Latest EMEA Equity-Linked news

  • Immofinanz tackles 2018 maturity with new CB, early conversion

    Immofinanz, the Austrian property company, issued a €300m convertible bond in an evening bookbuild on Thursday night, alongside an incentivised early conversion of its €515m CB that matures in March 2018.

    • 13 Jan 2017
  • Equity-neutral convertibles return as Michelin bags juicy arbitrage

    The equity-neutral convertible bond structure that faded from the market in the second half of 2016 made a strong comeback on Thursday, when French tyre maker Michelin launched a $500m deal that won eager demand and was priced at the best end of terms for the issuer, writes Jon Hay.

    • 05 Jan 2017
  • Equity-neutral CBs return as Michelin takes juicy arbitrage

    The equity-neutral convertible bond structure that faded from the market in the second half of 2016 made a strong comeback today, when Michelin, the French tyre maker, launched a $500m deal that won eager demand and was priced at the best end of terms for the issuer.

    • 05 Jan 2017
  • CBs: back to basics as rate hikes tempt weaker credits

    Europe’s convertible market is no longer dripping with superlatives as 2017 begins — middling performance and mild outflows have taken out some of the heat. That may be a good thing, as investors may get more of the deals they like: for companies whose credit needs some looking at, but with interesting equity stories. Aidan Gregory and Jon Hay report.

    • 01 Jan 2017
  • ECM banks work harder for less, stressed investors get picky

    On the surface, equity capital markets are a well-oiled machine, built to run over the rocky ground of unpredictable stockmarkets. Beneath the surface, there is a lot of sweat. Banks are having to staff their teams with less money, but do just as many deals. Investors are under the cosh, too, squeezed by weak performance and the march of passive funds. Jon Hay reports.

    • 01 Jan 2017
  • UniCredit's Pekao mando wins bid from disappointed block buyers

    UniCredit turned to the equity-linked bond market on Thursday to dispose of its last 7.4% stake in Bank Pekao, after agreeing to sell 32.8% of the Polish lender to insurance company Powszechny Zakład Ubezpieczeń and the Polish Development Fund, for Z10.6bn (€2.4bn).

    • 09 Dec 2016
  • Late CB flurry for M&A, cheap funding bodes well for 2017

    Equity-linked bond bankers are looking forward to a lively year for issuance in Emea in 2017, as they believe market conditions will favour the product and a wide variety of issuers will find it useful.

    • 08 Dec 2016
  • Fruit and veg firm Greenyard cuts debt cost via €125m CB

    Greenyard, the Belgian fruit and vegetable producer, priced a €125m convertible bond on Thursday as part of a wider refinancing package to save it more than €15m a year of funding costs.

    • 08 Dec 2016
  • Buyers nab $750m Ensco CB as Opec deal lifts confidence

    Ensco, the London-headquartered offshore oil drilling contractor, has raised $750m with a popular convertible bond issue to finance a tender offer for high yield bonds due 2019 and 2020.

    • 07 Dec 2016
  • BE Semi gets 40% premium in hit €125m CB

    BE Semiconductor Industries' €125m convertible bond has traded up since its successful launch on Wednesday, when the company raised seven year money to expand factories in Asia at an attractive 40% premium to its current share price.

    • 30 Nov 2016

Equity-Linked news archive

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%