Europe
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The European Securities and Markets Authority (ESMA) today issued regulatory technical standards (RTS) governing the scope of consolidated tape for derivatives and non-equity financial instruments. -
Aston Martin, the UK luxury car maker, made savings of up to 400bp on Friday as it wrapped up its latest bond refinancing bond. Investors came along for the ride but found it a bit of a squeeze.
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Micro Focus, the UK legacy software firm, has launched the $5bn loan to finance its acquisition of Hewlett Packard Enterprise’s software business — the biggest new money loan in the European leveraged loan market this year.
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Two European IPOs reached conclusions on Friday, March 31. That of Ambea was heavily oversubscribed, while UniEuro's had to be shrunk and restructured to get it over the line.
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Shares in Cosmo Pharmaceuticals, the Swiss pharmaceutical company focused on gastrointestinal and skin disorders, fell 6.4% on Friday after a group of pre-IPO shareholders sold 9.3% of the company for Sfr216m through an accelerated bookbuild led by Berenberg.
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Yorkshire Building Society could kick-start covered bond issuance in the second quarter, as it lines up to sell its first deal in the format since late 2015.
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Renminbi’s share of international payments rises slightly in February, Liaoning free trade zone (FTZ) allows foreign investors to build renminbi pool, and the Chinese president Xi Jinping to meet with his US counterpart for the first time. Plus a recap of this week’s coverage.
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Issuer Rating: Baa1/A-
