Credit Suisse
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mBank was back in the euro market on Thursday with a €500m seven year note. The Polish bank is looking to become a regular issuer and took the opportunity to extend its curve, printing with a 10bp-15bp new issue premium.
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Sandeep Agarwal, head of EMEA debt capital markets and Nick Williams, head of EMEA equity capital markets, will become co-heads of the EMEA global markets solutions group (GMSG), the wider structure that includes ECM, DCM, leveraged finance, equity derivatives, debt derivatives, restructuring, liability management and ratings advisory.
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Geberit, the Swiss bathroom fittings maker, has allocated its Sfr1.29bn (€1.07bn) loan for the purchase of Sanitec, a Finnish competitor. Five Swiss and five foreign banks are in the deal.
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Philippine conglomerate Ayala Corp’s blue chip reputation helped it net Ps12.35bn ($275m) in a hotly-received top-up placement on November 19, leading to the final offer being increased from an initial Ps8.98bn.
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mBank was back in the euro market on Thursday with a seven year note. The Polish bank is looking to become a regular issuer and is taking the opportunity to extend its curve this time round.
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Chinese beverage manufacturer Reignwood Group, which launched its maiden offshore syndicated loan in September, has decided to defer the fundraising to December or early next year as its need for the money is no longer imminent amid improved cash flow.
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A merger between CitySpring Infrastructure Trust and Keppel Infrastructure Trust to create Singapore’s largest infrastructure business trust will see the combined entity raising some S$525m ($404.57m) from the equity market. The funds will be used to buy a 51% stake in a power plant for S$510m cash.
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IBM launched an opportunistic euro bond issue on Wednesday, taking advantage of strong market conditions to sell €1bn of 8.5 year bonds with a minimal new issue premium - and according to one banker, much tighter than its dollar curve.
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Italian power utility firm Enel has decided to raise the number of shares it is selling in Endesa, after finding strong demand from investors.
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Numericable completed its €4.7bn capital increase this week, bringing to an end the financing for the French cable operator’s acquisition of SFR.
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Hyundai Mipo Dockyard made its exit from Posco by raising W260bn ($237m) on Tuesday night, selling all of its shares in the steel company in a deal that received a rousing reception from the market — particularly from international investors.
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Shares in Rai Way, the broadcasting infrastructure arm of Italy’s state-owned radio and television station Rai, began trading this week, after the company priced its €280m IPO at the bottom end of the range.