Barclays
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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.
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Rentenbank sold what is likely to be its final benchmark of the year on Tuesday.
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Lanxess, the German chemicals company, issued a €500m hybrid capital bond on Tuesday as it sought financing for its acquisition of Chemtura.
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MTN Zakhele, a black economic empowerment scheme, has unwound its position in MTN Group, the South African mobile telecoms company, through the first block trade in the company’s shares for six years.
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Severn Trent issued the first corporate deal for a month into the sterling market bond market on Monday as it tapped investors for a 15 year transaction.
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Rentenbank has announced that it will sell a five year dollar bond on Tuesday, winding up its 2016 funding programme and making the most of what a banker at one of the leads called “one of the last good windows of the year”.
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After almost two years away from the market, Thomas Cook opened a three day roadshow on Tuesday for a new euro deal, which will redeem its only sterling bond and portions of its 2020 euro notes.
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The busy equity block trade action, widely predicted by ECM bankers when the US presidential election produced a bounce in share prices, has continued this week with a string of sales totalling over $1.5bn.
