Deutsche Bank
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Bank of America Merrill Lynch and Deutsche Bank are working on allocations tonight on the IPO of Auto Trader, which has been a big success.
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Repsol, the Spanish oil company, has issued a €2bn hybrid bond as part of the long term financing for its $8.3bn (€6.6bn) acquisition of Talisman Energy. -
India’s Adlabs Entertainment has finally wrapped up its extended IPO, raising Rp3.70bn ($59m) by pricing its shares at the bottom of the revised range. Concerns over an expensive valuation, combined with a volatile period for Asian markets during bookbuilding meant investors were quick to lose their appetite for the company’s stock.
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Emirates NBD printed a €550m seven year bond on Tuesday, a breakthrough for Middle East banks in the euro market. But bankers said they are uncertain whether other issuers will now follow.
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A group of 16 banks have lined up to join a €500m ($579m) seven year loan for Malaysia Airports Holdings, which cut margin on the borrowing following launch of general syndication.
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Two US technology companies are marketing high yield bonds in Europe, in a new signal of the market's attractiveness.
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Investment management group Henderson Global Investors has added to its short but growing list of senior ex-Deutsche Bank credit staff in London with another hire.
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Auto Trader has increased the size of its initial public offering in London, after receiving strong demand from investors in the early stages of the bookbuild.
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Virgin Media, the UK cable and mobile communications company owned by Liberty Global, printed on Tuesday a senior secured bond issue to refinance debt.
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Air France KLM has hired five banks for a potential hybrid bond issue, as the unrated, high yield airline's €661m convertible bond approaches maturity.
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Emirates NBD has released price guidance for a euro benchmark which bankers hope will act as a market opener for Middle East banks, but the talk looks generous, according to rivals.
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Panama bucked the Latin America sovereign trend for 30 year debt last week with a 10 year deal as it pruned its debt servicing costs.
