Europe
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This week's scorecard looks at the funding progress of French agencies as we move into February.
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German housebuilder Instone Real Estate could be worth as much as €943m when it lists on the Frankfurt Stock Exchange this month if its IPO is priced at the top of the range.
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Enerjisa, the Turkish utilities company owned by E.On and Sabanci, has attracted sizeable interest for its IPO, which was covered 4.8 times and priced at the bottom of the range.
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Despite the latest bout of negative publicity surrounding it having used monkeys in emission tests lingering in the press, investors were still keen to buy Volkswagen’s new sterling corporate bond on Friday. The German car maker got over £500m of orders for the 4.5 year fixed rate deal.
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Bevco, the Luxembourg-based investment company that is the third largest shareholder in Anheuser-Busch InBev, made its corporate bond debut on Friday with a benchmark five year deal that won a warm reception from investors.
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AMAG Leasing, the Swiss vehicle lessor, priced two new Swiss franc bonds this week. A Sfr150m (€129m) five year transaction on Monday was followed by a Sfr100m two year on Friday.
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RusHydro, the Russian hydroelectric power generator, will meet investors next week for a Eurorouble bond.
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Singapore's GLP will approach Chinese investors on Monday with a nine year Panda bond, one of the longest-dated deals ever to feature in the asset class.
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Blackstone announced its biggest acquisition for a decade this week, as it swooped on Thomson Reuters' data business for an enterprise value of $20bn. That left financiers waiting to see if it kick-starts a new round of big leveraged buyouts (LBOs) among private equity firms sitting on mountains of uninvested cash. Michael Turner and Victor Jimenez report.
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The European Commission's High Level Expert Group on Sustainable Finance has put a high priority on green bonds, proposing a new EU standard, to be put in place this year, which could be more stringent than current market practice.
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Buyers of high yield bonds in the European markets speaking to GlobalCapital this week sent two messages: overall demand is strong, but investors are searching for different targets.
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Some of the wealthiest and most influential businesspeople in the Russian Federation received an expected, but still unpleasant, piece of news on Monday with the publication of a US Treasury Department list that is expected to precede new sanctions, write Sam Kerr and Bianca Boorer.