Barclays
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Piraeus Bank has mandated lead managers for the sale of a new tier two, as it looks to follow the success of its compatriot Alpha Bank. Greek banks have emerged as big winners in the secondary market recently, with investors shrugging off risks and focusing on ‘only the positives’. -
The IPO of Calisen Group, the UK operator of smart meters, is due to be priced at 240p a share according to final messages from boorkunners, slightly below the midpoint of the 225p-265p initial range, valuing the company at £1.29bn.
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UK billionaire Peter Hargreaves has sold £550m of stock in Hargreaves Lansdown, the UK financial services company he co-founded, via a block trade that was increased to satisfy a huge demand.
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Indian Railway Finance Corp courted investors for a 10 year bond on Thursday, only to add a 30 year tranche to the transaction later in the day following reverse enquiry.
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Chinese ship financing company CSSC (Hong Kong) Shipping Co took advantage of the risk-on sentiment in the market on Thursday to take home an $800m dual-tranche bond.
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Wells Fargo and Goldman Sachs accounted for the lion’s share of dollar FIG supply this week as they led a return of senior unsecured issuance following a glut of preferred supply.
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Volkswagen Financial Services and United Utilities Water hit the sterling bond market this week to print £650m of debt. Issuers are finding a warm reception in the currency, despite the UK having left the European Union last Friday.
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Conditions for issuance in the additional tier one market may be more attractive than ever, but there’s still good reason for some bank treasury teams to bide their time.
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Qatar National Bank took $1bn from bond markets on Wednesday as it tapped investors for the second time this year, with just 1% allocated to Gulf Co-operation Council-based investors.
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Investors rushed to Indian company Adani Electricity Mumbai's (AEML) bond on Wednesday, flooding the $1bn deal with orders that reached more than $6bn at their peak.
