the year began – but markets have so far shaken off the long-dreaded victory of Syriza, the hard left party – even though it won a stronger mandate and formed a governing coalition much more quickly than expected.

    • 29 Jan 2015
  • EFG-Hermes pulls block, not liking price

    A rare Egyptian accelerated bookbuild was abandoned on Thursday, after the trade in shares of EFG-Hermes, the Egyptian brokerage and asset manager, failed to find demand at a price the bank’s board was willing to sell at.

    • 29 Jan 2015
  • Blocks flourish as EDP, Aareal, GTT owners seek to clear out

    The pace of activity in equity block trades picked up this week, even though European markets fell as often as they rose.

    • 29 Jan 2015
  • OVS, rising Italian clothes chain, to IPO

    OVS, the Italian clothing retailer, has begun investor education for an IPO, which could involve about €350m of new shares being issued, as well as a smaller amount of secondary stock. They could add up to as much as 49% of the stock being listed.

    • 29 Jan 2015
  • GrandVision launches bookbuild, listing could reach nearly €1.3bn

    Optical retailer GrandVision on Monday published the prospectus for its IPO and announced the price range. It will be the first flotation in Amsterdam this year and only marginally smaller than the largest Dutch IPOs of 2014.

  • Elis launches €750m Paris public listing

    Elis, the French workwear laundry company owned by Eurazeo, on Wednesday launched its initial public offering in Paris, as it hopes to raise €750m to reduce its debt levels.

  • Sunrise IPO counts on UK, US interest

    Sunrise Communications Group, the Swiss telecoms firm, on Tuesday set the price range for its Sfr1.35bn Zurich IPO at Sfr58-Sfr78 a share, less than a fortnight after the Swiss National Bank unexpectedly dropped the Swiss franc’s exchange rate ceiling against the euro.

  • India flings open books for $3.7bn Coal India selldown

    The Modi administration launched its up to Rp226.13bn ($3.68bn) offer for sale of shares in Coal India on Friday, a mammoth trade which could be one of India’s biggest yet.

Recent highlights

Asia Pacific

  • Sinopec targets $4bn in year-end HK listing

    ECM bankers are preparing for what could be one of the largest IPOs in Hong Kong this year, as China Petroleum & Chemicals Corp, also known as Sinopec, gets the ball rolling for the roughly $4bn listing of its retail unit.

    • 16 Jan 2015
  • Huarong, CRSC eye multi-billion HK IPOs

    China Huarong Asset Management and China Railway Signal & Communication Corp (CRSC) are lining up to take the Hong Kong market by storm this year, with both companies looking to bring multi-billion dollar IPOs soon.

    • 15 Jan 2015
  • Jasmine infrastructure fund to relaunch $1.2bn IPO

    Thailand’s Jasmine Broadband Internet Infrastructure Fund expects to re-open books on its Bt36.67bn-Bt38.50bn ($1.12bn-$1.17bn) IPO in the first week of February and list before Chinese New Year, which falls on February 19.

    • 15 Jan 2015

Opinion

  • Santander’s block trade opens new avenue in capital raising

    Santander raised €7.5bn of new equity capital last week — an important deal under any circumstances. But most significantly, the deal was done as an accelerated bookbuild or block trade — something that had never been attempted on this scale outside the US. Equity bankers were impressed — and other issuers will be emboldened by Santander’s example.

    • 13 Jan 2015
  • SNB’s wake-up call: central banks can shock

    Perhaps it was stimulus envy — years of taking a back seat in the popular mind to the central banks of the US, the European Union, Japan and the UK.

    • 15 Jan 2015
  • Professional services join corporate finance fray

    Professional services firms will continue to beef up their corporate finance offerings in 2015, but that doesn’t mean they are looking to compete with investment banks, writes David Rothnie.

    • 15 Jan 2015

Market news

  • Citi’s head of Greater China CIB retires

    Citi’s Greater China head of corporate and investment banking (CIB), Roger Zhu, has retired, GlobalCapital Asia understands.

    • 16 Jan 2015
  • UPDATE: BGC fires back with GFI counteroffer within hours

    BGC Partners has retaliated within hours of CME Group announcing an increased tender offer for GFI Group at $5.60 per share, offering a non-contingent $5.75 per share offer that can increase up to $5.85 should the tender offer be accepted by the extended 29 January 2015 deadline. This price escalation represents the newest development in a nearly eight-month bidding war for the firm.

    • 15 Jan 2015
  • BayernLB and Berenberg join forces to win more corporate finance business

    Bayerische Landesbank and Berenberg, the Hamburg-based private investment bank, have announced an unusual deal to cooperate in corporate finance, designed to help both firms fill gaps in their product armouries, especially around mergers and acquisitions.

    • 08 Jan 2015

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jan 2015
1 Barclays 28,419.66 77 8.76%
2 JPMorgan 26,688.86 72 8.23%
3 Citi 24,028.42 64 7.41%
4 HSBC 21,259.01 74 6.55%
5 Morgan Stanley 19,362.83 50 5.97%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 JPMorgan 7,654.17 3 47.87%
2 Credit Agricole CIB 2,846.92 3 17.81%
3 Deutsche Bank 508.74 2 3.18%
3 Commerzbank Group 508.74 2 3.18%
5 Santander 452.07 2 2.83%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Goldman Sachs 4,919.26 4 36.34%
2 UBS 4,591.38 3 33.91%
3 Morgan Stanley 730.09 7 5.39%
4 Citi 569.24 4 4.20%
5 Liberum Capital Ltd 454.08 4 3.35%