Europe
-
Deutsche Börse has said it will build a blockchain-based securities lending platform that will be open to all custodians. -
The strong momentum of the IPO market has been hindered this week as markets subject are buffeted by heightened geopolitical volatility in the wake of the Cambridge Analytica scandal and of new US trade tariffs.
-
Aviva bowed to pressure on Friday and announced that it would not redeem its preference shares after all. It also said that if it reconsidered, it would take into account the market value of the shares.
-
The supply overhang from last week still appears to be casting a shadow on both primary and secondary IG corporate bond markets. The handful of deals that launched on Monday were priced, but not with widespread success. Easter can’t come soon enough for most market participants.
-
Pfizer’s consumer healthcare business has gone from being the belle of the ball to the last one left on the dancefloor on Friday, after GlaxoSmithKline joined Reckitt Benckiser in pulling out of a potential acquisition of the unit.
-
New technologies are marching into the securities issuance process. This week came bids to shake up two very different kinds of private debt — traditional corporate Schuldscheine and funky structured notes.
-
Whatever the Italian politicians who form the next government say or do, it is in Brussels and Frankfurt where the fate of Banca Carige and its ilk lies.
-
-
The €13bn rights issue of UniCredit was acclaimed as the Equity Capital Markets Deal of the Year at GlobalCapital’s 2017 ECM Awards, which were presented on Tuesday night at our third ECM Awards Dinner, held at One Whitehall Place in London.
-
Investors this week called on the UK Debt Management Office (DMO) to extend the sovereign’s curve with its next syndication. Meanwhile, the buy-side cheered an agreement on a Brexit transition deal and analysts eyed a Bank of England rate hike in May, after its latest Monetary Policy Committee (MPC) meeting this week.
-
-
