Bank of America
-
Worldpay, the UK payment processing company, floated for £2.16bn on Tuesday, in the largest initial public offering in London since Glencore’s in 2011, and the fifth largest in Europe since the financial crisis. -
The European Stability Mechanism blasted open the long end of the curve on Tuesday with its longest bond to date. The 30 year stormer has prompted several other issuers to explore maturities of 10 years and above.
-
The euro FIG market may lose the business of some US banks in the looming results reporting season, because it can’t compete with the depth of demand on offer in dollars.
-
Bank of America Merrill Lynch has lost a member of its equity capital markets team in Hong Kong.
-
Mizuho Financial Group and Mitsubishi UFJ Trust and Banking (MUTB) are out in the dollar bond market, releasing guidance for their respective offerings on Tuesday.
-
Sorgente Res, the real estate group, has pulled its planned Milan listing, having been dissatisfied with “the quantity and quality of the demand”.
-
Garanti has taken the first step to refinance its second loan of the year, with tranches of up to $1.5bn and €1.5bn.
-
Mitsubishi UFJ Lease & Finance Company is preparing to issue a second dollar bond this year, with investor meetings scheduled for next week.
-
Electricité de France this week delivered a lesson in execution and timing as it hoovered up pent up demand for paper as corporate America skulked in earnings blackout amid perkier market conditions.
-
The European Investment Bank brought a benchmark that public sector bankers hope can bring some stabilisation to the dollar market, as another supranational eyed up a potential new source of demand.
-
An SSA could bring a euro denominated socially responsible bond next week, joining several others that have mandated for deals, announced roadshows or brought innovative new issues this week.
-
Hellman & Friedman is acquiring a majority stake in the Swedish company Securitas Direct with a €2.7bn financing package involving bonds and loans — but market sentiment remains downhearted.
