Top Section/Ad
Top Section/Ad
Most recent
TAO Alpha helps bring Bitcoin acquisition convertibles to European market
Autodoc postpones IPO, cites “geopolitical situation”
Second sizeable French ECM deal this week after Ayvens block
Innoscripta listing a rare miss in hot market
More articles/Ad
More articles/Ad
More articles
-
Steinhoff International’s shares jolted downwards again today as it met its banks in London, seeking their support to get through the difficulties caused by apparent false accounting. -
Vonovia, the German housing company, is likely to issue debt next year, to finance its €5.2bn cash offer for Austrian peer Buwog, announced on Monday morning.
-
The shocking fall from grace this week of Steinhoff International, the South African retail group, is causing pain for many in the equity-linked debt market, where it has issued €2.7bn of bonds. The potentially unsound nature of its earnings caused an 80% collapse in its share price this week, and has triggered a fast transfer of its convertibles into specialist hands.
-
Deutsche Post DHL Group secured excellent terms on Wednesday when it issued a €1bn convertible bond at a negative yield, despite investors having been distracted by a collapse in the share and bond prices of equity-linked regular Steinhoff International on the same day.
-
Deutsche Bank shook up the senior ranks of its equity capital markets desk in Asia this week, removing the co-head structure and merging ECM with equity derivatives. The move comes amid a global reorganisation being rolled out from the bank’s headquarters that combines the equity and debt financing units with markets. John Loh reports.
-
A trio of equity-linked issues this week was capped off on Thursday by a €100m convertible bond due in April 2023 from Pierre & Vacances, the French operator of tourist villages.
