Europe
-
Algomi, one of the many fintech firms promising to revolutionise bond trading, has joined up with exchange firm EuroNext to work on an execution venue for large and illiquid bond trades.
-
Real money sellers were seen in recently issued Italian covered bonds this week, along with some profit-taking at the long end of the French curve, but German Pfandbriefe were well supported and looked cheap relative to bonds issued by German states.
-
Caja Rural Navarra is planning the first green covered bond of the year. It follows a trio of covered bonds issued by Australian banks and the first transaction to be issued from Nordea in more than a year.
-
Sirius Minerals completed an $855m equity financing on Wednesday, for the first stage of its plan to build a fertiliser mine in a National Park in North Yorkshire. Priced on Thursday morning, the $400m convertible bond — too risky for many conventional investors — is already trading in the money. -
Both investment grade and high yield corporate issuers pumped out primary paper at a vigorous pace this week, as they bore out volatility to get ahead of the November 8 US elections.
-
Leveraged buyout activity in Central and Eastern Europe is gaining momentum, driven by a few jumbo deals pushing for terms and pricing more commonly seen in Western European markets. For some local banks, the conditions are too tough to compete.
-
-
-
Russia’s Domodedovo Airport attracted more than $900m of orders for a new five year dollar bond on Thursday, despite deteriorating market conditions.
-
Despite the damage done to this autumn's IPO season, with a string of deals pulled and several trading badly, there is still a handful of flotations in the market, and ECM bankers believe they have a chance of success, writes Aidan Gregory.
-
This was the week high yield borrowers in sterling came out of the Brexit shadows to face a market ridden with political tensions — what they found was hungry, but sober, investors.
-
