Erste Group Bank
-
Macedonia returned to the bond market on Tuesday to finally print a €450m seven year bond after a challenge to the legality of the issue forced a postponement of the deal when leads opened books on July 14. -
The Republic of Macedonia delayed its Eurobond sale on Thursday after a political opponent to the government challenged the legality of the issue.
-
Macedonia was on track to price the first euro-denominated bond from CEEMEA since the UK referendum on June 23 on Thursday morning.
-
CA Immobilien Anlagen, the Austrian real estate business, was able to increase the size of a new issue to €140m on Tuesday, with strong support from domestic investors.
-
Block trade activity built steadily in intensity this week, reaching a crescendo on Thursday evening with a burst of deals including Airbus’s exit from Dassault Aviation. Also out on Thursday were Apax’s clean-up of Auto Trader shares and a block of shares in Spanish property company Colonial. Deutsche Bank was on almost every deal.
-
Shares in Erste Bank and Euskaltel closed nearly 4% lower on Wednesday after two block trades were executed in their shares on Tuesday evening.
-
The June crop of IPOs should all be brought home by the end of this week, leaving the market bare for the dangerous mid-June weeks when the UK will be holding its referendum on leaving the EU.
-
-
Additional tier one paper took centre stage in the FIG market this week, with risk appetite firmly back on and new supply set to ramp up in the coming sessions.
-
GlobalCapital presents its annual Emerging Market Bond Awards 2016. These awards are determined entirely by a poll of market participants, and celebrate the outstanding issuers, funding officials, investment banks, bankers and rating agencies in the emerging markets between May 2015 and April 2016. Congratulations to the winners and nominees.
-
Erste Group Bank won a positive reception for its first additional tier one (AT1) issue on Wednesday, putting a recently failed coupon payment behind it and leaving the door open to future issuance.
-
Financial institutions are taking more time over executing trades, as well-funded banks give way to less common names and rarer trades.
