Europe
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Danmarks Nationalbank, the Danish central bank, has hired a new head of monetary policy operations and government debt. -
Europe’s turbulent IPO market has taken its toll on the listing of Synlab, the German laboratory technology company, with the sellers deciding to shrink the size of the transaction after investors refused to budge from the bottom of the price range.
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UK broker Peel Hunt and Santander have joined forces to do deals for UK corporate clients seeking to raise equity capital. Peel Hunt will now have the firepower of Santander’s balance sheet to be able to underwrite both primary and secondary transactions for its large UK clients.
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Legal & General has lent Believe Housing, a UK housing association, £85m with margins tied to its energy transition. This is the first sustainability-linked private placement in the UK social housing sector, according to GlobalCapital research.
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Russian paper and pulp company Segezha is covered across its initial price range in its IPO, showing that Russian companies can withstand political volatility when doing an IPO.
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Basic Fit, the Dutch low-cost gyms operator, has sold €204m of new shares to finance growth opportunities once its sites are permitted to reopen.
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Shares in Allfunds, the B2B fund distribution platform, rocketed on Friday, their first day of trading in Amsterdam. The news was a bonus for an IPO market which had started to stutter. This week Synlab the German laboratory technology company has struggled to get its IPO covered and the listing of Trustly, the Swedish fintech unicorn has been pulled.
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The UK Debt Management Office reduced its borrowing programme on Friday following a lower funding requirement for its previous financial year than it had originally expected.
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Gore Street Energy Storage Fund, the London-listed closed end investment fund focused on energy storage assets, has tapped equity capital markets for £135m to finance the company’s burgeoning pipeline of around 1.3gw of investment opportunities.
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Jumbo, a privately owned supermarket chain with stores in Belgium and the Netherlands, has closed a debut Schuldschein at €200m, according to market sources. New deals are proving popular, as low levels of deal flow cannot slake investors' thirst for assets.
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Bank of America sold a floating rate note over the Bloomberg short-term bank yield index rather than Sofr this week, as Morgan Stanley added to the post earnings rush in dollars.
