Europe
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Jefferies and UBS conducted on Thursday night the second block trade of shares in DFS Furniture, the UK sofa retailer, since they led its £221m IPO in March 2015. -
Inter-American Development Bank (IADB) on Tuesday threw open the door for dollar issuance as the second quarter of the calendar year kicked off, with several other issuers eagerly following.
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Portugal brought a dual tranche syndicated tap this week, in what some bankers felt was a disappointment amid a busy market where every other deal went well — but the leads were quick to defend the trade.
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Slovenian Sovereign Holding, which manages state assets, has chosen Deutsche Bank as financial adviser for the privatisation of Nova Ljubljanska banka. It will probably be done as an IPO, possibly this year.
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Credit Suisse sold its first benchmark euro senior unsecured bonds of the year this week, returning with a pure operating company version of a dual tranche deal it was forced to cut in half in June last year.
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ING printed an operating company tier two bond this week that can be converted into holding company debt, a new technique that could be used by other borrowers and even applied to senior unsecured bonds as banks wait for clarity on resolution rules in Europe. Tom Porter reports.
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Songa Offshore, the Norwegian oil drilling company that is going through a distressed debt restructuring, completed on Thursday its raising of new money with a convertible bond, getting the maximum size of $125m.
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