Barclays
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The European high yield market appeared to have woken up this week with three roadshows and €900m on offer — but only one borrower has printed, and investors have now little hope of an unequivocal improvement any time soon. -
Stagecoach Group, the UK bus and train operator, filled the book for a £400m bond issue more than twice over on Monday, breathing life into a previously empty sterling market.
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Municipality Finance scored a series of firsts on Thursday with an instrument that is typically the preserve of the bank market — setting a path that leads on the deal believe others could follow.
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The European Union has taken another bite out of its £5.2bn funding plan for September and October with an eight year effort.
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Weichai Power sold its debut offering this week in the first deal under new Chinese rules for offshore bond issuance. Despite the changes to the guidelines, market watchers reckon the impact on the DCM market will be minimal.
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UBS's head of UK and Ireland FIG DCM is to take on the lead EMEA post in the division.
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Sorgente Real Estate System, the Italian property company, today launched its initial public offering in Milan, according to a banker on the deal.
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NRW.Bank has priced a benchmark at the tight end of guidance in the busiest dollar SSA market in several weeks — one that could still host a few more deals.
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A pair of issuers are set to bring the first euro benchmarks of the week on Thursday, amid calls for the European Central Bank to skew its bond buying in favour of the public sector.
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Barclays, which has been building out its EMEA banking team since appointing Sam Dean and Crispin Osborne as co-heads in April, is keeping the momentum going with two more hires this week.
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Meggitt, the UK engineering company, has increased its acquisition credit facility to $600m to buy the composites division of EDAC, formerly known as Parkway Aerospace and Defense.
