Banks line up more blocks after rapid start to 2020

Canary wharf_banks_PA_230x150_bank _logos_Jan13_2020.jpg
By Sam Kerr
13 Jan 2020

Equity capital markets bankers are lining up further accelerated equity sales after a series of successful block trades last week. They are hoping that market optimism persists to allow them to print trades before corporate blackouts prevent insider sales.

More than €2bn of paper was sold last week, according to Dealogic data, with a number of sizable trades trading up after being priced.

The largest trade last week, a Dkr 6.4bn (€856m) sale in Danish renewable energy firm Ørsted, proved hugely popular with investors, as did a ...

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