Equity

Top Equity News

• Saudi market opening in sight with NCB in frame to be first

  Saudi Arabia moved this week to open up its $530bn stock market to international investors in what bankers said could be a game-changer for IPOs and other capital market deals from the country. National Commercial Bank, a lender with $100bn of assets, could be the one of the first listings accessible to foreign buyers, but market participants are waiting for more details of the reforms before starting the celebrations.

  • 24 Jul 2014
  

• Year of jumbo deals brings mixed fortunes for banks and issuers

  The equity capital markets have seen more jumbo deals than any time since 2008 so far in 2014, bringing league table success for the banks that have managed to pick up mandates on the deals for financial institutions.

  • 23 Jul 2014
  

• BSkyB wraps up £1.4bn capital increase

  British Sky Broadcasting Group (BSkyB) raised £1.36bn for a £4.9bn purchase of Sky Italia and a majority stake in Sky Deutschland through a 9.99% share placement on Friday, pricing the deal at a 5.95% discount to the pre-announcement close and a 2.2% discount to Friday's post-announcement open.

  • 25 Jul 2014
  

• Prisa sells Mediaset España stake in Spanish media shake-up

  Spanish media conglomerate Prisa sold its stake in Mediaset España back to the television firm on Thursday night, the latest part of Prisa’s wide ranging restructuring.

  • 25 Jul 2014
  

• NBG to sell Finansbank holding as part of Greek state aid agreement

  National Bank of Greece has agreed with regulators that it will sell down its holding in Turkish subsidiary Finansbank, it said on Wednesday evening.

  • 24 Jul 2014
  

Coverage Message

Where the Pope goes, the capital markets follow, it seems. Pope Francis is off to the Middle East this weekend  and, among other things, there will be a flurry of capital markets deals there awaiting him.

The Qatari royal family helped Deutsche achieve its €8bn capital raise this week, which might have added to some of the confusion that surrounded the deal. Sukuk is merging with socially responsible investing, with some Middle Eastern firms looking to launch the first green sukuk. And they’re likely to go well: Dar Al Arkan got a $1bn book for its $400m, non-green deal this week. But they could have competition from the Kangaroo market, where Middle Eastern issuers are headed. And it hasn’t gone unnoticed by the Russians, with Sberbank signing a memorandum of strategic co-operation with Abu Dhabi investment firm Invest AD.

If all that talk of the Middle East has you yearning for a change of scenery, these tales of corporate boomerangs — fleeing from and returning to firms including investment banks — might crush those dreams.

Latest Equity News

• BSkyB wraps up £1.4bn capital increase

  British Sky Broadcasting Group (BSkyB) raised £1.36bn for a £4.9bn purchase of Sky Italia and a majority stake in Sky Deutschland through a 9.99% share placement on Friday, pricing the deal at a 5.95% discount to the pre-announcement close and a 2.2% discount to Friday's post-announcement open.

  • 25 Jul 2014

• Prisa sells Mediaset España stake in Spanish media shake-up

  Spanish media conglomerate Prisa sold its stake in Mediaset España back to the television firm on Thursday night, the latest part of Prisa’s wide ranging restructuring.

  • 25 Jul 2014

• Jumbo year brings joy for banks and blocks

  The equity capital markets have seen more jumbo deals than any time since 2008 so far in 2014. Most of those deals have been for financial institutions.

  • 24 Jul 2014

• IPO season ends with low-key Spire and Alexander Forbes deals

  Europe's IPO market all but closed for the summer last week, as the last big two deals were priced. Investor fatigue and early holidays contributed to lower pricing than bankers had hoped.

  • 24 Jul 2014

• Saudi market opening in sight with NCB in frame to be first

  Saudi Arabia moved this week to open up its $530bn stock market to international investors in what bankers said could be a game-changer for IPOs and other capital market deals from the country. National Commercial Bank, a lender with $100bn of assets, could be the one of the first listings accessible to foreign buyers, but market participants are waiting for more details of the reforms before starting the celebrations.

  • 24 Jul 2014

• With time, the Royal Mail IPO looks less like a failure

  The public was outraged about the Royal Mail's IPO far faster than the deal could be digested. But a timely profit warning from the company has shown that it takes time to evaluate the deal properly.

  • 24 Jul 2014

• Barclays hits back over dark pool lawsuit

  Barclays has roundly rejected the New York attorney general’s complaint about its dark pool, saying that it is based on “clear and substantial factual errors” and that the very documents that the suit is based on “along with the complaint’s other fatal flaws” should get it thrown out.

  • 24 Jul 2014

• Leonteq set to grow further with $200m rights issue

  Financial IT firm Leonteq is to raise Sfr173m ($192m) through a fully underwritten capital raise that will help fund further growth after strong results.

  • 24 Jul 2014

• Sequana completes restructuring capital raise

  French paper maker Sequana completed a capital raise on Thursday that will allow for the restructuring of its two subsidiaries.

  • 24 Jul 2014

• NBG to sell Finansbank holding as part of Greek state aid agreement

  National Bank of Greece has agreed with regulators that it will sell down its holding in Turkish subsidiary Finansbank, it said on Wednesday evening.

  • 24 Jul 2014