Europe
-
The blaze of equity block trades on Thursday night was well received, with important deals completed for CaixaBank and in shares of Veolia Environnement and Scout24. -
Spanish-based NH Hotel Groupe — a single B rated credit — printed a €285m bond at a yield of 3.75% on Friday, as leveraged finance investors pile into the primary deal flow.
-
RWE has announced the price range for the IPO of its renewables business Innogy, which could become the largest IPO in Europe since 2007 if it reaches its maximum €5bn size.
-
Telecom Italia printed a €1bn benchmark nine year deal on Friday afternoon alongside a €500m issue for French real estate firm Gecina, as bankers anticipated a busy next week.
-
The European Commission could ignore the advice of the European Supervisory Authorities and plough on with its plan to exempt covered bond swaps from collateral posting where the claim is subordinate to investors, bankers say.
-
With a $7.5bn book and a deal sold wholly to international investors, Russia returned to the capital markets in style on Thursday, shrugging off the ghosts of failure that blighted its return in May.
-
In this round-up, Chinese regulators have further delayed any expansion of the qualified domestic institutional investor, Vanguard has completed its transition to a FTSE index that includes A-shares, and Malaysia’s new payment system adds support for RMB debt securities. Plus, a recap of GlobalRMB’s coverage this week.
-
-
-
-
