US election fears drive ECM deal rush
It has already been another busy week for European block trades with several accelerated deals priced on Tuesday evening. Bankers say they expect the rush to continue sellers look to shift as much paper as possible before November's US election.
A €400m primary trade in Dutch chemicals company IMCD was the largest block in the market on Tuesday evening. It was joined in the market by a Sfr110.8m (€103m) secondary trade in Swiss insurance company Helvetia and a Leu519.4m (€107m) block of existing shares in Romanian oil company