Latest EMEA Equity-Linked news

  • Fugro uses subordinated CB to repay US PP

    Fugro, the Dutch geosciences company, turned to the convertible market on Wednesday to meet a specific corporate finance need, much as Rallye did in a different situation on the same day.

    • 19 Oct 2016
  • Rallye issues first equity-neutral exchangeable after Casino slump

    Rallye, the French listed holding company that controls supermarket group Casino, on Wednesday became the first issuer to use an equity-neutral structure on an exchangeable bond, rather than a convertible.

    • 19 Oct 2016
  • Busy CB market welcomes Ship Finance, Recipharm deals

    The revival of convertible bond issuance by the traditional issuer base of smaller, riskier companies continued at the end of last week with contrasting deals by Ship Finance International and Recipharm.

    • 06 Oct 2016
  • Indra Sistemas brings new CB to buy back some of old one

    Indra Sistemas, the Spanish software company, joined this week’s flurry of convertible bond deals on Wednesday, by launching a buy-back and new issue, rather like Crédit Agricole had done the day before with its exchangeable into Eurazeo shares.

    • 28 Sep 2016
  • Steinhoff launches €2.5bn capital increase in buoyant ECM market

    The cheerful and businesslike mood in European equity capital markets, despite clear risks of volatility in the offing, was highlighted again today by the launch of a €2.5bn capital raising by Steinhoff, the South African retail group.

    • 28 Sep 2016
  • Convertibles fizz in France with Eurazeo, Eramet, Assystem

    A flurry of equity-linked bond transactions were launched in France this week, including an exchangeable from Crédit Agricole into Eurazeo shares, a rare hybrid perpetual deal from Eramet, the mining company, and a similar €160m buyback by Assystem. And in Spain, Indra Systemas got cracking with its own refinancing exchangeable.

    • 27 Sep 2016
  • Ubisoft’s €400m CB just what buyers want: volatile, good credit

    Ubisoft, the French computer games publisher, raised €400m on Wednesday in a highly successful convertible bond issue that was the first capital markets deal in its stock since 2010.

    • 21 Sep 2016
  • Telenor cuts Vimpel stake with share sale, blowout $1bn CB

    Telenor sold $1.5bn of shares in VimpelCom, the Russian telecoms company, this week, in a combined equity placing and exchangeable bond that were well received, despite the Uzbek bribery scandal that engulfed both companies last year.

    • 15 Sep 2016
  • Bayer-Monsanto: a useful stretch for the markets

    The grins on the faces of Werner Baumann and Hugh Grant, chief executives of Bayer and Monsanto, look genuine enough. The deal they have struck could catapult Baumann to head of the world’s leading agribusiness company and net Grant a reported $226m.

    • 15 Sep 2016
  • Buwog, Cofinimmo add to equity-linked revival

    Buwog, the Austro-German residential property company, added to the recent reemergence of convertible bond issuance on Tuesday, with the sale of a €300m deal, while the Belgian real estate investment trust Cofinimmo also came to market with a €230m deal to buy back bonds due in 2018.

    • 06 Sep 2016

Equity-Linked news archive

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 JPMorgan 310,048.18 1328 8.75%
2 Citi 285,934.48 1059 8.07%
3 Barclays 258,057.88 833 7.29%
4 Bank of America Merrill Lynch 248,459.06 911 7.01%
5 HSBC 218,245.86 884 6.16%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 JPMorgan 29,669.98 55 6.95%
2 UniCredit 28,692.62 136 6.73%
3 BNP Paribas 28,431.90 139 6.66%
4 HSBC 22,935.49 112 5.38%
5 ING 18,645.88 118 4.37%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 JPMorgan 14,593.71 79 10.38%
2 Goldman Sachs 11,713.19 63 8.33%
3 Morgan Stanley 9,435.23 48 6.71%
4 Bank of America Merrill Lynch 9,019.27 40 6.41%
5 UBS 8,763.73 42 6.23%