Banks

Shares in Lakestar Spac I, a new special purpose acquisition company backed by German venture capitalist Klaus Hommels, have surged by more than 11% in the aftermarket after they began trading on the Frankfurt Stock Exchange on Monday.

GardaWorld, the Canadian security firm, has pulled out of its hostile bid for G4S, leaving the way clear for US rival Allied Universal.

Société Générale tapped into strong demand for 20 year tier two debt in the dollar market this week, following examples set by BNP Paribas and Crédit Agricole earlier in the year.

Indian auto parts firm Sona Comstar is set to file paperwork for an up to Rp60bn ($827.9m) IPO, according to a source close to the deal.

A consortium led by CVC Capital Partners is seeking a HK$2bn ($257.9m) loan to support the take private of Hong Kong fashion retailer I.T.

Joinn Laboratories has sealed its HK$6.54bn ($843.8m) listing at the top of the price range, tapping into Hong Kong’s IPO market as demand hits fever pitch, according to a source familiar with the matter.

A report that Jana Hecker, global head of equity syndicate and equity capital markets at UniCredit, had worked privately for Markus Braun, the imprisoned former CEO of Wirecard, stunned UniCredit employees on Friday afternoon when it appeared in the Financial Times.

The SSA sterling market had been deserted for two weeks thanks to a hostile cross-currency basis swap, but KfW returned on Thursday with a £500m tap.

A pair of sovereigns privately placed century bonds this week, with one of the borrowers — Ireland — dipping below the 1% point for the first time at this sort of tenor.

Fund managers are eyeing up opportunities in the additional tier one (AT1) market this year, with spreads still said to be well wide of their potential lows.

Lakestar Spac I, a new special purpose acquisition company backed by German venture capitalist Klaus Hommels, has priced its IPO on the Frankfurt Stock Exchange, raising €275m.

BNP Paribas was nearly seven times subscribed for a long call additional tier one (AT1) this week — in its third dollar deal of the year.