Europe
-
-
German publishing company Axel Springer’s shares jumped 4.3% on Wednesday this week after it announced a plan with United Internet to merge their affiliate marketing divisions and float the combined entity. -
-
Gilt yields dropped on Thursday after the Bank of England’s Monetary Policy Committee voted 6-2 to hold the Bank Rate at 0.25% — a higher majority than the 5-3 in favour of holding at its last meeting in June. The more dovish result came after weeks of hawkish noises emanating from the central bank.
-
Another one of Turkey’s smaller banks, Şekerbank, has signed a €77.5m loan with margins in line with its peers.
-
Danish ferry operator Scandlines has refinanced all its debt with BBB rated bank loans and notes in the European and US private placement markets.
-
Public sector issuers are taking advantage of strong summer conditions in the dollar market to bring green and arbitrage-style deals, with more issuance expected next week.
-
Anglian Water priced the first green corporate bond in sterling since 2015 on Monday. The company’s green bond debut could herald a surge of deals from its peers, writes Nigel Owen.
-
The European Banking Authority said this week that it is not overly concerned by an increase in banks' asset encumbrance last year and a rise in covered bond encumbrance for the third successive year.
-
Sterling investors piled into a new additional tier one (AT1) deal from Barclays, as the UK bank reopened the market after returning from earnings blackout.
-
Investors have been reducing some of their positions in two of Royal Bank of Scotland’s legacy tier one instruments, unable to determine whether or not the bank will call them in September.
-
With the deadline looming on Holland & Barrett’s £825m-equivalent of loans, several investors have raised concerns over both leverage and terms on the deal, in a market otherwise winding down for summer.
