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Equity

Top Equity News

  • Dubai Parks’ institutional slice oversubscribed early

    Dubai Parks and Resorts, a subsidiary of Meraas Holding, has received more than enough demand to complete the institutional tranche of its initial public offering, just three days after the deal was launched and a week before the deadline for commitments.

    • 20 Nov 2014
  • Enel increases retail portion of Endesa stock sale

    Italian power utility firm Enel will sell about 50% more Endesa shares to Spanish retail investors than it had originally planned, after strong demand for that tranche led to a 1.7 times oversubscription of the book.

    • 20 Nov 2014
  • BBVA’s €2bn capital increase for Garanti purchase ‘oversubscribed’

    BBVA is raising €2bn of fresh equity this 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.

    • 19 Nov 2014
  • Huge take-up for Numericable’s €4.7bn issue

    Numericable completed its €4.7bn capital increase this week, bringing to an end the financing for the French cable operator’s acquisition of SFR.

    • 19 Nov 2014
  • Big Yellow raises £79m with no discount

    Big Yellow Group, the UK provider of self-storage space, on Wednesday successfully completed the placing of over 14m new ordinary shares at Tuesday's closing share price of £5.475.

    • 19 Nov 2014
  • Informa forced to shrink equity raising for US acquisition

    Informa, the UK business-to-business publishing and events group, launched a cash box placing on Tuesday morning, hoping to raise about £275m to fully fund an acquisition of Hanley Wood Exhibitions, a US events business, which was announced simultaneously. Informa got the deal done, but only raised £207m after some top shareholders said they preferred a smaller deal.

    • 18 Nov 2014
  • Varde sells out of Crest Nicholson at tight discount

    Deutsche Bank and Barclays on Tuesday evening launched a block trade of a 10.09% stake worth £83m in Crest Nicholson, the UK housebuilder.

    • 18 Nov 2014
  • Rai Way IPO comes at bottom of range, trades well

    Shares in Rai Way, the broadcasting infrastructure arm of Italy’s state-owned radio and television station Rai, began trading this week, after the company priced its €280m IPO at the bottom end of the range.

    • 18 Nov 2014
  • Stolt-Nielsen block trade for Nkr396m nets keen demand

    An undisclosed institutional investor sold a 5.6% stake in Stolt-Nielsen, the Norwegian oil and gas shipping and storage company, today, through an accelerated bookbuild managed by ABG Sundal Collier.

    • 18 Nov 2014
  • Altice block trade increased to €338m as investors pile in

    Carlyle and Cinven, which launched a block trade on Monday night to sell a 2.2% stake in Altice, the French telecoms investment group, ended up increasing the sale after finding strong, though price-sensitive, demand.

    • 18 Nov 2014
  • Kegoc announces big drop in profit during IPO roadshow

    State-owned Kazakhstan Electricity Grid Operating Co (Kegoc) on Tuesday released its financial results for the first nine months of 2014, registering a 48% profit drop year-on-year, as the firm shows its planned Almaty listing to investors around the country.

    • 18 Nov 2014
  • Carlyle, Cinven sell 2% block of Altice amid PorTel battle

    Goldman Sachs and JP Morgan have launched this evening a block trade in Altice, the French telecoms investment group that has grabbed headlines this year for its takeover of French mobile phone company SFR – and which is now in a takeover battle for Portugal Telecom.

    • 17 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

Opinion

  • 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%