Europe
-
The City of Paris printed a sustainability bond on Thursday, shaving several basis points from the spread during execution thanks to a healthily oversubscribed book. -
KommuneKredit and Erste Abwicklungsanstalt rounded out this week’s dollar issuance in what has become typical fashion for trades over the last few days — oversubscribed books and tightened pricing. But KommuneKredit’s deal featured a novel aspect that SSA bankers hope other issuers will embrace.
-
-
This season’s IPO market in EMEA is drawing to a muted close, with fewer deals than expected and several companies trading down in the aftermarket after their flotations.
-
There were several large equity block trades on Wednesday night this week, including a rare sale of shares in one of Russia’s biggest steel companies.
-
A tidal wave of compliance projects may not be the only outcome of MiFID II — the new regulations due to come into force on January 3 may push fixed income markets towards technological advance.
-
The International Swaps and Derivatives Association on Thursday revealed that it is once again accepting applications for the role of Determinations Committee secretary, a body that carries out administrative duties for credit derivatives committees.
-
The Republic of Lithuania on Tuesday drew a combined €1.27bn book for its taps as investors rushed to take a piece of what could be the Baltic country's last international bond for more than a year.
-
Founders of Mr Green, the Nordic online gambling company, picked Carnegie and SEB to sell a block of its shares in an accelerated bookbuild on Wednesday night. The trade was then increased.
-
Shares in ContourGlobal, the emerging markets-focused power producer, managed to stay above their IPO price all day on Thursday after they began trading on the London Stock Exchange.
-
Sparebank 1 Boligkreditt and Santander UK unearthed solid demand in the sterling covered bond market this week as the Norwegian issuer priced its first in the currency.
-
J Sainsbury, the UK supermarket chain, has refinanced a revolving credit facility with a new, larger revolver amid a far rosier picture for the company than when the last deal was signed.
