Top Equity News

  • Cattolica gets strong take-up on rights issue

    Società Cattolica di Assicurazione, the Italian insurance company, received strong demand for its €500m rights issue from investors, after an initially sharp market reaction to the planned capital raising.

    • 27 Nov 2014
  • Hurrah! CGN Power lights up lacklustre Hong Kong IPOs

    Hong Kong’s ECM market burst into life this week, with a slew of IPOs either being launched or starting pre-marketing. Top of the list was CGN Power, which is on track to become the largest listing in Hong Kong this year after opening books on Monday for a HK$24.52bn ($3.16bn) IPO.

    • 27 Nov 2014
  • Gearing to turn Juncker’s €21bn into €315bn

    The European Commission and European Investment Bank announced on Wednesday their much heralded plan to boost investment in Europe by €315bn, following an initiative by Jean-Claude Juncker, the incoming EC president.

    • 27 Nov 2014
  • Tessenderlo launches €174m rights issue

    Tessenderlo Chemie, the Belgian chemicals firm, launched a rights offering of up to around €174m on Wednesday, in part to strengthen the firm’s balance sheet ahead of anticipated debt refinancing in 2015 and 2016.

    • 27 Nov 2014
  • Clarkson issues new shares to fund Platou takeover

    Clarkson, the London-listed ship broker, raised £31.47m on Thursday through the sale of new shares in an accelerated bookbuild, as it prepares funds for the takeover of Norwegian peer RS Platou.

    • 27 Nov 2014
  • Mota-Engil Africa floats

    Mota-Engil, the Portuguese construction company, has floated a small stake in its African subsidiary on Euronext Amsterdam, through a spin-off without selling any stock.

    • 27 Nov 2014
  • CDON rights issue coming

    CDON Group, which claims to be the Nordic region’s leading ecommerce company, published on Thursday the prospectus for its one-for-two rights issue, in which it is hoping to raise about Skr647m (€70m) before transaction costs.

    • 27 Nov 2014
  • Dubai Parks moves step closer to listing

    Dubai Parks and Resorts, a subsidiary of Meraas Holding, on Thursday closed the subscription period for the institutional tranche of its $688m public offering on the Dubai Financial Market.

    • 27 Nov 2014
  • Thule climbs on debut after pricing IPO in upper range

    Thule, the Swedish car roof rack and bag maker, made a successful trading debut on Wednesday after pricing its IPO on Tuesday, “multiple times oversubscribed”.

    • 26 Nov 2014
  • DB sells €194m Amadeus block for collar

    Deutsche Bank completed on Wednesday morning a €194m sale of stock in Amadeus IT Holding, the Spanish travel software group. The overnight sale of a 1.4% stake was designed to hedge a collar transaction that Deutsche had provided for Air France KLM.

    • 26 Nov 2014
  • IPOs to end year well, bankers hope for December blocks

    It is not impossible that European stock markets could end this year at a new post-crisis high, so strong has been the recovery since the mid-October dip. It is probably too late, however, for many IPO candidates to benefit. Of the last three major deals of the year, two have now been completed.

    • 26 Nov 2014
  • Telekom Austria completes €1bn rights issue after AMX tender

    Telekom Austria, the telephone and internet services provider, has raised over €1bn in its first capital increase since Carlos Slim’s América Móvil (AMX) acquired a majority stake in the company earlier this year.

    • 25 Nov 2014
  • Danish retail investors grow wary of private equity listings

    Retail investors in Denmark will be wary of investing in IPOs of private equity-owned businesses after the sudden collapse this month of shipping fuel supplier OW Bunker.

    • 24 Nov 2014
  • Carl Bennet’s Lifco soars on debut after Skr4bn IPO

    Lifco, the Swedish company whose interests range from dental supplies to demolition equipment, made a successful trading debut on Friday, November 21 after its Skr3.83bn (€414m) IPO, leaping 32%. Although liquidity dried up in its shares on Monday, they rose again by 1% and traded sideways for the rest of this week.

    • 24 Nov 2014
  • Drillisch picks Berenberg to sell €145m of treasury shares

    Drillisch, the German telecoms company, launched this evening an accelerated bookbuild to sell about 9.76% of its stock, which it had held as treasury shares.

    • 24 Nov 2014
  • Arctic, Pareto, trade Nkr100m Akva block quickly

    Arctic Securities and Pareto Securities conducted a swift block trade today in shares of Akva Group, the Norwegian provider of technology and services to the fish farming industry.

    • 24 Nov 2014
  • BBVA raises €2bn in accelerated trade to up Garanti stake to 40%

    BBVA raised €2bn of fresh equity on Wednesday evening, to finance its acquisition of a 14.89% stake in Turkey’s Garanti Bank — taking its stake in the bank to 39.9%. The €2bn will pay for the whole stake.

    • 20 Nov 2014
  • Enel exercises greenshoe to sell 22% stake in Endesa

    Italian power utility firm Enel has decided to raise the number of shares it is selling in Endesa, after finding strong demand from investors.

    • 19 Nov 2014

Asia Pacific

  • PE firms head for the door as new opportunities to cash out of Indian companies come knocking

    Private equity names are lining up to exit from Indian companies, as the country’s booming stock market provides a conducive environment finally to take profits on long held investments. The number of exits has grown in the past six months and is expected to rise even further as PE firms position themselves to take full advantage of the opening of the issuance window, writes Rashmi Kumar.

    • 13 Nov 2014


  • Mustier’s legacy poses growth conundrum

    UniCredit’s outgoing CIB chief has delivered a more profitable, stable division for his successor. But it’s a low key handover, writes David Rothnie.

    • 13 Nov 2014

Market news

  • 'Political' TLAC plan disappoints as crucial questions left hanging

    The Financial Stability Board has published its hotly anticipated paper on the final round of new bank capital requirements — Total Loss Absorbing Capacity, or TLAC. But the consultation paper, rushed out ahead of the G20 meetings in Brisbane this weekend, leaves the most important questions unanswered.

    • 13 Nov 2014

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 298,805.91 1181 8.14%
2 Barclays 268,207.66 919 7.30%
3 Citi 262,519.94 1020 7.15%
4 Deutsche Bank 259,366.94 1042 7.06%
5 Bank of America Merrill Lynch 253,285.00 906 6.90%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Deutsche Bank 50,391.33 134 7.40%
2 BNP Paribas 47,024.00 196 6.90%
3 Citi 37,662.62 104 5.53%
4 HSBC 32,812.42 174 4.82%
5 Credit Agricole CIB 32,328.17 135 4.75%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 24,215.02 117 9.07%
2 Goldman Sachs 23,224.16 78 8.70%
3 Deutsche Bank 20,943.82 79 7.85%
4 UBS 20,462.41 83 7.67%
5 Bank of America Merrill Lynch 19,151.02 70 7.17%