Bank of America
-
The first block trade in Worldpay since its £2.5bn IPO in October took place on Wednesday evening, as Advent and Bain, its private equity owners, sold a 13.75% stake for £740m. The sale went very well, as it was soon increased and priced at a tight discount. -
-
-
-
-
The Schaeffler family’s €1.24bn clear-out block trade in Schaeffler non-voting shares failed to clear on Monday night, leaving the four lead banks long of the stock.
-
Delta Lloyd will announce on Thursday evening or Friday morning the take-up for its controversial rights issue, which was cut in size from €1bn to €650m after public protests from some investors. The exercise period ended at 2pm CET on Thursday.
-
The short end of the dollar curve is enjoying a purple patch, with public sector borrowers drawing big books and pricing with much lower new issue premiums than earlier in the year.
-
The European Investment Bank added the latest piece of evidence that a socially responsible label can help drive demand at tricky tenors, as it sold a Climate Awareness Bond on Wednesday that was the largest 10 year dollar bond from a supranational or agency so far this year.
-
Mizuho Financial Group has raised $4bn from a triple-tranche bond to meet its total loss-absorbing capacity (TLAC) requirements. All three Japanese global systemically important banks have now issued such notes this year and market participants said investors and issuers are warming up to the product.
-
CK Hutchison, the conglomerate with headquarters in Hong Kong, issued €2bn in the European corporate bond market on Tuesday, diversifying the market’s sources of non-European deal flow.
-
Tokmanni, Finland’s largest general discount retailer, announced on Tuesday its intention to float on Nasdaq Helsinki during the second quarter, selling both new and existing shares.
