Europe
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Private placement specialists are starting to think about convergence between the France-based Euro PP market and Germany’s Schuldschein, according to speakers at Rencontres Euro PP, an industry gathering in Paris on Tuesday.
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Finnish property investment firm Sponda has completed its €221m rights offering, which it first announced in late February and which will be used to partially repay a bridge loan.
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Ireland has become the latest issuer to join the exclusive club of century bond issuers, after printing a 100-year note via private placement, the country’s National Treasury Management Agency said on Wednesday.
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An investor relations manager at Banca Popolare di Vicenza told GlobalCapital on Thursday that the bank still intended to launch its IPO in early April, and to complete it by the end of the month. He called a UniCredit statement casting doubt on that timetable unhelpful.
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The Charities Aid Foundation (CAF), a financial services provider for non-profits, has closed the offer period for its retail bond a week earlier than planned with demand much stronger than expected.
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Royal Bank of Scotland (RBS) offered to buy and sell holdco senior debt on Wednesday, as UK banks make increasing use of liability management to adapt to new regulatory capital requirements.
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Consolidation has been a perennial theme in Italian finance, but the country has little to show for it. This time is different.
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ChemChina gave 11 banks allocations in the $20bn tranche of its Syngenta acquisition loan on Thursday, bringing the total number of banks in the syndicate to 16.
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Norske Skogindustrier, the Norwegian manufacturer of paper for publication, announced on Thursday that GSO Capital and Cyrus Capital would provide new securitization and equity financing to save the company.
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The UK Debt Management Office has announced the details of two syndications it plans to sell in the first quarter of its 2016-17 financial year.
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An investor relations manager at Banca Popolare di Vicenza told GlobalCapital on Thursday that the bank still intended to launch its IPO in early April, and to complete it by the end of the month. He called a UniCredit statement casting doubt on that timetable unhelpful.