Europe
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Concerns rise that the barrier to re-entry is too high for other storied issuers
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Sovereign wins record-breaking order book in first syndication since election
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More deals expected in the coming months as conditions improve
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Private equity firms trim Moonpig stakes after increasing deal size and BlackRock subscribes to £16.7m of Sirius RE’s share placement
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Only companies with their backs against the wall will accept paying so much more spread than peers with similar ratings
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German sub-sovereign trio failed to gain traction in a crowded primary market
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UK regulator aims to put London’s exchange on par with its global counterparts, but pension system reforms will add real boost to market, argue participants
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Investors say they want to be conservative on maturities as banks line up long dated deals
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French agency returns successfully after postponing the deal last month
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‘Better execution and pricing’ to come as German agency expects to fund €15bn less than higher end of previous range
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With only a few poor IPO performers this year, the market is functioning, which will give succour to defence companies looking to list
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New issue premiums are minimal again