Barclays
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Swiss Re, the reinsurance group, returned to the equity-linked debt market on Wednesday with a deal that reinforced this issuer’s reputation for financial innovation: a $500m equity-neutral convertible bond that also acts as a contingent convertible security — except with more flexibility for the issuer.
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Slovakia sold 10 year and 50 year bonds from a combined book of over €5bn on Tuesday, the first European sovereign bond since Italy-led volatility last week turned government bond traders’ screens into a kaleidoscope of reds and greens. It was also the longest CEE print in over a decade.
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KfW will bring what bankers say will be the first “real jumbo test” for the market since a wave of Italy-led volatility hit bonds last week.
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Ireland’s Keywords Studios, which provides technical services for the computer games industry, has signed a €75m three year revolving credit facility with a trio of UK banks. It is ramping up its bank debt amid a period of growth.
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Slovakia revised pricing downwards on its rare 50 year bond on Tuesday morning, after taking books of over €5.3bn with the first trade from the central and eastern Europe region for nearly two weeks.
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The Slovak Republic is exploring the possibility of issuing a rare 50 year euro-denominated bond as markets stabilise after a tough week.
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Chinese education firm Puxin's $166m New York Stock Exchange IPO was covered by demand from Asian investors alone on the first day of bookbuilding.
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Indiabulls Housing Finance has made a quick return to the loan syndications market for a $200m borrowing.
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US corporate bond bankers are hoping for a rebound in supply in June, after the high grade new issue market limped to the end of May.
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BC Partners has completed the first selldown of shares in Sabre Insurance, the UK specialist insurer, since its £287m flotation on the London Stock Exchange in December.
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State Bank of India has launched a new $750m three year borrowing into general syndication, about two months after mandating banks to run the transaction.
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Shares in Capita, the UK outsourcing company, rose 3.2% on Friday after it concluded its £702m rights issue, intended to put the company on a sound financial footing after a series of profit warnings over the past year.