Europe
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Turkey has re-entered the debt capital markets with the intention of selling a Sharia-compliant bond, a sukuk. The proposed deal, which some say could come at a premium, was announced just days after Saudi Aramco achieved an enormous order book on its debut sukuk.
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Two European animal healthcare companies have announced their intention to float in recent days. Bankers hope that the fast growing sector will offer something different in a crowded pipeline of new stockmarket listings in the region.
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As much as everyone would like to put the UK's messy divorce from the EU behind them, it remains a very live topic — especially for bankers who don't want to live in Frankfurt.
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This week's funding scorecard looks at the progress European sovereigns have made in their funding programmes as we approach the middle of June.
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An ECB meeting on Thursday that delivered what traders had predicted meant there was little volatility in the rates market that afternoon. With a glut of supply about to come from the EU, one trader predicted spread tightening may follow the bellwether trade.
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Seraphim Space, one of the world’s largest investors in space technology, is launching a new investment trust on the London Stock Exchange, giving investors exposure to investments in the increasingly lucrative sector.
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Alm Brand, the Danish insurer, has agreed to acquire RSA Insurance Group's Danish business Codan, for Dkr12.6bn (€1.69bn) in cash.
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Alternative asset manager CVC Capital Partners has issued €1.25bn in US private placements, according to market sources. The trade follows similar moves by Bain Capital and Dyal Capital in the past 12 months, but is the first iteration of the trend to be priced in euros.
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Germany’s BMW sold two Panda bonds in China’s interbank market on Thursday, tapping onshore liquidity with a publicly syndicated deal for the first time. The transaction was also a rare public outing from a ‘real’ Panda issuer.
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Guarantor: Federal State of North Rhine-Westphalia
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