Banks

Swiss franc market offers size to issuers willing to flex on price

The final size of the base deal will be Sfr2bn after the IPO was priced at the top of the range

◆ Rival bankers said it was ‘bad luck’ and did not reflect broader market sentiment ◆ News that US authorities opposed RBI purchase in Austrian construction company Strabag emerged during pricing

Deal was oversubscribed with €110m of lead manager orders

SSAs vie EU for attention as more issuance expected from Flemish Community

Private bank issued the largest single tranche by a domestic institution since 2020

Block trade of €560m hedges JP Morgan position, cuts Stone Island family’s stake

Books for the European sovereign’s €5bn deal were ‘sizable for a linker’

The long-end deal is judged to have paid 1bp-3bp new issue premium

Douglas is expected to achieve a multiple of 6.1-6.3 times its 2024 Ebitda

A rerating of Lottomatica’s valuation has enabled Apollo to start exiting its position

The biggest IPO of the year so far in Europe is multiple times covered, according to sources