Latest EMEA Equity-Linked news

• JP Morgan's €400m synthetic Siemens exchangeable prompts questions

  

  JP Morgan has raised €400m by issuing a cash-settled bond, exchangeable into shares of Siemens, at an extremely aggressive price level. The purpose of the deal is not clear.

  • 20 May 2019

• Orpea, GN Store get top terms on new CBs

  

  GN Store Nord, the Danish maker of hearing aids and audio devices, and Orpea, the French care homes operator, both achieved stellar terms on their new convertible bonds (CBs) on Tuesday, highlighting how the scarcity of new paper in the European market has pushed price dynamics in issuers’ favour.

  • 15 May 2019

• Sirius digs deep with $2.8bn project financing

  

  Sirius Minerals, the London-listed miner, has won investor support for the equity leg of a $2.8bn financing project that will fund the largest polyhalite mine in the world.

  • 02 May 2019

• Tesla asks Wall Street for $2.3bn to shore up falling cash reserves

  

  Shares in Tesla, the US maker of electric vehicles, gained as much as 2.8% on Thursday morning after the company announced it would raise up to up to $2.3bn of capital by selling new shares and convertible bonds to strengthen its balance sheet following a net loss of $702m in the first quarter of the year.

  • 02 May 2019

• Sirius gets equity support in first leg of $2.8bn financing

  

  Sirius Minerals, the London-listed miner, has won investor support in the equity financing leg of its new $2.8bn phase two project financing to fund the development of what is intended to be the largest polyhalite mine in the world in the North York Moors near Whitby.

  • 01 May 2019

• Sirius launches $2.9bn equity, debt, CB financing for potash mine

  

  Sirius Minerals has launched a bold $3.8bn financing transaction, combining equity, debt and a new loan facility, to fund the development of its Yorkshire potash mine project. JP Morgan, Sirius's corporate broker, is underwriting and organising the deal.

  • 30 Apr 2019

• Renowned Vodafone treasurer to leave

  

  Neil Garrod, group treasury director at Vodafone and one of the best known figures in the European corporate bond market, is understood to be leaving the UK mobile phone group. He is in talks with another company about becoming its finance chief.

  • 16 Apr 2019

• People moves in brief

  Diamond hires ex-colleague at Atlas — Salorio leaves DCM head vacancy at Soc Gen — Forese to retire from Citi

  • 11 Apr 2019

• ECB rate freeze crushes hopes for euro equity-linked revival

  

  The European Central Bank’s (ECB) decision to rule out rate rises this year has quietened hopes of convertible bond (CB) issuance reviving in Europe.

  • 11 Apr 2019

• Sacyr's new €175m CB attracts buyers

  

  Sacyr, the Spanish construction company, enjoyed a strong reception from equity-linked investors on Wednesday when it issued a new convertible bond that was increased to €175m off the back of unexpected demand from long-only funds.

  • 11 Apr 2019

Equity-Linked news archive