Barclays
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Schustermann & Borenstein, the German fashion retailer, priced a €260m bond on Thursday to fund its acquisition by private equity firm Permira. -
Asia ex-Japan debt capital markets had a quiet opening on Monday, with a sole Chinese local government financing vehicle (LGFV) out for dollar funding. On the same day, another two LGFVs announced mandates.
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Catalent Pharma and Thomas Cook — a reverse Yankee issuer and a UK holidays operator — on Thursday released guidance for high yield deals amounting some €900m in a market that has been mute since November 15.
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Tewoo Group Co, also known as Tianjin Material & Equipment Group Corporation, is planning a return to the offshore bond market, having picked two firms to arrange roadshow next week.
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The busy equity block trade action in Europe since the US election has continued into its third week, though market participants are beginning to brace for the outcome of the Italian referendum on Sunday.
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A pair of public sector borrowers hit screens this week for dollar syndications, providing an unexpectedly strong climax to 2016.
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A No vote in Italy’s referendum on constitutional reform will rock already struggling Italian bank debt spreads, but FIG market participants are prepared to weather any volatility as they wait for the opportunity to lock up investors’ remaining cash this year.
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Barclays was looking to sell seven year senior debt from its holding company on Thursday, with the trade unaffected by the lender’s weak performance this week in the Bank of England’s 2016 stress test.
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Uniper, the German power and gas company on Wednesday issued its first public bond since spinning off from E.ON earlier this year, tapping the short end of the curve with a two year offering.
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Royal Bank of Scotland submitted a revised capital plan after failing the Bank of England’s 2016 stress test this week, with the UK lender’s large potential misconduct fines playing an important role in its poor test performance.
